The Resident: How 47% of Congress Became Millionaires

Published on May 13, 2013 by RTAmerica

According to many sources, about 47% of Congressmembers in the US are millionaires. Many of them became this rich, and richer, using their office as a way to make money. Whether through earmarks, insider trading, the revolving door, or otherwise, should Americans be more outraged? The Resident (aka Lori Harfenist) takes a look at the issue.

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5 thoughts on “The Resident: How 47% of Congress Became Millionaires

  1. So judging by the lack of anger from replies…is this an ethical or criminal issue? If criminal why haven’t they been prosecuted? If unethical, why haven’t the people heard about it until now? Either way what are the processes foe dumping these clowns from the payroll?

    1. I don’t know how we could do it but Congress needs to be put on probation with set income at the average American Income of $50,000. This income would include Obama Care for health insurance unless otherwise they chose to vote it down, then we could negotiate a medical insurance contract with a maximum deductible like most American families have to pay. Third, they would have to pay social security and be taxed according to how we are taxed. They could invest their money as we do with the exception of any stocks that could be traced back to how they voted on legislation grooving inside information not known to the general public which if accused would have to have their day in court. And, if found guilty, serve a sentence, pay a fine to the State they represent to use by the State for balancing the fiscal budget. They would loose their seat in office and would be fired. There would be no more terms of office for “ALL Rep’s” to serve save two and there would be no retirement other than what they personally invested in while in office and what they paid into social security. If we treated the seats in office as simple as we are treated in the general work force, then the type of individuals going into office would be more like us knowing the needs and wants of their constituency. It would not be about having unlimited terms, and a retirement that matches their salaries, (last year served). This would eliminate the opportunist looking for a lifestyle and bring to us individuals who are connected to reality.

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