Posts Tagged ‘The 1 Percent’

Leave Congress, Cash In

March 15, 2012

Leave Congress, Cash In

It’s a sad day when our public servants leave the halls of Congress. They cry all the way to the bank. An analysis by Lee Fang finds that when congressmen become lobbyists, their income increases astronomically:

“When a Congressman Becomes a Lobbyist, He Gets a 1,452% Raise (on Average),” Lee Fang, Republic Report

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Congress: The 1 Percent

November 19, 2011

Congress: The 1 Percent

While the U.S. Congress has never been more divided by party, there is something that unites many congressmen and senators. They’re millionaires.

Maybe you’ve heard this, but only about 1 percent of Americans are worth a million bucks. There are 535 congressmen and senators so, statistically, only 5 or 6 of them should be millionaires, right? Nope. Try 250.  That’s nearly half of them. No wonder they’re so reluctant to give up those”temporary” Bush tax cuts for the rich.

More:

“47% of Congress Members Millionaires — a Status Shared by Only 1% of Americans,” Tom Shine, ABC News

“Most Members of Congress Enjoy Robust Financial Status, Despite Nation’s Sluggish Economic Recovery,” OpenSecrets.org

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Short link:  http://wp.me/p6sb6-bBr

Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

Comments are welcome if they are on-topic, substantive, concise, and not boring or obscene. Comments may be edited for clarity and length.

 Add to: Facebook | Digg | Del.icio.us | Stumbleupon | Reddit | Blinklist | Twitter | Technorati | Yahoo Buzz | Newsvine