The Irony of American Debt:
If our founding fathers could see the cesspool that the U.S. Congress has become today, they would roll over in their graves. Most Americans don’t realize this, but we already have a “part-time Congress”. Members of Congress only “work” a little over a third of the days on the calendar. The rest of the time they have off.
It is no wonder why so many members of Congress are involved in so much corruption – they have so much free time on their hands that they are bound to get into trouble. Many members of Congress also use their positions of power and the information they learn during the course of their duties to become fabulously wealthy.
At a time when incomes nationally are actually declining, our Congress critters are becoming stinking rich at a staggering pace. Yes, politics in America has always been a game that is funded and played by wealthy individuals, but things have gotten so extreme that it is hard to argue that average Americans have any control over Congress at all at this point.
Instead of a government “of the people, by the people and for the people”, we now have a government “of the wealthy, by the wealthy, and for the wealthy”. If you doubt this, just keep on reading.
“Largely insulated from the country’s economic downturn since 2008, members of Congress — many of them among the “1 percenters” denounced by Occupy Wall Street protesters — have gotten much richer even as most of the country has become much poorer in the last six years”So how wealthy have members of Congress become?
Many of you won’t believe the statistics posted below. The truth is that Congress has become all about money. It takes huge piles of money to get elected to Congress, it takes huge piles of money to stay in Congress, and most members of Congress seem to be able to accumulate gigantic piles of money while “serving” their country….
-Today, there are 250 members of Congress that are millionaires.
-According to the Wall Street Journal, the median net worth of members of Congress is now $913,000.
-The collective net worth of all of the members of Congress increased by 25 percent between 2008 and 2010. Meanwhile, the standard of living in the United States has fallen farther over the past three years than at any other time that has ever been recorded in U.S. history.
-After adjusting for inflation, between 1984 and 2009 the median net worth of members of Congress rose from $280,000 to $725,000 while the median net worth of all Americans actually declined slightly over that same time period.
-The collective net worth of all of the members of Congress is now slightly over 2 billion dollars. That is “billion” with a “b”.
-In 2009, Congress was only scheduled to be in session for 137 days out of the 365 days of the year. In 2010, Congress was also only scheduled to be in session for 137 days out of the entire year. For much more on the pathetic “work schedule” of the U.S. Congress, just check out this video.
-The net worth of House Minority Leader Nancy Pelosi increased by 62 percent from 2009 to 2010. In 2009 it was reported that she had a net worth of 21.7 million dollars, and in 2010 it was reported that she had a net worth of 35.2 million dollars...More>> The Irony of American Debt: How Corrupt, Lazy And Filthy Rich U.S. Congress Members Have Become | The Santos Republic