Way to go, America

Jump to Last Post 1-6 of 6 discussions (28 posts)
  1. Petra Vlah profile image59
    Petra Vlahposted 11 years ago

    According to a new report in The Washington Post, the median net worth of the current Congress rose 5% during the recession while it fell 39% for the average American. The wealthiest one-third of lawmakers saw their net worth rise 14%.
    The Washington Post disclosed these statistics in a recent story on the wealth gap between Congressional members and the American public.
    "These are supposed to be our representatives," says The Daily Ticker's Aaron Task. "If they're not living the same lives or understanding the lives that the average American is living, how can they really represent our interests?"
    The Post analyzed the financial disclosure forms and public records for all Congressional members from 2004 to 2010. Some key findings of the report are:
    By 2010, the median estimated wealth for members of the House of Representatives was $746,000; for senators it was $2.6 million.
    There was virtually no difference between the wealth of Republicans and Democrats in 2010. Just six years earlier, the net worth of Republicans was 44% higher than the net worth of Democrats.
    28% of Congress, or 150 members, reported earning more income from outside jobs and investments than from their Congressional salary of $174,000.
    27% of Congressional members saw a decline in their net worth between 2004 and 2010.

    1. rhamson profile image71
      rhamsonposted 11 years agoin reply to this

      I don't see how the correlation between public service and getting rich in congress could possibly be denied. The greed and cronyism is what sustains them while the payoffs and backroom deals is where it pays off. These slime bags are not worth the time of day to consider as public servants but should be convicted and sentenced to treason for their selling out the American voter.

      We the voters are just as responsible as we keep feeding on the lies and crap coming out of their mouths to only find that nothing changes. The top keeps helping those at the top and negative contracts keep them all so safe.

      Term Limits,
      Publicly Financed Campaigns,
      Lobby Reform.

      These are our only hope and salvation for our country.

    2. GNelson profile image61
      GNelsonposted 11 years agoin reply to this

      It is a fact that most those in Washington who pretend to government us do not have a clue how the rest of us live.  Get the big money out if politics and redistricting so that there are fair elections would fix most of the problems.

    3. gmwilliams profile image85
      gmwilliamsposted 10 years agoin reply to this

      Yes, I read this and am totally incensed about it.   As I have reiiterated, politics is a game.   The average politician is in politics for the fame and adulation they are going to receive.    Also, politics is a surefire way for a person to become wealthy if the person is elected to a high level political office such as mayor, senator, vice president, and/or president.     Both Democrats and Republicans play this game.    Many politicians are not in politics to help and/or serve humanity, they are in politics for the LONG TERM GAINS so to speak.

  2. profile image0
    JaxsonRaineposted 11 years ago

    Wouldn't it be cool if politicians declined a salary, especially during tough times?

    1. Petra Vlah profile image59
      Petra Vlahposted 11 years agoin reply to this

      Dream on

      1. profile image0
        JaxsonRaineposted 11 years agoin reply to this

        Hey, it happens. Look at Romney. He didn't take salary as governor, and he apparently paid his own personal and political travel costs. It happens, and we should encourage more of it.

        1. Petra Vlah profile image59
          Petra Vlahposted 11 years agoin reply to this

          For Romney a governor's salary is less than loose change so he can easily afford to play "generous" for the "good of the state" while keeping his money overseas and barely paying taxes on his fortune

          1. profile image0
            JaxsonRaineposted 11 years agoin reply to this

            Ok, let me get this straight.

            It's bad for politicians to draw salary when Americans are suffering.

            But if one of them doesn't, then that doesn't really matter?

            1. Repairguy47 profile image62
              Repairguy47posted 11 years agoin reply to this

              Don't point out their skewed logic it makes them angry.

              1. profile image0
                JaxsonRaineposted 11 years agoin reply to this

                I just wish there were more habee's in the world.

                Notice that Romney gets NO credit from the left for:

                Donating 10-20 hours a week for a decade to his church.
                Taking over the Olympics for his own personal glory(no pay).
                Working as governor for no pay.
                -balancing the budget as governor.
                -reducing unemployment as governor.
                -keeping his campaign promises as governor.
                -taking the state from 50th to 28th in job creation as governor.
                -making the state 1st in education as governor.
                Earning his fortune himself, after donating his inheritance to a university.
                Saving dozens of companies from closing down.
                Paying more taxes in one year than most people will in 300 years.

                They can put a negative spin on anything he does or has done.

                1. MrBecher profile image62
                  MrBecherposted 10 years agoin reply to this

                  The left can put a negative spin on puppies. It's sick.

                  On a somewhat relevant side note, it's too bad the Republican establishment had such a grubby grasp on Romney because outside of party influence (as an R, I'm sickened by the party), I would love to see him as President.

                2. MelissaBarrett profile image58
                  MelissaBarrettposted 10 years agoin reply to this

                  I appreciate the things he's done.

                  Does that make you feel better?

                  No one is all bad afterall.

                  I still wouldn't vote for him... but he has done some good stuff.

            2. Petra Vlah profile image59
              Petra Vlahposted 11 years agoin reply to this

              Sure is better than nothing, but let's remember that Romney and the rest of our "trusted" politicians DO NOT live in luxury from their salary, but from the deals they make using their connections (inside trading, unusually advantageous real estate acquisitions,  lobbyist and special groups under the table donations - just to name a few)

              1. Repairguy47 profile image62
                Repairguy47posted 11 years agoin reply to this

                Yeah, I'm pretty sure Romney made his fortune in business.

              2. profile image0
                JaxsonRaineposted 11 years agoin reply to this


                How did Romney make his money from inside trading, unusual real estate acquisitions, lobbyists, or special interest groups?

              3. MrBecher profile image62
                MrBecherposted 10 years agoin reply to this

                So basically all rich people break the law. Even though they're the ones that make the law. Interesting.

                I think it's more realistic to say that through connections they had with other wealthy people, they successfully became wealthy themselves through perfectly legal means in an economic system where some get ahead and others do not. Nothing wrong with being wealthy.

    2. profile image0
      Motown2Chitownposted 11 years agoin reply to this

      I'd just like to see them live on what the average, working American family is bringing home.  And, THEN, make this a country where everyone can actually live equally.  You'd quickly see the 'median' income of Americans go up in that case, I think.

  3. Backwater Sage profile image58
    Backwater Sageposted 11 years ago

    It's like this . . . our founding fathers were wealthy elite who sacrificed (or at least risked) their fortunes to create government by and for the common citizen. Nevermind that they unlawfully confiscated the land from the original inhabitants, and owned slaves, they invested in an ideal. Now, I guess the common citizen makes sacrifices to invest in the ideal for the elite.

  4. Pearldiver profile image69
    Pearldiverposted 11 years ago

    Hi Petra..... Apparently the new Shark Repellant will be released next year after having been trialled on Stingrays, Sand Sharks and Retired Politicians.... see... there is ho-ho-hope after all big_smile

    1. Petra Vlah profile image59
      Petra Vlahposted 11 years agoin reply to this

      A good supply of rat poison would also come on handy, although cleaning up the most infested city in the world will not be easy (but could be fun LOL)

  5. Shadesbreath profile image80
    Shadesbreathposted 11 years ago

    The salary is a pittance, and none of them would care if they didn't get it. The perks are where the value is, and the lifetime retirement and benefits and, most of all, access to politicians when they go back to money-making careers.

    The system is completely broken and won't be fixed until a major catastrophe comes along. That's just how it is. The middle class is too busy trying to hold on to what it has left to make the waves necessary to fix anything. And what else can they do? To make the waves necessary to fix it will destroy them, so, in essence, they'd have to bring about the catastrophe themselves.

    It's sort of like you live in a house with really old and really bad wiring. You know its bad, because you've blown out two computers and have had to flip breakers when the power went out during the last few big parties you had. You are afraid that at some point it's going to start a fire that will gut the house. You also know the only way to fix it is to pretty much gut the entire house, ripping out all the walls and rerunning all the electrical. Both choices, do something or do nothing, have the same problem: the gutting of the house. So rather than fix it, you buy a surge protector and stop throwing parties. Maybe you'll win the lottery or something and can afford the repair with no inconvenience, or just move out.

    That is America. The sad patches on our healthcare system and bank bailouts are the surge protectors, and education represents the parties we no longer have. For some cities, cops and firefighters are also parties we no longer have. Nobody is going to vote for tearing it all down and rewiring it, so instead we are going to wait for it to burn.

    1. Repairguy47 profile image62
      Repairguy47posted 11 years agoin reply to this

      Salary may be a pittance but its only Republicans that ever seem to give it up.

      1. Petra Vlah profile image59
        Petra Vlahposted 11 years agoin reply to this

        Could you name a few of those republican "patriots"?

        1. Repairguy47 profile image62
          Repairguy47posted 11 years agoin reply to this

          Mitt Romney Ron Paul. Can you name a single democrat?

      2. Quilligrapher profile image75
        Quilligrapherposted 11 years agoin reply to this

        Michael Bloomberg - Mayor New York City
        Democrat (until 2001)
        Republican (2001–2007)
        Independent (2007–present)

        Annual Salary: $1.00

        http://www.paywizard.org/main/VIPPayche … ansalaries

  6. MrBecher profile image62
    MrBecherposted 10 years ago

    Can we please remember that the recession was caused by a housing bubble which lead to a lot of home loan defaults... in other words, many people (enough to supposedly almost crash the economy) had a huge portion, if not the majority of it, of their worth disappear.

    So yes, naturally there was a large decrease in net worth of the average American when there was a huge drop in property ownership, a huge jump in unemployment, all on top of a general shrinkage of the economy... this statistic is not surprising, nor alarming.

    1. Moderndayslave profile image60
      Moderndayslaveposted 10 years agoin reply to this

      The recession was actually caused by loose lending standards of our financial institutions which in turn repackaged these loser loans(they knew it) into investments that took everyone associated with them down. With the exception of the banks that issued them, that's why AIG went under. We bailed out AIG so the big banks could get paid on their bets at 100 cents on the dollar. The banks bet on the fact they would fail. The myth that the Govt forced the banks to loan the money is just that a myth. The banks never saw a fee they didn't like. To this day the only people to pay for this mistake is the general population. Let the screwing continue


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://corp.maven.io/privacy-policy

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
ClickscoThis is a data management platform studying reader behavior (Privacy Policy)