For the first time ever the majority of Congress are millionaires

[pwaldo]

http://swampland.time.com/2014/01/09...ionaires-club/

The Center for Responsive Politics analyzed the personal financial disclosure data from 2012 of the 534 current members of Congress and found that, for the first time, more than half had an average net worth of $1 million or more: 268 to be exact, up from 257 the year earlier. The median for congressional Democrats was $1.04 million and, for Republicans, $1 million even.

To calculate the net worth of lawmakers, the Center added together members’ significant assets, such as corporate bonds and stocks, then subtracted major liabilities such as loans, credit card debt and property mortgages.

Here’s the breakdown: the median net worth for all House members was $896,000 (Democrats averaged $929,000 to Republicans’ $884,000) and, for Senators, $2.5 million. The median net worth for Senate Democrats was $1.7 million, down from $2.4 million in 2011; for Republicans: $2.9 million, up from $2.5 million in 2011.

[Wickabee]

That's fair representation of the people...

[duane1969]

That's fair representation of the people...

Elected by the people, no less. He who has the most campaign money wins. He who has the most rich friends gets the most campaign money. Only rich people have lots of rich friends. This is simple proof of the reality that elections are bought.