Wednesday, January 15, 2014

Congressman Moneybags: Darrell Issa and Washington’s epidemic of wealth

Congressman Moneybags: Darrell Issa and Washington’s epidemic of wealth

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Over the holidays, I was watching that old Marilyn Monroe comedy “How to Marry a Millionaire” on Turner Classic Movies (okay, I have no life). This week, a new report suggests (to me, at least)  that if Hollywood were to produce a remake of that 1953 film, the variety of now politically incorrect tactics Ms. Monroe and her friends deploy to land a well-to-do partner could be reduced to one: start dating a member of Congress.
An analysis of personal financial disclosure data by the non-partisan Center for Responsive Politics reveals that “for the first time in history” a majority of senators and representatives are millionaires:
Of 534 current members of Congress, at least 268 had an average net worth of $1 million or more in 2012, according to disclosures filed last year by all members of Congress and candidates. The median net worth for the 530 current lawmakers who were in Congress as of the May filing deadline was $1,008,767 — an increase from last year when it was $966,000. In addition, at least one of the members elected since then, Rep. Katherine Clark (D-Mass.), is a millionaire, according to forms she filed as a candidate. (There is currently one vacancy in Congress.)

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