Our Gilded Congress

Congressional disclosure forms were released yesterday and they show that our elected public servants are doing very well, indeed.

The wealth in Congress knows no party-line boundaries; Republicans and Democrats alike are doing well.  According to the reports, the Minority Leader and Majority Leader in the Senate are both multimillionaires who saw their wealth rise in 2010.  So did the the Speaker of the House and the House Minority Leader.  Other Members of Congress reported on gifts they received and, in one case, a member of Congress paid herself some hefty interest on a loan she made to her own campaign committee.

There are exceptions, of course, and I am not suggesting that only paupers should be elected to the Senate and the House of Representatives.  But when Americans wonder why Members of Congress, at times, seem out of touch with bread-and-butter issues like jobs and housing prices, they might do well to reflect on the vast personal wealth in Congress and the deferential and preferential treatment our elected representatives receive as a matter of course.  It’s easy to downplay the effect of high gasoline prices or unsold homes in middle-class neighborhoods if you have millions of dollars in personal investments to reflect upon as a fellow Senator gives you a ride on her private jet.

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