Capitol Hill Millionaire’s Club: Rep Jim Moran Complains About Salary

Capitol Hill Millionaire’s Club: Rep Jim Moran Complains About Salary

House Representative Jim Moran is complaining about the wage given to him by American taxpayers.

Moran said: “I think the American people should know the members of Congress are underpaid. I understand that it’s widely felt they underperform, but the fact is that this is the board of directors for the largest economic entity in the world.”

According to this congressional seat holder, members of our House and Senate are not given as much money as other lawmakers.

Apparently some lawmakers sleep in their offices, rent “little” apartments and share housing with other members of the government.

While Congress has not had a raise since 2009, they are still pulling in $174,000 annually.

Moran is upset that this wage does not include the rising cost-of-living.

Contrary to Moran’s complaints, it has been shown that Congressional seat holders make millions of dollars and are not as destitute as they want the American public to believe.

Earlier this year, the Center for Responsive Politics (CRP) released a study which outlines the members of Capitol Hill who are millionaires and sheds light on the fact that the Elite are running the US government.

Out of the 534 members of Congress and the Senate, an estimated 268 are of a net worth of at least $1 million or more.

Statistically speaking, 48% of lawmakers belong to the Millionaire’s Club.

On the whole, the Senate have achieved more financially than the House; however House Representative Darrell Issa has been calculated to be worth $464 million.

The Congressional Millionaire’s Club includes:

• Mark Warner ($257 million)
• Jared Polis ($197 million)
• John Delaney ($154 million)
• Michael McCaul ($143 million)
• Scott Peters ($112 million)
• Richard Blumenthal ($103 million)
• Jay Rockefeller ($101 million)
• Vernon Buchanan ($88 million)
• Nancy Pelosi ($87 million)

In the Senate there is an average mean of $2.7 million and in the House there is an average mean of $896,000.

Seventy-one lawmakers are invested in General Electric (GE).

In fact, when it comes to investments, the top assets lawmakers place their money in are:

• CapitalSouce
• Procter & Gamble
• Trinity Petroleum
• Bridgehealth Medical
• Congressional Bancshares
• Walgreen Co
• Westbrand

“Top interest groups” that are favored by Capitol Hill are:

• Real estate
• Securities & investments
• Commercial banks
• Oil & gas
• Finance/Credit companies
• Manufacturing & distribution
• Pharmaceuticals
• Computers/internet
• Automotive
• Retail sales

While members of Capitol Hill live a privileged life, the average American has a net worth of $68, 828 as of statistical data from the US Census Bureau for 2011.

To clarify the situation , 50% of the lawmakers in Washington, DC are millionaires, while an estimated 1% of the American private sector are purported to be wealthy.

CRP stated: “[T]he fact that now a majority of members – albeit just a hair over 50 percent – are millionaires represents a watershed moment at a time when lawmakers are debating issues like unemployment benefits, food stamps and the minimum wage, which affect people with far fewer resources, as well as considering an overhaul of the tax code.”

Susanne Posel

Susanne Posel

Chief Editor | Investigative Journalist

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