Note: Members of Congress are capitalizing more than the richest 10%The New York Times reported that while the median net worth of the richest 10 percent of Americans remained essentially flat from 2004 through 2010, the median net worth of members of Congress rose by 15 percent over that same period.
WOW, JUST WOWMembers of Congress are getting richer because so many of them are masterful manipulators of their perks and positions in government. For many, that means making lucrative stock deals based on insider information or participation in special Initial Public Offerings. Or it can mean securing an earmark to build a road that doubles the value of a recently purchased piece of property. In short, wealth can come from having the inside connections, specialized information and privileged access that only comes with being a senator or representative. It's no coincidence that the federal government has grown far more powerful and expensive since President Johnson's Great Society programs exploded government spending. Lessen Washington's power and cost, then the rest of us can get back to pursuing happiness.
Read more at the Washington Examiner: http://washingtonexaminer.com/opinion/e ... z1hqcIGEbE