Wednesday, December 28, 2011

Now, it is clear why Congressmen are so out of touch with a majority of Americans

Now, it is clear why Congressmen are so out of touch with a majority of Americans.–KAS for President

Report: Gap Between Americans, Congressional Representatives Grows Considerably Over Last 25 Yearsby Democracy Now

A new investigation by the Washington Post has revealed the financial gap between Americans and their representatives in Congress has widened considerably over the past 25 years. Between 1984 and 2009, the median net worth of a member of the House more than doubled from $280,000 to $725,000 in inflation-adjusted 2009 dollars. Over the same period, the wealth of an American family has declined slightly, with the comparable median figure sliding to just more than $20,000. A key reason for the shift is the soaring cost of political campaigns. According to the Federal Election Commission, since 1976, the average amount spent by winning House candidates quadrupled in inflation-adjusted dollars, to $1.4 million.

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