Saturday, July 2, 2011

Why is Congress a Millionaires Club?

The evidence is clear: Americans overwhelmingly disapprove of Congress and don't believe their representatives share their priorities.

There's plenty of room for debate over whether Congress shares voters' priorities on political and policy issues. But when it comes to personal priorities, at least, voters have good reason to be skeptical of Congress. Most members of Congress simply don't share in the average American experience.

National unemployment has lingered above 8 percent for longer than 28 straight months. Congress, meanwhile, is a club that consists of 245 millionaires. Based on 2009 data, there are currently 66 in the Senate and 179 in the House (among current voting members). So while just 1 percent of Americans are millionaires, 66 percent of senators are millionaires, as are 41 percent of House members.

Even the 2010 elections, with its promises to "take our country back," produced afreshman class of senators with a median net worth of close to $4 million. The median net worth of freshman House members is more than half a million dollars, according the Center for Responsive Politics, a Washington-based, non-partisan research group that tracks the effect of money on elections and public policy.

Multiple factors contribute to this picture. It begins with campaigns that have become increasingly costly to run, making it all the more difficult for a person of modest income to run for office. National parties, looking for ways to bring down their own costs, actively recruit wealthy candidates.

http://www.cbsnews.com/8301-503544_162-20075586-503544.html