Tuesday, December 27, 2011

Congressional Wealth Growing Faster Than Top 1 Percent

The New York Times this morning tells us this, which we deeply suspected:

"Largely insulated from the country’s economic downturn since 2008, members of Congress—many of them among the '1 percenters' denounced by Occupy Wall Street protesters—have gotten much richer even as most of the country has become much poorer in the last six years ...

"... While the median net worth of members of Congress jumped 15 percent from 2004 to 2010, the net worth of the richest 10 percent of Americans remained essentially flat. For all Americans, median net worth dropped 8 percent, based on inflation-adjusted data ..."

(Cartoon: www.golocalprov.com)

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