12 facts that will blow your mind (political)

Steinhauer

Steinhauer

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12 Facts That Will Blow Your Mind – Federal Employees And Members Of Congress Are Getting Rich While Those Of Us Who Pay Their Salaries Suffer


#1 According to an article in the Hill, House Speaker Nancy Pelosi's net worth soared from $13.7 million in 2008 to $21.7 million in 2009.

#2 In 2005, 7420 federal workers were making $150,000 or more per year. In 2010, a whopping 82,034 federal workers are making $150,000 or more per year. That is more than a tenfold increase in just five years.

#3 More than half of the members of the U.S. Congress are millionaires.

#4 The total compensation that the U.S. government workforce is going to take in this year is approximately 447 billion dollars.

#5 Today, all members of Congress earn at least $175,000. This is far, far more than the average American makes.

#6 60 percent of the federal government workforce is represented by labor unions.

#7 The median wealth of a U.S. Senator in 2009 was 2.38 million dollars.

#8 In 2005, the U.S. Department of Defense had just nine civilians earning $170,000 or more. When Barack Obama took office, the U.S. Department of Defense had 214 civilians earning $170,000 or more. In June 2010, the U.S. Department of Defense had 994 civilians earning $170,000 or more.

#9 Insider trading is perfectly legal for members of the U.S. Congress - and they refuse to pass a law that would change that.

#10 According to a recent study conducted by the Heritage Foundation, federal workers earn 30 to 40 percent more money on average than their counterparts in the private sector.

#11 When you factor in such things as retirement and health care benefits, the compensation gap between federal workers and private sector employees gets even larger. Just consider the following quote from the Heritage Foundation study mentioned above....

"Including non-cash benefits adds to this disparity. The average private-sector employer pays $9,882 per employee in annual benefits, while the federal government pays an average of $32,115 per employee."
#12 The personal wealth of members of the U.S. Congress collectively increased by more than 16 percent from 2008 to 2009.
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Just because my mind isn't blown doesn't mean I agree with it. :cool:
 
Insider trading within the Congress is legal?! :eek3:

No wonder many people in Congress gets richer each day whereas majority of Americans are worse off especially at this time.
 
Miss-Delectable said:
Insider trading within the Congress is legal?! :eek3:
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it's a misconception.

March 3, 2006 - STOCK Act Fact Check - Congresswoman Louise Slaughter
MYTH: Congressional insider trading is already a violation of current insider trading laws.
FACT: Just as anyone else, Members of Congress and staffers are subject to current insider trading laws. However, current insider trading laws do not apply to nonpublic information about current or upcoming congressional activity.

EXAMPLE 1
The CEO of Company A is in a private meeting in the office of Congressman B. During the meeting, Company A's CEO tells Congressman B that there recently launched product is defective and that they are going to announce next week a full recall of the product. This information has not been shared with the public. After the meeting, Congressman B sells all of his stock in Company A. THIS IS ILLEGAL UNDER CURRENT INSIDER TRADING LAWS.

EXAMPLE 2
Congressman B learns that the Chairman of the Appropriations Committee has decided to provide a multi-million dollar defense contract for Company A in the Defense Appropriations bill. This information has not been released to the public, but will almost certainly drive Company A's stock price up when it becomes public knowledge. Congressman B buys stock in Company A. THIS IS NOT ILLEGAL UNDER CURRENT INSIDER TRADING LAWS, AND IS WHAT THE LEGISLATION ADDRESSES.
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Miss-Delectable said:
No wonder many people in Congress gets richer each day whereas majority of Americans are worse off especially at this time.
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their wealth isn't paid by taxpayers. It's from their private businesses (consultation, speaker/public appearance fee, book deal, donations, etc.) and investments.
 
as usual.... OP's full of misleading errors... :wave:
 
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