Saturday, September 17, 2011

In an Elitist Congress, Top Lawmakers Are Worth $1.6 Billion

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tdp2664 InvestorPlace As Congress takes up the American Jobs Act in the coming months it will be deciding, among other things, whether or not to extend payroll tax breaks, prevent teachers from being fired, continue to assist the unemployed and spur hiring of the long- term unemployed. This particular package of legislation sits in the midst of Congress' usual array of concerns that effect the average American: raising (or not) the minimum wage, making health care more affordable, preventing foreclosures and ensuring that seniors receive their fixed incomes every month. Given the import of these tasks, it's useful to note how different the financial priorities and experience of Congress are from our own. Or put more bluntly, how out of touch these rich folks are with the vast majority of Americans. The idea of Congress tinkering with American paychecks is akin to a mom watching her kids add change to their piggy banks.



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