Roll Call’s annual attempt to rank the riches of Members of Congress is hampered by one fundamental flaw: It is based on the lawmakers’ financial disclosure forms, which are extraordinarily unreliable sources of information.
The disclosure rules allow Members to report assets in broad categories, so there is no way to tell the difference between a $20 million investment and a $5 million investment. The top category on the Members’ forms is “over $50 million,” so it is impossible to accurately account for anything worth more than that — like a professional sports team, for example. There is also a gaping loophole for assets owned by the Members’ spouse or dependent children; anything worth more than $1 million in value can be reported as “over $1 million.” There is no way to tell whether that is $1.2 million or $1.2 billion.
The rules also don’t require reporting things of value that are not used to produce income — most notably any primary residence or other home that is not used for rentals. That loophole removes from most Members’ portfolios hundreds of thousands of dollars and in come cases millions of dollars worth of assets. Airplanes, fancy cars, antiques or other valuable items are not reported.
The 50 Richest Members of Congress
Conyers Demands 'Immediate Halt to Republican Vote Suppression Efforts'
The chairman of the U.S. House Judiciary Committee, Rep. John Conyers', is calling on the John McCain campaign to "immediately halt Republican vote suppression efforts," as seen recently in Michigan --- where a county GOP chair announced his intention to use home foreclosure lists to challenge voter eligibility at the polls on Election Day --- and elsewhere.
Veteran health-care bills languish in Congress
Despite an abundance of tributes to the heroism and patriotism of wounded veterans, Congress might leave town to campaign before acting on key bills to help them.
Some of the delays are due to politics, which angers veterans advocates.
"It's still surprising to me the extent to which you have to fight when everyone in Congress would say they support the troops and they want to help veterans," said Vanessa Williamson, the policy director for Iraq and Afghanistan Veterans of America.
McDermott pushes impeachment
Rep. Jim McDermott, D-Wash., delivered these remarks on the House floor Tuesday:
Mr. Speaker:
For the last two years I have struggled with the issue of whether the House should consider impeachment of a sitting President.
Next to declaring war, impeachment is the gravest matter the House of Representatives must consider.
I fully understand the gut-wrenching consequences such a national debate could precipitate. Yet, there is one fact we cannot overlook or escape.
American cannot regain its moral leadership in the world if America cannot hold its leaders accountable for their actions at home.
The allegations that would warrant impeachment keep growing.
Seeking Details, Lawmakers Cite Anthrax Doubts
A month after the F.B.I. declared that an Army scientist was the anthrax killer, leading members of Congress are demanding more information about the seven-year investigation, saying they do not think the bureau has proved its case.
Americans Lose Homes - Congress OKs $30 Billion Increase In 'Security Assistance' To Israel
Not only that, but they are also arming Saudi Arabia and Egypt.
"The US Congress has approved a 170 million dollar increase in security assistance to Israel as part of its new 10-year, 30 billion dollar defense aid commitment to the Jewish state.
America's pro-Israel lobby, the American Israel Public Affairs Committee, welcomed the congressional action, saying it would increase US aid to Israel to 2.55 billion dollars in fiscal year 2009, up from 2.38 billion dollars this year.
More Articles...
- Speaker Pelosi’s Latest Justification for Barring Impeachment: Bush Would Never Cooperate With His Own Impeachment
- House Panel Gives White House a Week to Provide Documents on Firings
- Judiciary Committee approves resolution holding Rove in contempt of Congress
- Bill to aid paralyzed vets blocked in Senate
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