Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

When most Congresspeople are millionaires, what sense is making their health insurance lifetime?

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
closeupready Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-20-09 12:28 PM
Original message
When most Congresspeople are millionaires, what sense is making their health insurance lifetime?
Were you aware that even after leaving Congress, an ex-Congressperson can continue availing themselves of the taxpayer-financed health insurance (which is available to sitting Senators and House members)?

They should have to give that up once they leave Congress.
Printer Friendly | Permalink |  | Top
Captain Hilts Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-20-09 12:30 PM
Response to Original message
1. AND news commentators. ALL millionaires. nt
Printer Friendly | Permalink |  | Top
 
closeupready Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-20-09 12:34 PM
Response to Reply #1
3. Yes. Exactly my point.
Even though news commentators are generally not eligible for the same taxpayer-financed health insurance which former members of Congress are, they make $84 million over three years (or whatever it is) - surely they can pay for their own health insurance, no?
Printer Friendly | Permalink |  | Top
 
Cleita Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-20-09 12:33 PM
Response to Original message
2. If they are all millionaires, why do we even give them health care?
Let them go scrounge for a plan like the rest of us do.
Printer Friendly | Permalink |  | Top
 
closeupready Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-20-09 12:35 PM
Response to Reply #2
5. Yes, that's the $64K question. ARE we giving it to them, or did they just decide to bill us?
Isn't that taxation without representation?
Printer Friendly | Permalink |  | Top
 
AndyA Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-20-09 12:34 PM
Response to Original message
4. And the real question here is HOW did all these Congresspeople get to be millionaires?
The job certainly doesn't pay that much. They don't all come from wealthy families. WHERE DOES THE MONEY COME FROM? How do they get it while being in Congress?

HOW does it happen? :shrug:
Printer Friendly | Permalink |  | Top
 
closeupready Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-20-09 12:37 PM
Response to Reply #4
6. The Clintons, we learned during the primaries, are worth about $300 million.
Since the President doesn't even make half a million (or didn't when Bill was serving), and neither of them worked on Wall Street, it is an interesting question to ponder.
Printer Friendly | Permalink |  | Top
 
Captain Hilts Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-20-09 12:48 PM
Response to Reply #6
7. They left the White House pretty strapped for cash. Most prez's do, though
Edited on Tue Oct-20-09 12:49 PM by Captain Hilts
GWB's salary was twice that of Clinton. Clinton was earning Nixon's salary!

The Roosevelts and Trumans lost money. FDR counted on his mother and Eleanor earned about $75K a year and gave most of it away. Eleanor also never accepted her widow's pension.
Printer Friendly | Permalink |  | Top
 
Raster Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-20-09 12:58 PM
Response to Reply #6
9. No, they are not.
http://money.cnn.com/galleries/2007/moneymag/0712/gallery.candidates.moneymag/index.html

Clinton's money
Net Worth: $34.9 million

Where she got it

When Bill Clinton first ran for President in 1992, Hillary provided most of the couple's income working for the Rose law firm in Little Rock; he earned only $35,000 a year as governor of Arkansas.

Although she takes in $165,200 a year as a senator, these days Bill is breadwinner-in-chief. His presidential pension is $201,000 a year, and he grabbed a $12 million advance for his 2001 memoir, "My Life." (Her "Living History" won an advance of $8 million and $7 million in royalties.)

But it's been Bill's great gift for gab that has really feathered the Clintons' nest. He earned an astounding $41 million speaking to groups and corporations in the first six years since he left office. Standard fee: $150,000. The fact that he may be married to the next President can only burnish his star power.

This was from a MONEY article in 2007. Most estimates place the Clinton fortune TODAY at approximaty $40 to $50 million.
Printer Friendly | Permalink |  | Top
 
closeupready Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-20-09 01:06 PM
Response to Reply #9
13. Okay, so I'm off by a single zero. Big deal.
:rofl:
Printer Friendly | Permalink |  | Top
 
Raster Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-20-09 01:11 PM
Response to Reply #13
15. Yes. One little zero. So inconsequential, eh?
Printer Friendly | Permalink |  | Top
 
closeupready Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-20-09 01:23 PM
Response to Reply #15
18. LOL, exactly.
:D ;) I never claimed to be good at math, you know! :mad: :rofl:
Printer Friendly | Permalink |  | Top
 
Ruby the Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-20-09 12:56 PM
Response to Reply #4
8. They write books?
Printer Friendly | Permalink |  | Top
 
JVS Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-20-09 01:02 PM
Response to Reply #8
11. They are hired to speak and paid a hefty fee for giving the speech, which the provider of the fee...
doesn't really care about, just as long as they get to hand over that big check
Printer Friendly | Permalink |  | Top
 
Captain Hilts Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-20-09 01:01 PM
Response to Reply #4
10. Being wealthy is also a great way to get in. nt
Printer Friendly | Permalink |  | Top
 
Kansas Wyatt Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-20-09 01:13 PM
Response to Reply #4
16. My Dad always used to say...
Bob Dole worked in public service his entire life, but he became a millionaire.
Printer Friendly | Permalink |  | Top
 
Ruby the Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-20-09 01:04 PM
Response to Original message
12. I would think a good chunk of them are on Medicare already
Printer Friendly | Permalink |  | Top
 
Kansas Wyatt Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-20-09 01:11 PM
Response to Original message
14. They should have the very same deal that average Americans have.
Screwed over, chewed up, and spit out to rot away.

People in Congress just do NOT get that Americans do not have the same luxuries and privileges that they have offered and given to them. And if they do know, then they do not give a shit about the people they claim to represent.
Printer Friendly | Permalink |  | Top
 
GMA Donating Member (467 posts) Send PM | Profile | Ignore Tue Oct-20-09 01:18 PM
Response to Original message
17. I've been asking this
for a long time (ok, so not here, but still...). As far as I can see NO ONE is happy with getting a bill please any bill passed. Those serving in Congress have no skin in the game at all.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu May 02nd 2024, 09:13 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC