Monday, September 14, 2009

Top Ten Richest Lawmakers in Washington (2 out of 10 are Republicans... You Know, the Party of the Rich)

This is another myth buster. It is in fact an update to a well-known myth... that Republicans are the party for the rich and Democrats are the party for the poor. You also must come to the conclusion as well that all those "tax-loopholes" that these rich Dems speak about in an ominousness tone that they must overcome in order to bilk the rich of their tax returns, that they themselves are using as well. Come on. Who's first (and keep in mind he wasn't intelligent enough, hard-working enough, or entrepreneurial enough to earn this... he married into it?)

1. Sen. John Kerry (D-Mass.)
$167.55 million

Kerry once again ranks atop the 50 Richest Members of Congress, even as his financial disclosures show his reported holdings shrank by 28 percent in 2008.

The Massachusetts Senator reported a reduction of more than $64 million from his coffers, including the sale of a “Heinz Family Commingled Stock Fund” valued at $22.3 million in the previous year. Kerry also increased his debts to a total of $47.86 million with the addition of four new liabilities worth more than $1 million each.

Since the bulk of Kerry’s wealth is actually his wife’s money, he has dozens of assets listed as simply “over $1 million,” the category reserved for spouse assets. But even the lack of detail provides some hint of the losses: In 2007 Kerry reported more than 180 of these “over $1 million accounts”; in 2008 there were only about 130