Income inequality

 

Congressman Jim Moran and family visit constituents

Congressman Jim Moran and family visit constituents

Congressman bemoans the $174,000 pay he and his colleagues receive: “it’s not enough to live on”.

Democratic Rep. Jim Moran is taking up the cause of underpaid members of Congress, saying their six-figure salaries are insufficient to cover the cost of living in Washington, D.C.

“I think that the American people should know that the members of Congress are underpaid,” Moran told Roll Call. “And you know, I understand that it’s widely felt that they underperform, but the fact is that this is the board of directors for the largest economic entity in the world, and a lot of members can’t even afford to live decently when they’re at their job in Washington.”

Of course, like all Congressmen, Moran has found it easy to supplement his income with a a second job:

Moran has been accused of using his position in Congress for his own financial gain. In 2002, he supported a bill to overhaul the bankruptcy laws that was being heavily advocated by MBNA Corporation of Delaware, a credit card company who was found to have loaned Moran $447,500 “on what appeared to be highly favorable terms,” according to a New York Times article from the time.

Moran has also been accused — by author Peter Schweizer — of insider trading, allegedly using information he obtained in a congressional hearing to make more than 90 trades in a single day ahead of the 2008 financial collapse. Moran has denied wrongdoing.

Moran  is retiring at the end of the year, and will undoubtedly make many more millions as a lobbyist, thank God, so he’ll finally be able to afford decent lodging – perhaps he’ll be a neighbor of Chris Dodd.

 

 

 

6 Comments

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6 responses to “Income inequality

  1. Anonymous

    This guy is a well known creep typical of all too many in Congress. Well nigh time to go and then some. Looks like many of these Congressionals will need to reduce their standard of living to serve. After all, public service does require some sacrifice, that is part of the job! If you can’t hack it, let some other public servant take your place. Fat chance with all the campaign and slush fund $$$ to be had when in Congress!

  2. Al Dente

    Here’s the poor slob’s work calendar:

    Click to access 113thCongressSecondSession.pdf

  3. FF

    It’s interesting that Moran hails from a district of easy commute to the Capitol, yet he needs more money. However, he has a bit of a point because of the demands placed on the presence of congresspersons. We don’t want them to cheat, so they pay all their taxes regardless of deductions. They’d be too terror filled to take them, so they net about 100k. We don’t want them to go Washington, so they have to keep two homes so even two hovels at 1500 a month they’re down to 64k. We insist they be well dressed, drive American cars with fuel efficiency, give to their charity or church of choice, and hopefully have two children.
    If that’s what people want, then anyone in congress can’t advance to retirement, advance a career, save, or anything like that. Yes, it should be a privilege but you can’t expect “normal” people not to feel intense pressure in the most basic life issues and if you ask me we need more “normal” people in DC and less millionaires, retired people searching for something to do or political junkies who think of nothing else like a priest giving marital advice. So Moran’ s not wrong by definition

  4. jB

    One solution: congressional dorms.