House Speaker Mike Johnson’s Debt Shows Why We Should Pay Congress More

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House Speaker Mike Johnson’s Debt Shows Why We Should Pay Congress More
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A lawmaker’s lack of wealth doesn’t necessarily mean they’re primed for corruption. But it is an opportunity to look at why the filthy rich dominate our government.

This presumably either suggests something untoward or that his accounts simply do not add up to the $5,000 disclosure threshold., “...several ethics experts offered another reason: Johnson is terrible at managing the money he makes and may be in massive debt.”

“Barring evidence that Johnson has done something unethical, it might be more appropriate to celebrate that at least one of the 435 members of Congress isn’t a filthy rich politician.” As you might imagine, the money tends to come, not from salaried employment, but from marriage, inheritance, and investments (see former Speaker Nancy Pelosi, who has profited handsomely from, Johnson appears “to not have even a single dollar in the stock market, a savings account, or a retirement plan.”

And, as noted previously, some members of Congress have to either sleep in their office or have alternate housing in Washington, D.C., which is, are “not required to reveal the value of their homes, the salaries of their spouses or money kept in non-interest-bearing bank accounts, and their congressional retirement plan.”

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