Sen. Charles Schumer, a member of two finance-related committees, spent 16 million dollars in campaign donations in 2007 and 2008, and raised more than 13 million dollars. This was not an election year for Schumer, whose seat is safe until 2010. How he spent the money is unknown, because the Senate passed a law recently that exempts them from having to reveal how they spend their donation money.
Lawmakers who leave Congress are receiving pensions ranging from as little as $14,165 a year for six years’ service to as much as $114,102 a year for more than 30 years’ service.SF Gate
The retirement package includes automatic inflation adjustments and guaranteed access to post-retirement private medical insurance in addition to Medicare protection provided all Americans
congressman can retire with the same pay after serving only one term, or, more painfully and patently unfair, that Congress has exempted itself from all tenets of the Health Care Reform Act just as they’ve exempted themselves from prosecution for sexual
Congress concerns are valid but hypocritical. While wages stagnate and the “official” unemployment rate approaches 10%, Democrats and Republicans found one thing they could readily agree on: a pay raise. Last month the House and Senate voted themselves a $4,700 cost-of-living pay raise, increasing their annual salaries to $174,000. (House Speaker Pelosi and other House Democratic leaders will nobly forgo an increase next year; Senate Majority Leader Reid has said Senate Democratic leaders “plan to.”)
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