House Ways and Means Chairman Charles B. Rangel Suddenly Finds $500K in Unreported Assets


More Hope & Change from the Democratic Party. What a joke and these people are in charge of the Asylum!

It appears that Democrat US Rep Charlie Rangel was cleaning between the cushions of his sofa and found $500,000 of previously unreported assets.


I was just as surprised as you, suddenly I just found this $500,000

House Ways and Means Chairman Charles B. Rangel , already beset by a series of ethics investigations, has disclosed more than $500,000 in previously unreported assets.

Among the new items on Rangel’s amended 2007 financial disclosure report were an account at the Congressional Federal Credit Union worth at least $250,000, an investment account with at least $250,000, land in southern New Jersey and stock in PepsiCo and fast food conglomerate Yum! Brands. None of those investments appeared on the original report, which was filled out by hand and filed in May 2008.

As Betsy’s Page states, these are the very people who write the tax laws that “We the People” have to abide by, yet it would appear that they have an exemption. Why are these politicians continually reelected? They should be in jail. Why is this person still in a position of authority?

How is neglecting to report half your net worth an honest mistake? How long will the Democrats maintain as the lead tax writer a guy who has so many problems accurately getting his own reports filled out correctly?

It must have just slipped his mind, it’s not like he has done this before. Oops, he has. Just another example of the most ethical Congress ever.

According to the original report, Rangel’s net worth was between $516,015 and $1,316,000, while the amended report showed his net worth, as of Dec. 31, 2007, roughly double that amount — at least $1,028,024 and as much as $2,495,000.

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  • Barack Obama Says It’s Time For Charlie Rangel to End Career … Look in the Mirror Mr. President
  • House Votes to Censure Charlie Rangel (D-NY) and Democrats Give Standing Ovation

  • Comments

    11 Responses to “House Ways and Means Chairman Charles B. Rangel Suddenly Finds $500K in Unreported Assets”

    1. Elmer on August 26th, 2009 9:09 am

      Holy cow! I get excited when I find a ten-dollar bill in a pair of britches I haven’t worn for awhile! Can’t imagine what it would be like to find $500,000 I didn’t know I had!

    2. Dolf on August 26th, 2009 9:24 am

      damn, time to clean out the sofa.

    3. rightknight on August 26th, 2009 11:50 am

      I so glad our Charlie found the money in
      time not to get prosecuted for some sort
      of crime or whatever!

    4. Scott on August 26th, 2009 12:03 pm

      More outrage…the House giving their top aides bonuses AT THE EXPENSE OF OUR TAX DOLLARS!

      The hits keep coming:


      A month after they voted to punish some corporate executives for taking hefty bonus payouts, members of the House of Representatives quietly gave their own staffers a new potential bonus by making even their top-earning aides eligible for taxpayer dollars to repay their student loans.

      The change, which took effect in May, means House employees earning up to $168,411, or the top level, are now eligible for government-funded subsidies to help pay down their student loans.

      House officials defend the change as a job-related benefit necessary to keep the government competitive in the hiring market – the same argument corporate chieftains used to defend their own pay scales.

      “There’s still a tremendous demand for high-end Hill talent even in this current job market. Expanding eligibility for the benefit allows us to retain valued and seasoned personnel who might otherwise be lured away to more financially lucrative pursuits,” said Kyle Anderson, a spokesman for the House Administration Committee.

      The committee, which has jurisdiction over internal House employment, salaries and expenses, directed House officials to make the change.

      But taxpayer advocacy groups said that straightforward salary increases – not new perks and bonuses – are the best way to attract and retain talent. Offering bonuses to some of the best-paid Capitol staffers just feeds into popular resentment toward Washington, said Thomas A. Schatz, president of Citizens Against Government Waste.

      “It’s another example of the imperial Congress and setting themselves aside from the rest of the country,” Mr. Schatz said. “It goes along with the congressional jets, the executive jets. It goes along with the travel. It fits in with all the concerns about spending generally in Washington.”

      Although widely used in the federal work force, the job-related perk of paying off an employee’s college bills is rarely offered in the private sector, employment analysts say.

      The move to boost the income cap was made just a month after the House voted 328-93 in March to slap a 90 percent tax on bonuses for executives from companies that took bailout money from the Troubled Asset Relief Program. The Senate never followed suit, and the bill didn’t become law. The salaries and dollar amounts involved in those bonuses were far higher than what’s at stake in the House program.

    5. brie. on August 26th, 2009 3:58 pm

      We have reached beyond ENOUGH!!!!!!!!!!!!!!!!!!!!!!!

    6. Greg the mongoose on August 26th, 2009 5:30 pm

      Put Rangel with Madoff. When the laws of the land only apply to the little people like (John or Mary Public). We have no justice!

      But the Big shots like Rangel, Dodd, Timothy Geithner, ect, ect. Get a free get out of jail card. The USA in not a country of laws. But a kingdom run by a group of greedy thugs. The supreme court has not upheld the laws of the land. They ignore the laws at the highest levels. Why? Because they also are corrupt and have failed the people and constitution.
      They invite a new revolution of truth and justice.
      God Bless America!

    7. Maggie on August 26th, 2009 5:41 pm

      Unbelievable that people keep electing him. One set of laws for them and another set of laws for us. Who in their right mind believes somone has 500 grand in their couch and don’t know it?

    8. SUPER DAVE on August 27th, 2009 7:30 am

      the house only need to look at the nearest incarceration center to find their aides.then they would be an exact match with the white house.
      i thought this was all about creating jobs for the citizens. of course i knew better. there are less jobs now that before the so called stimulus.

    9. norm martz on August 27th, 2009 8:01 pm

      our goverment is corrupt.the united states is now a bannana republic. we need to clean pat bucannan said lock and load.

    10. SUPER DAVE on August 28th, 2009 9:36 am

      this boy has been subjected to too much cigar smoke.

    11. Former Chairman of the House Ways & Means Committee Democrat Charlie Rangel Charged With Multiple Ethics Violations | Scared Monkeys on July 23rd, 2010 7:34 am

      [...] Rangel’s attitude is how dare you ask me such a question even though he has been charged with multiple ethics violations. Instead the Democrat learns that it is the far left leaning MSNBC. Sorry Charlie, but you do need [...]

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