Another rat scandal: subsidized rents for rat politicians

New York Times via MSNBC ^ | July 10, 2008 | DAVID KOCIENIEWSKI

[businessprofessor]

While aggressive evictions are making rent-stabilized apartments increasingly scarce in New York, Representative Charles B. Rangel is enjoying four of them, including three adjacent apartments in a sprawling penthouse overlooking Upper Manhattan, courtesy of one of New York’s premier real estate developers. ...

Mr. Rangel is not the only prominent resident with a rent-stabilized apartment at Lenox Terrace. Gov. David A. Paterson told The New York Sun in May that he pays $1,250 for a rent-stabilized two-bedroom apartment in the complex that rents for $2,600 or more at market rates. ...

[Fundamentally Fair]

Are you defending the US Congress in their 'protection' of Americans? or are you purporting the US Congress is altruistic?

I'm saying that posting a picture of a 9-11 victim falling from one of the towers right next to lemmings falling over the cliff is twisted.

[Admin Moderator]

Please do not change headlines - post the original headline.

[Diogenesis]

On the mere chance of misinterpretation, it is reposted.

THE US CONGRESS:

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..... AND THE CONSTITUENTS (VICTIMS) OF THE US CONGRESS:

[businessprofessor]

Do you really think so? He's had an income of over $100,000 per year (in inflation-adjusted terms) for nearly four decades, and his net worth is a measly $1.2 million? I'd say this is evidence he is a fool who squanders his money. No wonder he squanders ours too.

His net worth is vastly under reported, a typical Congressional trick. The value of his Congressional pension and associated retirement benefits is millions of dollars. These rent subsidized units are another benefit not showing on his income or net worth. The IRS should investigate this scam. He should owe thousands in taxes on this gratuity. Please do not indicate that he is a poor Congress critter. He has milked the system to its fullest and put on a fascade as a poor working stiff.

[Gritty]

Speaking of our crooked public "servants" in Washington, how is the investigation and prosecution into the sweetheart mortgage deals set up by the Countrywide CEO for Committee Chairmen Dodd and Conrad proceeding? Oh,... it's not?

Anybody who thinks this little caper of Charlie Rangel is going anywhere, raise your hand?

I didn't think so.