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Rich in Congress

'In the last couple of years, any sense of urgency around getting the economy on track has almost disappeared within Congress. In last year's fiscal cliff debate, for example, there was no strong push from either party to extend a payroll tax holiday or find another mechanism to help out low- and middle-income workers. The debate over the latest fiscal bargaining is all about how to reduce the deficit, with little discussion of interim measures to try to boost growth.

'Members of Congress tend to be relatively wealthy themselves, and tend to associate with big donors and other prominent folks who would also fit in the researchers' survey definition. And to those people, the economy is pretty much back. This helps explain why Congress has seemed less interested in finding ways to propel stronger growth than the overall surveys and economic data would suggest.'

 

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