How do US senators make money? They spend 5 to 6 million on average on election and get paid 160k?

Where's the upside for senators? Of course 160k may seem like a lot of money to a lot of people, but where's the upside for senators. What are the legal ways, mind you not necessarily moral ways, that senators make money? There's bribery and corruption and then there's stuff that's just as bad, but is legal, what or how is it that they do this? Nuances and subtleties would be helpful. I've asked this question before and have gotten answers that say that the 5 to 6 million are from donors, and that the 160k is theres. Do you really think that millionaire senators care about 160k? What's their motivation? Please don't be so innocent as to suggest "They're doing it for the future of our children". Again legal, whilst not necessarily moral ways senators make money. 10 points to the best.

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  • Anonymous
    1 decade ago
    Favorite Answer

    Many are rich before they enter public life , many get rich while in office and many become even richer after hey leave office. Your average Congressman receives $169,300 a year in salary and they only work about 100 days a year. That is, most can bank about $14,000 a month. They also get free medical and other perks, like book deals, money from back room deals and speaking fees etc. Bill Clinton for instance left office $12,000,000 in the hole and has made over $100,000,000 from his influence peddling and other business dealing from special interest groups etc.. I know of no Congressman who has not profited handsomely from hold public office, at least on the Federal level.

    So remember, as we exchange Presidents and their administrations, let’s also hold our representatives and senators, on both sides of the isle, responsible for their parts in the economic meltdown. The politicians below have been exposed for their unbridled greed, ignoring their fiduciary responsibilities, lying to and deceiving the American people.

    (R) Chris Cox; Chair--Securities and Exchange Commission (SEC)

    (R) Henry Paulson; Secretary of the Treasury

    (D) Barney Frank; Chair--House Finance Committee

    (D) Chris Dodd; Chair--Senate Banking Committee

    (D) Chuck Schumer; Heads Joint Economic Committee

    (D) Richard Syron; CEO--Freddie Mac.

    (D) Frank Raines; CEO--Fanny Mae

    (D) Charlie Rangel; Chair--Ways and Means Committee (W&MC)

    (D) Pete Stark; Chair--W&MC subcommittee on Health

    (D) Sandra Levin; Chair--W&MC subcommittee on Oversight

    (D) Michael McNulty; Chair--W&MC subcommittee on Social Security

    (D) Jim McDermott; Chair--W&MC subcommittee on Income Security and Support

    (D) Richard Neal; Chair--W&MC subcommittee on Selected Revenue Measures

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  • 4 years ago

    2

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  • Anonymous
    1 decade ago

    As others have noted, lots of sources. Family money, investments, corruptiom, but mostly contributions from the monied Special Interests--which these days include a lot of Churches.

    I've long thought that we should make the Members of Congress wear Special Blazers with endorsement patches like the race car drivers. Then it'd be easier to see who their sponsors were.

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  • S P
    Lv 6
    1 decade ago

    Selling books? Made Barack Obama a pretty penny.

    Most senators don't care about anything aside from their own political career.

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  • 1 decade ago

    First of all... many politicians come from family money. Others have made their fortunes as businessmen and lawyers before running for Senate seats. And yes, a large amount DOES come from donators, and not always with corrupts intentions.

    Secondly... though it may not appeal to your cynicism, there are a few politicians who do what they do to make a difference. Others may feel that it is family obligation. I believe most have a sincere pride for their country and want to be a part of it in the most important way. Being a senator is one of the most important positions in our democracy, who doesn't want to be a part of something that big. That is the true meaning of a "somebody".

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  • 1 decade ago

    Why do you think rich CEO's are celebrating while cutting the work force and whining about bankruptcy. Money talks. Why do you think a rich Oil barron like Bush kept oil prices so high while he was in office. It's called politics. The breading ground for corruption.

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  • Anonymous
    4 years ago

    1

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  • Anonymous
    4 years ago

    She probably spends about as much on her clothes as any other average Zulu spends in the same time period.

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  • Anonymous
    1 decade ago

    A lot of sources: one or more of these: donations, corruptions, selling books, interviews, some of them acting. don't worry about them.

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  • 1 decade ago

    They get donors and sponsors from rich people who want them to be the next leaders of the country.

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