Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
August 1, 2014

‘Underpaid’ Jim Moran One of the Poorest Members of Congress

moran 030 030114 445x296 Underpaid Jim Moran One of the Poorest Members of Congress

(By Bill Clark/CQ Roll Call File Photo)

Rep. James P. Moran, who has sparked a national debate after saying that lawmakers on Capitol Hill are “underpaid,” is one of the poorest members of Congress after decades in office and a host of financial troubles over the years.

Moran’s latest financial disclosure statement lists a single reportable financial asset to his name — a money market account with $1,000 to $15,000. He doesn’t list any liabilities.

In fact, Moran has been pulling down a second job of sorts, making $10,000 in 2012 for teaching at George Mason University.

He’s not quite poor enough to land him on this year’s Top 10 ‘Poorest’ list, however.

The longtime appropriator has had plenty of financial difficulties in the past — but has at times been a millionaire too, thanks to marriage.

(Related: Jim Moran, John Boehner Sought Congressional Pay Raise Reform as Freshmen)

Moran in 2004 described himself as “the poorest member of Congress” after he racked up hundreds of thousands of dollars in losses from options trading.

The Washington Post reported in 2011 that Moran’s finances tumbled amid his latest divorce, when he went from a millionaire to reporting no financial assets of his own.

In 2000, the Post broke the news that Moran had received a $25,000 personal loan from then-pharmaceutical lobbyist Terry Lierman days before Moran signed onto a bill seeking to extend the patent for Claritin. Lierman at the time of the Post’s story was the Democratic nominee for Maryland’s 8th District then held by Republican Connie Morella.

Moran also came under fire for a $447,000 loan he secured from MBNA at a favorable interest rate a month before he signed on as the lead sponsor of an overhaul of bankruptcy laws.

 

  • thisnamealreadyexists

    Ahh just give it some time. A few terms and you’ll be filthy rich, sir.

    Anyway, why don’t they just build a ‘dorm’ for Congress and make them all live together ? No matter how much money they have, they have to live ‘on campus’. Do their own laundry, cook their own meals. LIve like normal people.

    • imwithstuoopid

      I have always wondered why all of them, Sen and House ,didn’t have something like that, or perhaps a cot in their office, with a hot plate of course.

  • Mudpuppy

    Bloody crook. Where’s the outrage over his criminal activities? He’s a Democrat so he gets a pass. My heart bleeds.

  • Lar5

    The most worthless, do nothing congress in history and he thinks they deserve a raise. What odd thinking. But then again he thinks like a congressman. Me, me me.

  • Hugh Jass

    Where governments are not limited to particular types of action, such as minimizing coercion, their centralized power undermines liberty.

    • stevenharnack

      Got any more pseudo-philosophical babble? I’ll bet that you have veritable manure spreader loads of it.

      • imwithstuoopid

        Well it’s true.

  • RB

    Jim Moron….retire!

  • taxpayer

    get another job

  • taxpayer

    in the words of roy rogers thank god we dont get all the goverment we pay for

    • imwithstuoopid

      Will Rogers, simple mistake, again see Brainyquote dot com for more of his quips on our leaders, also see Mart Twain’s quotes and think of how long ago they said those “truisms”, just shows how far we’ve progressed. (SARC)

  • taxpayer

    amour vicett omnia,never inpower the people who say one thing and do another

    • imwithstuoopid

      And eliminate all of the congress, what would we do for fun then. Besides think of all the Bureaucrats that would be out of work.

  • taxpayer

    Mc Allister has broken the unwriten rule of people in govt you can do as you want just dont get caught

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