Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Millionaire VP pick: Paul Ryan rich from investments, inheritance
The Los Angeles Times ^ | August 12, 2012 | By Michael Finnegan

Posted on 08/12/2012 8:56:36 AM PDT by Oldeconomybuyer

With business investments and a family inheritance, Rep. Paul D. Ryan of Wisconsin and his wife have accumulated millions of dollars in assets and generated income last year well above his congressional salary, according to his most recent financial disclosure statement.

Mitt Romney’s newly announced running mate reported assets in the range of $2 million to $7.7 million. The largest was the interest that his wife, Janna, holds in a trust resulting from the 2010 death of her mother, Prudence Little. Her interest in the trust falls in the range of $1 million to $5 million, Ryan reported.

Ryan also reported investment income that, along with a distribution from the inheritance, supplemented his $174,000 congressional salary – somewhere between $168,000 and $1.2 million.

Members of Congress disclose their income and assets in ranges rather than precise amounts.

(Excerpt) Read more at latimes.com ...


TOPICS: Constitution/Conservatism; News/Current Events; Politics/Elections; US: California
KEYWORDS: classism; election2012; journalism; ryan; ryanvp; ryanwealth; socialism; vpryan
Navigation: use the links below to view more comments.
first 1-5051-76 next last

1 posted on 08/12/2012 8:56:45 AM PDT by Oldeconomybuyer
[ Post Reply | Private Reply | View Replies]

To: Oldeconomybuyer

Can anyone guess what the ‘rats opposition meme will be? Anyone? :-)


2 posted on 08/12/2012 8:59:12 AM PDT by Nervous Tick (Love the cult, respect the leader, but I simply can't drink the koolaid and die.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

Interesting how the lame stream media never misses and opportunity to report how “rich” Republicans. They are very silent on the subject when it comes to dimoKKKRATS.


3 posted on 08/12/2012 8:59:52 AM PDT by Parley Baer
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer
OK, sheeple, repeat after me:

Paul Ryan, baaaaaad! Because he married a well-to-do woman that had a modest inheritance.

John Kerry, gooood! Because he married a rich widow who had an inheritance worth a billion.

4 posted on 08/12/2012 9:01:13 AM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

HaHaHa.

And the Obamas have become millionairs, too.


5 posted on 08/12/2012 9:01:13 AM PDT by nuconvert ( Khomeini promised change too // Hail, Chairman O)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

Regarding Obama’s book millions: you didn’t write that!


6 posted on 08/12/2012 9:03:14 AM PDT by Huskrrrr
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

The same can be said for 90% of congress. Nancy Pelosi’s net wealth has increased some 2300% since she entered congress.


7 posted on 08/12/2012 9:03:18 AM PDT by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer
living the American dream

what's the problem?

.

8 posted on 08/12/2012 9:03:41 AM PDT by Elle Bee
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

Why doesn’t the media ever attack Obama’s wealth, or Pelosi’s, or Reid’s, or Clinton’s, or Kerry’s etc. (which makes Ryan look like a pauper, btw). Their hypocrisy is mind blowing. Also, they certainly didn’t highlight Palin’s middle classness in 2008.


9 posted on 08/12/2012 9:04:16 AM PDT by KansasGirl ("If you have a business, you didn't build that. Somebody else made that happen."--B. Hussein Obama)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

Dems prefer politicians who are rich through graft and corruption.


10 posted on 08/12/2012 9:05:22 AM PDT by Hunton Peck (This too, shall pass, unless we're in Harry Reid's Senate and "this" is a budget.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

Quit falling for all of the bullshit the demonazis are throwing at you! The more they flail and flounder and whine, the more we know we’re hitting them where it hurts! I’ve learned to tune out their incessant verbal assaults a long time ago. Get behind your champion, and follow them to the end.


11 posted on 08/12/2012 9:06:18 AM PDT by factoryrat (We are the producers, the creators. Grow it, mine it, build it.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

Good! I like a man or woman who knows how to make money work, rather than do like idiot Obama and his wife who think money means an endless vacation.


12 posted on 08/12/2012 9:07:10 AM PDT by pallis
[ Post Reply | Private Reply | To 1 | View Replies]

To: cripplecreek

Makes you wonder how many do it for the money since you can really rake in the dough through the connections made.


13 posted on 08/12/2012 9:07:30 AM PDT by rwfromkansas ("Carve your name on hearts, not marble." - C.H. Spurgeon)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Oldeconomybuyer

Joe Biden's house (front and back) - at the time he was announced as VP four years ago. Enough said.

14 posted on 08/12/2012 9:07:38 AM PDT by SamAdams76
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer
Millionaire presidential pick: John Kerry rich from marriage, inheritance

"Spike that story!! Get that off the air!!! Who did that?!! We want to know, now!!" MSM editors.

15 posted on 08/12/2012 9:08:41 AM PDT by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer
feh...
16 posted on 08/12/2012 9:08:59 AM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer
His Wikipeda profile has already been scrubbed to eliminate past references about growing up poor to be replaced by this:

Early life, education, and career


Ryan was born and raised in Janesville, Wisconsin, the youngest child of Elizabeth A. "Betty" (née Hutter) and Paul Murray Ryan, a lawyer.[6][7][8] He is of Irish and German ancestry,[9] and is a fourth-generation Wisconsin native.[9] His great-grandfather, Patrick William Ryan (1858–1917), founded the Ryan Incorporated Central construction business in 1884.[10][11][12] Ryan's grandfather was appointed U.S. Attorney for Western Wisconsin by then-President Calvin Coolidge.[13]

Growing up, Ryan and his family often went on hiking and skiing trips in the Colorado Rocky Mountains.[7][13] Since Ryan shares his first name with his father and to avoid confusion while growing up he went by the nickname, "P.D." (Paul Davis) but it was often mistaken for 'Petey' making Ryan dislike it.[14] Ryan was only 16 when he found his father lying in bed dead. Ryan's father, grandfather and great-grandfather all died from heart attacks at ages 55, 57 and 59 respectively, which inspired his later interest in health and exercise.[13] After his father's death, Ryan's grandmother, who suffered from Alzheimer's disease, moved in with his family and he helped care for her.[15] His father’s death provided Ryan with Social Security benefits until his 18th birthday, which he used to pay for his education at Miami University of Ohio.[16]

As a junior at Joseph A. Craig High School in Janesville, Ryan was elected class president, which made him prom king and gave him a seat on the school board—his first foray into politics.[15] He ran track his sophomore and senior years, was on his high school's varsity soccer team and played basketball in a Catholic league.[17][18][19] He was also a member of the the student council, the Latin club, the history club, the letterman's club, the outdoors club, the International Geographic Society, the pep club, the ushers club and the Model U.N.[17]

Guess what? My bother died young and left two teenage children. His social security benefits paid about enough for them to live on. My niece and nephew had to get scholarships, grants and loans to get through college. The benefits cease at age 18.

Does anyone see a problem here?

17 posted on 08/12/2012 9:09:21 AM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: nuconvert

Ryan’s income outside of his congressional salary is given in this story as “between $168,000 and $1.2 million.” Nice precision reporting!

This happens not to be a super large amount, compared to income of other politicians.

We know where Ryan came from. He knew his own father.

Obama, on the other hand, was a unwanted accident. If Roe v. Wade had happened before he came along, he probably would have been aborted. Instead, they rounded up a stand-in “father,” the Kenyan Obama, who was already married, but served as a source of a name for the baby. The mother qickly took off for further grad-school work, and the little fellow was raised mainly by his grandparents. We would need to do some extensive genetic testing to tell just who his real father was.


18 posted on 08/12/2012 9:10:32 AM PDT by docbnj
[ Post Reply | Private Reply | To 5 | View Replies]

To: Oldeconomybuyer
All the top dog democrats are millionaires - but they got their money mostly from the taxpayers (pro-themselves legislation).
19 posted on 08/12/2012 9:10:56 AM PDT by concerned about politics ("Get thee behind me, Liberal")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

The media was bound to do a negative story on him. They and their socialist Dem masters are quaking in their shoes at the thought of Ryan as the Republican VP candidate. Just the thought of a Ryan-Biden debate is making them all deathly ill.


20 posted on 08/12/2012 9:12:02 AM PDT by fatnotlazy
[ Post Reply | Private Reply | To 1 | View Replies]

To: Parley Baer

doesn’t CA and the north east have the most millionaires etc?

Doesn;t the left get most of their money from these people and this area?

Yet again the Dems are trying different attack talking points to see what works the most and then they will stick with that.

Hey obama has millions, where did he get that much from when he’s never had a high paying job?


21 posted on 08/12/2012 9:13:17 AM PDT by manc (Marriage =1 man + 1 woman,when they say marriage equality then they should support polygamy)
[ Post Reply | Private Reply | To 3 | View Replies]

To: cripplecreek

It’s odd how most everyone in American politics are wealthy...If not wealthy going in, most come out millionaires after jumping from position to position in government.

Public servants....lol


22 posted on 08/12/2012 9:13:39 AM PDT by dragnet2 (Diversion and evasion or tools of deceit)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Oldeconomybuyer

23 posted on 08/12/2012 9:13:51 AM PDT by NowApproachingMidnight (“Civilizations die from suicide, not murder.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

Politicians are more corrupt now than in the past. Technology and transparency provides a means to minimize it.

Every Congressman, Senator and President and their senior staff, as part of a requirement to serve America honestly, should be required to provide an annual detailed and web based public disclosure of all of their current income and net worth, and where their assets are held. Any multiple or single transaction in a month involving more than $5K needs to be reported immediately and made available along with an annual report on line. And no lobbying, direct or indirect, for 5 years.

Failure to comply to this should result in expulsion from office and 5 years in prison. And we need to reward and encourage whistle blowing by insiders.


24 posted on 08/12/2012 9:13:52 AM PDT by apoliticalone (Honest govt. that operates in the interest of US sovereignty and the people, not global $$$)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

The MSM seems to ignore BO’s schedule E on the WH site. Seems that he is getting interest from a trust from his grandmother. Also has funds offshore which be lists as “various” or in “various” countries. Is Various in the East or West hemisphere? You or I would have to list the accounts and countries. Guess IRS rules are different for this party!


25 posted on 08/12/2012 9:14:01 AM PDT by hoosiermama (Obama: "Born in Kenya" Lying now or then.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

I WANT a millionaire to be in a leadership position!!! Look at that STUPID JOE BIDEN......all he has is his HOUSE or HOUSES (but I think it’s just a beach house)......Nice but doesn’t involve ANY THINKING!!! Good thing he’ll have his LIFETIME PENSION AND HEALTH CARE, or he’d be in DEEP DOO DOO.


26 posted on 08/12/2012 9:14:06 AM PDT by Ann Archy ( ABORTION...the HUMAN Sacrifice to the god of Convenience.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

Zer0 and the first wookie are millionaires and billionaires too.


27 posted on 08/12/2012 9:14:18 AM PDT by Paladin2
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

Millionaire VP pick: Paul Ryan rich from investments, inheritance

Funny, I thought this was America and that was the goal?
Why you gotta be haters?


28 posted on 08/12/2012 9:15:05 AM PDT by SECURE AMERICA (Where can I sign up for the New American Revolution and the Crusades 2012?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vigilanteman

What an impressive list of activities in High School — plus letterman and class president. I guess he just didn’t have time to participate in the local Choom Gang.


29 posted on 08/12/2012 9:17:11 AM PDT by ProtectOurFreedom
[ Post Reply | Private Reply | To 17 | View Replies]

To: dragnet2

Proud to say that my congressman is one of the poor boys in Washington. He was one of those the democrats cried about because he was sleeping in his office.


30 posted on 08/12/2012 9:17:25 AM PDT by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
[ Post Reply | Private Reply | To 22 | View Replies]

To: Oldeconomybuyer

If this is all the MSM Propaganda Ministry has, we’re in good shape.


31 posted on 08/12/2012 9:18:15 AM PDT by TwelveOfTwenty (Ho, ho, hey, hey, I'm BUYcotting Chick-Fil-A)
[ Post Reply | Private Reply | To 1 | View Replies]

To: nuconvert

I believe we will find that BO was a millionaire from the age of ten, when his great grandfather died and his grandmother, the head of the trust department in HI bank, became his legal guardian. Hint. G-Grand pap was not “just a bookkeeper” any more than his other G-grand pap was a goat herder. “Agents” regularly made one tenth of one percent on the mineral right deals they put together on the future production of the gas wells they packaged together.


32 posted on 08/12/2012 9:19:58 AM PDT by hoosiermama (Obama: "Born in Kenya" Lying now or then.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: cripplecreek

Assets accumulated during their “public service” (and I say that tongue in cheek) need to be fully disclosed and monitored and tracked and available on line. If they are not willing to disclose it then they need to find another job.

There is something very wrong when people spend billions for a 6 digit job. Typically they all get enormously rich on backs of taxpayers at the behest of cronies. We need to know every minute aspect of their wealth accumulation while screwing us...ooops meant serving us. They all need a spotlight, a lie detector test and closely monitored while they are there.


33 posted on 08/12/2012 9:20:43 AM PDT by apoliticalone (Honest govt. that operates in the interest of US sovereignty and the people, not global $$$)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Oldeconomybuyer
Does anyone remember the Slimes running an article detailing Biden's monetary worth when Zero selected him back in '08?

I don't either. The Slimes and the Dems: class warfare at work.

34 posted on 08/12/2012 9:21:01 AM PDT by jeffc (The U.S. media are our enemy)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vigilanteman

John Kerry?

Did you know he was in Vietnam?

I believe he was kicked out of the Navy too.


35 posted on 08/12/2012 9:26:40 AM PDT by onedoug
[ Post Reply | Private Reply | To 4 | View Replies]

To: apoliticalone
They should be audited and monitored every single year by independent panels. In fact all their calls outside of nation security issues should be recorded. No more closed door meetings for anyone outside national security type issues. Those who spend over 10 years in Government should be forced out. Period.

The reckless government mismanagement, spending and corruption is staggering at all levels.

If not stopped, they will lay this country to waste.

Those even suspect of the slightest improprieties, conflicts of interest, etc at all levels, and certainly in places like CA, NY, Chicago and D.C. should go before on-going independent Nuremberg style hearing and trials.

36 posted on 08/12/2012 9:29:14 AM PDT by dragnet2 (Diversion and evasion or tools of deceit)
[ Post Reply | Private Reply | To 24 | View Replies]

To: Oldeconomybuyer

Hey Yo LATimes-Libtard rag extraordinaire, I give a crap about this how? More rich ass idiots among the Democrats than your willing to expose or spout about, huh?! Crap meaningless to me as long as they change the trajectory of this country being destroyed by those YOU - LATimes - support! =.=


37 posted on 08/12/2012 9:29:34 AM PDT by cranked
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

Poor Finnegann, if only he could have been successful, but alas,...he ended up being a hack two-bit liar for the L.A. Slimes.


38 posted on 08/12/2012 9:31:20 AM PDT by Doc Savage ("I've shot people I like a lot more,...for a lot less!" Raylan Givins)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

Millionaire VP pick: Paul Ryan rich from investments, inheritance

So!!!! How did Obama become a millionaire, When he never held real job in his life????


39 posted on 08/12/2012 9:32:14 AM PDT by chainsaw ("Two ways to conquer and enslave a nation. One is by the sword. The other is by debt.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

So, compared to Kerry, Ryan is basically homeless and broke.


40 posted on 08/12/2012 9:33:48 AM PDT by SaxxonWoods (....The days are long, but the years are short.....)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SECURE AMERICA
because they don't like Romney...

at least his wife received her mother's inheritance and not the government..

just wait another four years of obama and all we worked and invested and saved for our kids and their kids will go to the government, then all these Romney haters can be happy broke and lower income...because under Hussein we will either be RICH or POOR...

I hate how people piss and moan and bitch and groan when some one WORKS, HAS A GOOD FAMILY, AND BECOME FINANCIALLY SECURE THEY HAVE TO SAY NASTY THINGS... but only if they are REPUBLICAN...

41 posted on 08/12/2012 9:34:55 AM PDT by haircutter
[ Post Reply | Private Reply | To 28 | View Replies]

To: jeffc

Does anyone remember the Slimes running an article detailing Biden’s monetary worth when Zero selected him back in ‘08?
= = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =
Didn’t the term ‘Lunch Bucket Joe’ sort of come out of his (so called) humble beginnings?
Remember that Howdy Doody looking clown (Gephardt?) who would come out and claim his father told them at 6 or so that ‘Collective bargaining’ was the cure to all that ailed you.
But if I remember correctly every time Geppy boy made some outlandish claim of his upbringing, his brother would say “his memory must be much better than mine cause I grew up in the same house, at the same time and remember NONE of this foolishness”.

The Clintoons rolled into DC looking like the Clampetts, all their belongings in a small Uhaul and pickemup truck (with astroturf in the bed) and when they left to their FIRST ever house, it took All the trucks United Van Lines, Victory Van Lines and Interstate Van Lines could muster up to move the absconded loot - Is it still ‘true’ that ALL gifts to the Pres are actually the property of US and are not to be removed by the outgoing occupant?


42 posted on 08/12/2012 9:39:57 AM PDT by xrmusn (6/98 "It is virtually impossible to clean the pond as long as the pigs are still crapping in it")
[ Post Reply | Private Reply | To 34 | View Replies]

To: Oldeconomybuyer
I don't see how this pick helps this clown win any additional electoral votes.

Probably cost him Florida to boot.

43 posted on 08/12/2012 9:42:24 AM PDT by Rome2000 (WILLARD ROMNEY -- MORMON MELCHIDEZEK BISHOP -HIS FAMILY HAS AVOIDED MILITARY SERVICE FOR GENERATIONS)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vigilanteman

I don’t have a clue what you’re talking about! Where’s the problem?


44 posted on 08/12/2012 9:42:50 AM PDT by lonestar (It takes a village of idiots to elect a village idiot.)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Oldeconomybuyer
The Republicans can always fire back that Senator Harry Reid massively benefited from his long tenure in the Senate and we all know that House Minority Leader Nancy Pelosi is married to a husband that owns a lot of very prime real estate, including very prime vineyards in California's Wine Country. So there.
45 posted on 08/12/2012 9:43:03 AM PDT by RayChuang88 (FairTax: America's economic cure)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

Paul Ryan does not have an apartment in DC, he sleeps on a roll out cot in his office when Congress is in session.


46 posted on 08/12/2012 9:44:14 AM PDT by COUNTrecount (On November 6, 2012" I Will Have Made It" when I Vote Barry OUT !)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vigilanteman

The story that I read about the SS payments was that he saved the money to help pay for his college. Everyone knows that the SS would not have been enough to cover his expenses. My mother received SS for us when my dad died, but she needed the money to help pay the bills. It was not a lot of money. She also got money from the Veterans Administration for us.


47 posted on 08/12/2012 9:44:14 AM PDT by Eva (Eee)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Vigilanteman

The story that I read about the SS payments was that he saved the money to help pay for his college. Everyone knows that the SS would not have been enough to cover his expenses. My mother received SS for us when my dad died, but she needed the money to help pay the bills. It was not a lot of money. She also got money from the Veterans Administration for us.


48 posted on 08/12/2012 9:44:24 AM PDT by Eva (Eee)
[ Post Reply | Private Reply | To 17 | View Replies]

To: All
Hi,

I'm Senator John Kerry, and I became a millionaire the old fashioned way...I married into money. Now isn't America a "grond" country?


49 posted on 08/12/2012 9:47:32 AM PDT by Signalman
[ Post Reply | Private Reply | To 4 | View Replies]

To: Oldeconomybuyer

Any body remember this kind of attention being given to Al Gore’s finances, or Hillary’s cattle future “investments”?


50 posted on 08/12/2012 9:50:59 AM PDT by tacticalogic ("Oh, bother!" said Pooh, as he chambered his last round.)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-76 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson