Friday, November 30, 2007

Lott's Retirement

Good riddance!

Actually, federal legislators know how to build tidy nest eggs without spending one day in the private sector — none of them much better than Trent Lott. Except for one year as a practicing attorney fresh out of law school, Lott has spent his career on the public payroll — four years as a congressional staffer, 16 years in the House and 19 in the Senate. Nevertheless, the Center for Responsive Politics in 2005 calculated his net worth at between $1.4 million and $2 million, or 42nd among 100 senators. It put his annual income from the Senate and private sources at $289,710, in the top 1.5 percent of American income earners.