Friday, July 18, 2014

Texas Republican #2 on Roll Call Rich List spews Vichy-esque bilge, instead of admitting the US is no longer a country because it has no southern border, McCaul says it would be "overly prescriptive by authorizing a specific mileage of fencing"

"50 Richest Members of Congress," Roll Call. 2. Rep. Michael McCaul R-Texas. The GOP E pretends the US still exists as the French did in Vichy after they had surrendered to Hitler.
7/17/14, "Michael McCaul’s Team Responds to Conservatives Preparing to Revolt," The Corner, NRO, Joel Gehrke 

"Furthermore, instead of being overly prescriptive by authorizing a specific mileage of fencing, H.R. 1417 asks the Border Patrol to look at fence, agents and technology as part of a menu of options to secure the border to the 90 percent minimum requirement. The implementation plan is clear on the need to consider ‘new physical barriers’:

Bill excerpt: “…estimates of the relative cost effectiveness of various border security strategies and operations, including deployment of personnel and technology, and construction of new physical and virtual barriers.”

And to make sure there is no doubt that we require the Border Patrol to consider additional fencing needs, we have modified the bill to include an additional item in the strategy:

Bill excerpt: “…An assessment of existing border fencing and barriers, including the need for additional fencing and barriers (including double-layer fencing), and the need for upgrades and repairs to such existing fencing and barriers.”


9/13/13, "50 Richest Members of Congress," Roll Call

"Each year since 1990, CQ Roll Call has reviewed the financial disclosures of all 541 senators, representatives and delegates to determine the 50 richest members of Congress. This year's report, derived from forms covering the calendar year 2012, shows it took a net worth of $6.67 million to crack the exclusive club. The wealthiest lawmakers with breakdowns of their assets and liabilities is found below....

"McCaul was knocked off the perch he occupied atop the 50 Richest list for the past two years after his reported minimum net worth plummeted $191 million, to $114 million. But it’s not as if the Texas Republican and former federal prosecutor fell victim to market gyrations, rising debts or risky trades in 2012.

Instead, McCaul valued several holdings in his wife’s name in the broad category of $1 million and above that’s reserved for spousal assets. Previously, he listed each of the same assets as being worth at least $50 million — a category normally reserved for member holdings. The shift means the true size of the couple’s fortune is now harder to ascertain and illustrates the limitations of the congressional financial disclosure system.

As in the past, the majority of McCaul’s assets ­— at least $114.6 million in all for 2012 —are connected to his wife, Linda McCaul, who has extensive family trusts. She is the daughter of Lowry Mays, the founder of Clear Channel Communications Inc. That company owns and operates more than 1,000 radio stations and has extensive billboards and outdoor advertising. In 2010, when McCaul first reported that his wife had received “certain assets” as gifts from her parents, his net worth jumped from at least $73.75 million in 2009 to a minimum of $294 million in 2010.
McCaul also listed assets connected to his five children, three of whom are triplets.

As was the case last year, the McCauls had a Bank of America mortgage worth at least $500,000 on a personal residence.

Roll Call Member profile »"...

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