Tuesday, August 3, 2010
Rep. Charles “Good Time” Rangel, the 4th highest ranked U.S. Congressman faces 13 charges of ethics violations and an investigation by his colleagues in Congress.
The 80-year old Rangel who has served in the House for some 40 years, faces multiple ethics violations which includes favors he allegedly got from a New York developer to occupy four rent-stabilized New York apartments, and failure to report rental income on ownership interest in a unit located at the Punta Cana Yacht Club in Punta Cana, Dominican Republic.
Last March, Rep. Rangel resigned his from the powerful tax-writing Ways and Means Committee after he was criticized for the use of corporate monies to fund travel costs to the Caribbean.
In addition, Rangel faces charges he intentionally failed to report, as required by law, hundreds of thousands of dollars of hidden assets. An amended disclosure report shows an added a credit union IRA, mutual fund accounts and stock.
Why would a well paid member of U.S. Congress occupy a rent-stabilized New York apartment in the first place? The average salary for House member in a leadership position in 2010 is $193,400 a year. Rangel is more than able to pay the average New York City rent of $3,500 a month for two-bedroom apartment.
What I find particularly odorous about Good Time Charlie is the fact he occupied a rent-stabilized in the first place. Rent-stabilized apartments are intended for the poor, the elderly and the disabled. People living on fixed incomes and below the Federal poverty level. These units are not intended for wealthy, well-heeled Congressmen with homes in the U.S. and vacation homes in the Caribbean.
Rep. Charles “Good Time” Rangel is a shameless huckster and his behavior could wind up harming already vulnerable Democrats in November midterms. Rangel needs to step down — immediately. Admit wrong doing and retire. But he won’t. He’s flushed with the kind of arrogance seen all too often in members of the U.S. Congress.