Rep. Tim Walberg (R-Mich.), who represents the state’s 7th district, reported modest assets worth at least $50,000 in 2010 and noted that he received a legislative pension of $54,504 from his time as a Michigan lawmaker, according to 2010 financial disclosure reports.
Walberg is a former minister and ex-congressman, who represented Michigan in the House from 2007 to 2009 before losing his House seat to a Republican. He reclaimed that seat in 2010.
He also disclosed two honorariums: One for $250 from a Coldwater, Mich., church and a $500 honorarium from a group called “Club 52” in Lansing. Club 52, according to the group’s web site, invites people who are tired of “living paycheck to paycheck” to learn how to make money, erase debt and “buy prime real estate.”
The web site claims, “We can help missionaries. We can build churches. We can live debt-free and do more if God is working with us. This is not a marketing scheme to get you signed up for something other than Club 52. We want to make an impartation into your life. Only 250 individuals will be accepted for this exciting Club. I believe 52 will become millionaires. And you may be one of them!”