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Tuesday, July 25, 2017

Washington D.C. Is Essentially Just A Gigantic Money Machine

If you have ever wondered why our leaders in Washington D.C. seem to act so strangely, the truth is that it almost always comes down to just one thing. It has been said that “money makes the world go round”, and that is definitely true in Washington. This year the federal government will spend more than 4 trillion dollars, and that represents well over one-fifth of our national GDP. With so much money coming in and so much money going out, the stakes are incredibly high, and that is why so much money is poured into political campaigns on the national level.

And it shouldn’t surprise anyone that those that live the closest to this gigantic money machine have benefited greatly. Forbes just released their brand new rankings for 2017, and they found that five out of the top 10 wealthiest counties in the entire country are suburbs of Washington D.C.

Virginia’s Loudoun County holds the title of the nation’s richest county with a median household income of $125,900. While nearly 10,000 residents commute to the District, according to Forbes, about 11,700 businesses employ 161,000 county residents, with Dulles International Airport, Loudoun County Public Schools and the Department of Homeland Security leading that charge.

The nearby city of Falls Church, Fairfax and Arlington counties in Virginia and Howard County in Maryland also lead the nation based on wealth.

In general, salaries for federal workers are significantly higher than in the private sector, and benefit packages are usually much better.

But in addition to having a very high concentration of federal workers, the D.C. area is also home to hordes of lawyers, lobbyists, defense contractors and other government vendors. Big government means big business for those guys, and business has been very good in recent years…

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9 comments:

Anonymous said...

Sad when government supports your economic health. It should scare the hell out of people that we are literally on the brink of financial ruin for this very reason, borrowing Money from a country like China to keep the wheels turning. What's next we start selling weapons to north Korea?

Anonymous said...

Sad when government supports your economic health. It should scare the hell out of people that we are literally on the brink of financial ruin for this very reason, borrowing Money from a country like China to keep the wheels turning. What's next we start selling weapons to north Korea?

Anonymous said...

$639.1 billion (DoD budget), 16% of our expenditures is just welfare for wealthy defense contractors.

KAYAK33 KAYAK33 said...

Just wait a few more years, till I retire before starting cuts in the federal workforce. Most Federal workers initially take a cut in wages, but it most definitely pays off many times over in the long term.

Anonymous said...

Yeah, Their stupidity, your taxes and money.

Anonymous said...

Yea a machine Waisting and Giving away and Stealing YOUR $$

Anonymous said...

It is a criminal enterprise.

Anonymous said...

A GIANT TAX Machine taxing us to Death !!!!

Anonymous said...

All these Taxes need to Stop
In WW2 taxes were to help with the war effort
After that, the Gov't went Overboard with it's hand held
out..........it should have ended then after the war
But No they found just the solution to all the Gov't problems.........enslaving America with OverTaxation !!!

We can't have a thing without it being taxed , Nothing
They would tax the Air you breath if they could find a way !