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Follow the Money. You Wind Up in Washington, D.C.

Written by Gary North on January 28, 2013

Of the ten richest counties in the USA, seven surround Washinton, D.C.

The richest, Louden County, has a median household income of $119,000 a year. That’s more than Silicon Valley. The Washintgon Post reports:

The stability of an economy built on the pillars of the federal government, its legions of contractors and a flourishing high-tech sector is evident in the income rankings.

In 2007, before the recession began, five counties in suburban Washington made it into the top 10. By 2010, there were six. The seven in the latest ranking is an all-time high.

The money from the rest of the nation flows into Washington, D.C. It doesn’t all flow back out. In the direct-mail industry, this is called S&H: “shipping and handling.” In the case of our tax money, it’s mostly handling. There isn’t much shipping. We’re living in a digital age.

Big government is not just big. It’s gigantic.

The federal government draws in college-educated people. They work for the government. They become federal bureaucrats. They get covered by Civil Service. Then they cannot be fired.

It’s a terrible thing to waste a mind.

Someday, Washington’s checks will bounce. Then these people will enter the private sector for the first time. This traditional slogan will then re-establish itself in the region: “An honest day’s pay for an honest day’s work.”

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2 thoughts on “Follow the Money. You Wind Up in Washington, D.C.

  1. Bob Marshall says:

    Few posters ever mention the power of the lobbyist. The main reason many members of congress pass bills that favor the corporations they represent is for campaign contributions. many members of congress upon leaving, become lobbyist. Often times,for a much larger salary and for the very corporations they helped by passing bills that favored that corporation. Which is more powerful? Wall St.or K St. It is amazing that so many citizens still believe we have a two party system. I will admit that they sometimes put on a good show. What we need in congress is more statesmen and less politicians.

  2. The people in this region are clueless. The process of government contracting is inefficient, stupid, venal, irresponsible, ineffective, expensive, slow, and generally embarrassing. And yet people stay–because taking off the golden handcuffs is hard–and because far too many people actually believe in or don't question what they are doing. Best to get out now and establish yourself ahead of the mass exodus. Ripping off that bandaid is a bear, but rip you must.

    if you get caught out when the house of cards falls apart well, that's nobody's fault but your own, and you will desrve your situation.