Back in February, I posted this startling map showing that 10 of America’s 15-richest counties are the bedroom communities surrounding Washington, DC.
There’s a lot of money in Washington because federal bureaucrats are wildly overpaid, as I document in this video, and also because there is a huge shadow workforce of contractors, consultants, and lobbyists who have their snouts buried deeply in the public trough.
In an interview for Reason TV, Andy Ferguson talks about how these well-paid parasites have created a bubble economy in Washington.
And you know it must be true because even the leftists at Politico wrote a story acknowledging how the DC area was thriving at a time when the rest of America was struggling.
In other words, the poor and middle-class people in the real world are paying high taxes to subsidize the indolent moochers of Washington.
You would think that’s one kind of redistribution that the left would oppose. Heck, it’s almost enough to make you think that it would be a good idea to reduce the size and scope of the federal government.
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for July 24th, 2014 | John Ransom
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for July 23rd, 2014 | John Ransom