Washington Booms While “Rome” Burns

Tuesday, March 20th, 2012 and is filed under News

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At the very least, we can say that the federal government takes good care of their own.  During the recession, Washington’s economy has expanded by 14% and unemployment is down to 5.5%.

This prosperity is rooted largely in the steady growth of the federal workforce, as federal spending accounts for one-third of the region’s economy. Over the past decade 50,000 bureaucratic jobs have been added in the area while local federal spending grew 166 percent. The D.C. region, with 5 percent of the nation’s population, garners more than three times that percentage in payroll and more than four times that percentage in procurement dollars.