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