Posted on 02/12/2017 6:56:39 PM PST by markomalley
The Washington region’s prospects aren’t all bad under the Trump administration. A top local economist joked at a recent business conference that demonstrators flocking to rallies in the District will drop bundles of cash, spurring growth from “protest tourism.”
But the area is bracing for shock at the hands of a reinvent-the-rules president who routinely insults the city and a Republican-led Congress that for years has sought to shrink the federal government that is the area’s principal employer.
Officials and analysts expect sharp cuts in federal nondefense spending, which would strain local budgets nationwide and pose a particular threat to economic growth here. In addition, proposed tax changes risk stalling the Washington area’s high-priority efforts to provide more affordable housing. And business leaders say President Trump’s demonization of the capital, highlighted by his calls to “drain the swamp,” has hurt the region’s reputation as a good place to work.
(Excerpt) Read more at washingtonpost.com ...
Have to stop doing sarcasm. It’s a sarcasm challenged board.
I took it as sarcasm, but the sarcasm tags written in disappearing ink cause problems for lots of people.
LOL.
>
The wealthiest area in the country......all on other people’s money
And the credit card with a 20 trillion balance.
>
I counter: All (OK, 99%) of the charges are fraudulent.
The $120T+ in unfunded liabilities are valid as well?
Boo hoo.
Maryland “Freak State” PING!
Will this mean a drop in real estate prices for the region?
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