Posted on 04/01/2017 5:29:23 PM PDT by ameribbean expat
While many of the targeted federal agencies have offices outside Washington, Trump's dream budget would hit the region disproportionately, with tens of thousands of jobs at risk. The cuts would be felt throughout the city, with fewer people riding the already-beleaguered Metro subway or eating at restaurants. It would also hurt Washington's already-shaky market for office space.
Economist Stephen Fuller of George Mason University, who has studied the regional economy for decades, estimated 20,000-24,000 federal employees and 10,000 federal contractors would lose their jobs under Trump's proposal. That equates to 5 percent of federal workers in the region.
With those workers earning an average salary of $111,000, the job losses would mean more than $2.2 billion in lost wages, Fuller said. That would reverberate around the city.
"These are basically shutting agencies down whose principal contribution to the Washington economy is jobs," Fuller said. "These are really good jobs. The average job in a restaurant (pays) $28,000. You've got to create a lot of restaurant jobs to replace one of these."
(Excerpt) Read more at finance.yahoo.com ...
Some of the swamp-dwellers may have to learn to walk on their own two feet after years of slithering.
Every Ponzi scheme destroys lives and causes harm. Someone please show me where ignoring a problem made it better. Shall we wait until our debt is $100 Trillion and unpaid liabilities reach $100 Quadrillion??!!
I am afraid that it is already too late to solve these problems, let alone solve without a lot of pain. And, as is our history those most vulnerable will those hurt the worst. An example is the retired union members who have already had their pensions cut in half.
Oh good, they get a turn to feel a little pain.
The nation’s capital will no how cities in the heartland feel.
Now everyone knows how Yahoo turned in to such a big failure. every last nickel these gubmint workers earn comes from people like me that actually produce a product or service. All Parasite jobs are destructive to the economy
One of our local talk show hosts drove around DC in 2009 or 2010. They could not find a foreclosure sign.
Reality may be on its way to DC. It bites.
Be difference between “Could” and “Will”.........I “Could” be a concert pianist but I am not
Ronaldus Magnus pointed out that we should note that a drunken sailor is spending his OWN money.
“nation’s capital into recession”
So what!
The nations capital feels what the rest of the country feels.
And more specifically, all those leftist liberals from EPA, etc., will be the ones out jobs. So what! They have put the rest of the country out of work.
8 years of liberal leftist policies with not one year of GDP over 3%
Never has that occurred before. Not during the Great Depression or the Civil War.
Less than 3% GDP for every year of Obama. A record!
Someone, please tell me how allowing Americans to keep more of their hard earned money is going to hurt the economy.
There is hope .... homeless GS-18 begging for change outside Crystal City!!!!!!!
“Will work for WMATA fare.”
I was thinking that Fargo, ND would be a great place for the EPA. They could commute with nature and watch the Dakota Acess Pipeline being built.
I’m hoping the RATs cause a big stink and a budget impasse. Then they will have to “shut down the government”...and all “nonessential employess” will have to stay home.
Then President Trump will FIRE THEM!
More Winning for your list...
Best thing that could happen to America would be to have the entire D. C. Area to suddenly have its unemployment rate go up by a factor of 10.
Get a bunch of worthless blood sucking federal workers off our asses.
Boo frick’n hoo.
Welcome to the party pal.
I see a total lack of compassion.
Jeff Neely formerly of GSA –“I know I’m bad, but as Deb and I often say, why not enjoy it while we have it and while we can. Ain’t gonna last forever.”
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