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 ...
The heck with drain the swamp.
For DC, I say: RESTORE the swamp!!
Around town the saying is that DC is recession proof.
#1 Idea!
Won’t happen. There will be no RIFs. Maybe a reduced hiring rate. Life here inside the Beltway will continue to be stable (and pretty good, actually).
So?
They are mostly a bunch of worthless parasites and we are just returning the favor.
They have been plunging the rest of the NATION into recession after recession without ever feeling the pain.
That is OUR money.
Yep, my commute is 3 hours a day give or take an hour. Oddly enough the best day (by far) is Friday which many government workers take off. We're not talking comp time because their hours are meager the rest of the week. We're talking about "telecommuting" which is code for "taking the day off".
I live in the DC area. It is a cesspool of liberalism and huge numbers of illegals. Government has created its own slave class to cut grass, clean houses and do construction. Government workers and their spawn have ruined politics in Virginia.
“They are presumed to be lying and we should presume what they publish is a lie.”
By an odd coincidence, I just explained that very thing to my 12 year old daughter. I’m grateful to the AP for providing me with such a great example.
Dear Swamp Dwellers, Embrace the suck.
Saith, maddie10
The government workers are dumb and dangerous. I knew a guy who did security, trying to keep people from emulating Hillary Clinton. Security simply did not matter to them because the people were privileged (over promoted) and rock solid stupid (no hiring standards). The guy finally retired after a frustrating career.
I know lots of people in contracting. The few that are smart and productive are hamstrung. The rest are dead weight. But the government needs the contractors to justify their jobs and the contractors are more than happy to create terrible products for the government.
I thought fully a third said they could in no wise work for the US Government under a President Trump! So leave already.
It’s already disproportionately wealthy and far too many in Washington are paid 6 figure salaries with lavish retirement benefits.
I give a flip...
Unless you work for the federal gov in dc, and I do, you cannot begin to imagine the waste. You hear about it, you think you know, but until you see it, you cannot know.
I’ve got 4 years in the USMC, 3 years at the D of Navy as a civilian, and 6.5 years @ SBA.
The waste is STAGGERING!
“Trump’s budget could plunge nation’s capital into recession.”
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Good. Maybe the northeast Virginia suburbs of D.C. will start to lose some of those blood-sucking civil servants that live up there.
They could easily compensate for this by mandating a raise in the minimum wage to $18 per hour. Waiters at places like PingPong Pizza would be very happy and spend more money, which would ripple through the local economy like a pebble dropped into a lake. Soon the place would be hopping.
Can’t believe Yahoo didn’t mention this. Or did they?
I msut agree. It’s extremely important for federal bureaucrats to feel the same economic pain and uncertainty that the people paying their salaries and benefits have suffered for years. Fair’s fair, don’cha know?
All bubbles eventually burst.
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