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Robbing Americans Blind in Washington

December 26, 2013 By Richard C. Young

Merry post-Christmas to you all. While you are enjoying Christmas, it is beneficial to be ready to come out of the gates fast in the New Year with a goal of sweeping the decks clean in the mid-term elections. The political elite in Washington has a boot-on-the-neck approach toward American citizens. The egregious budget farce in the Senate and the House is but the straw that breaks the back of our Federal Republic. Here Cato Institute’s Dan Mitchell gives Americans a year-end report card on the folk we all put in office in Washington. It’s time to rise up!

I realize this is an unhappy topic to be discussing during the Christmas season, but the American people need to realize that they are being pillaged by the insiders that controlWashington and live fat and easy lives at our expense.

If you don’t believe me, check out this map showing that 10 of the 15 richest counties in America are the ones surrounding our nation’s imperial capital.

Who would have guessed that the wages of sin are so high?

D.C., itself, isn’t on the list. But that doesn’t mean there aren’t a lot of people living large inside the District.

Here are some interesting nuggets from a report in the Washington Business Journal:

D.C. residents are enjoying a personal income boom. The District’s total personal income in 2012 was $47.28 billion, or $74,733 for each of its 632,323 residents, according to the Office of the Chief Financial Officer’s Economic and Revenue Trends report for November. The U.S. average per capita personal income was $43,725.

Why is income in D.C. so much higher? Well, the lobbyists, politicians, bureaucrats, interest groups, contractors, and other insiders who dominate the city get much higher wages than people elsewhere in the country.

Related video:

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Richard C. Young
Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
Richard C. Young
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