The Lavish Life of Overcompensated Bureaucrats

Yesterday Ishared some very good news about Brazil adopting a spending cap.Today, I also want to share some good news, though it ’s not nearly as momentous.Indeed, it ’s not even good news. Instead, it ’s just that some bad news isn’t as bad as it used to be.I ’m referring to the fact that the nation’s capital regionused to be home to 10 of the nation ’s 15-richest counties. That was back in 2012, and I viewed it as a terrible sign that the DC area was packed withoverpaid bureaucrats, oleaginous rent seekers, and government cronies, all of whom wereenjoying undeserved wealth financed by hard-working taxpayers from the rest of America.Well, now for the “good news.”Terry Jeffrey hasa column forCNS News about the current concentration of wealth in the national capital area.The four richest counties in the United States, when measured by median household income, are all suburbs of Washington, D.C., according to newly released data from the Census Bureau. …Of the Top 20 richest counties in the nation, nine are suburbs of the city that serves as the seat of a federal government that in fiscal 2016 taxed away $3,266,774,000,000 from the American people, spent $3,854,100,000,000, and ran a $587,326,000,000 deficit.The reason this awful data is good news (relatively speaking) is that the DC region is now home to “only” nine out of the 20-richest counties rather than 10 out of the 15-richest counties.Here ’s Terry’s list, which I’ve augmented by highlighti...
Source: Cato-at-liberty - Category: American Health Authors: Source Type: blogs