Our Crony Capital: D.C. awash in contracts, lobbying wealth

Hunger games cc

If one wants to get paid and one is OK with suckling at the teet of the American taxpayer, DC is the place to do it. It is the capital from The Hunger Games movie. It is here that the wealth of our nation is aggregated. The hinterlands pay their tribute to the massive bureautropolis which straddles the Beltway and stretches into the countryside of Virginia and Maryland.

In the opinion of many in Washington, you the American citizens, exist to support them.

Such sentiments are not expressed in polite company of course, but trust me this mindset is at the core of many Washingtonians today. And I’m not talking just about people in Congress or the lobbyists, but the vast bureaucracy which populates the place. The average total compensation for a federal worker is over $120,000/year. Far higher than the average person sending his or her taxes to be divvied up. Add that these well paid bureaucrats for the most part will never have to fear losing their jobs, and will retire with a lavish federally guaranteed pension for the rest of their lives, and one starts to understand why the government year in and year out always grows in scope and power.

Then there is the public/private bureaucracy, filled with contractors of various sorts and even better paid.

As we’ve noted, there was no recession in DC. The past 10 years have been fat ones for the city. How have the last 10 years been for you?

(From The Saint Louis Post-Dispatch)

The avalanche of cash that made Washington rich in the last decade has transformed the culture of a once staid capital and created a new wave of well-heeled insiders.

The winners in the new Washington are not just the former senators, party consiglieri and four-star generals who have always profited from their connections. Now they are also the former bureaucrats, accountants and staff officers for whom unimagined riches are suddenly possible. They are the entrepreneurs attracted to the capital by its aura of prosperity and its super-educated workforce. They are the lawyers, lobbyists and executives who work for companies that barely had a presence in Washington before the boom.

During the past decade, the region added 21,000 households in the nation’s top 1 percent. No other metro area came close.

Click here for the article.