Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
D.C. is a breeding ground for the worst kind of narcissistic, sociopath in the world. Their wealth is moot imo.
Somebody needs to do a comparison of GDP growth in Washington DC versus the United States as a whole since 2000. Being the nation's capital, it's reliant mostly upon taxpayer dollars for GDP, so its GDP growth normally should track pretty closely with national GDP growth. If it grows much faster than the national GDP, then at least one of the following must be true: 1) Tax rates have increased, stifling GDP growth in the United States as a whole. 2) The federal government is borrowing like crazy, and the national debt is exploding.
Somebody needs to do a comparison of GDP growth in Washington DC versus the United States as a whole since 2000. Being the nation's capital, it's reliant mostly upon taxpayer dollars for GDP, so its GDP growth normally should track pretty closely with national GDP growth. If it grows much faster than the national GDP, then at least one of the following must be true: 1) Tax rates have increased, stifling GDP growth in the United States as a whole. 2) The federal government is borrowing like crazy, and the national debt is exploding.
It's definitely number 2.
DC's now kaput economic "boom" was almost all due to increased federal govt spending during the "war on terror"(Iraq, Afghanistan) including the creation of a totally new agency, the department of homeland security-so defense contractors in the DC area made a killing, the expansion of big govt added hundreds of thousands of high paying jobs, etc.
The federal govt had to spend money in order to save the economy during the recession, but they totally overspent in the DC region, which was actually doing very well compared to most other places.
Today, the slow and stagnant DC economy is due to austerity by the fed, nothing else.
San Francisco-Oakland-Hayward $388.272 Billion
San Jose-Sunnyvale-Santa Clara $196.829 Billion
Stockton $22.470 Billion
Santa Rosa $21.880 Billion
Vallejo-Fairfield $16.281 Billion
Santa Cruz-Watsonville $10.901 Billion
Napa $8.054 Billion
I was really impressed by Seattle...but I think you may have put it down incorrectly. According to the link you provided, its GDP is $284.967 billion. Still extremely impressive, but also sizeably different than the $307+ listed above. Did I miss something?
I never got a response to this...was the Seattle GDP listed incorrectly or is there a section of the original link which I misread/missed?
I never got a response to this...was the Seattle GDP listed incorrectly or is there a section of the original link which I misread/missed?
According to the BEA release, Seattle metro's 2013 nominal GDP was $284.967 Billion. You didn't miss anything.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
