Wednesday, March 27, 2013

Imperial Washington

 

The Senate did something this past weekend it hasn't done in four years: passed a budget. The law requires the Senate to pass a budget, but Congress often ignores its own laws. For most of Barack Obama's presidency, a series of continuing resolutions kept the money -- your money -- flowing. Now the Senate wants to add a trillion dollars of new taxes, even more than President Obama seeks.

Despite our growing debt, the Senate wants to fund things like the Senate barbershop, which loses a third of a million dollars every year.

It's like they live in a private bubble.

Politicians say, "I'm going to Washington to serve  others." Maybe they mean to. But after most "serve," they never leave. When I visit Washington, I see politicians and bureaucrats serving themselves.

When the housing bubble burst, home prices dropped in most of America, but not in Washington. Our capital feeds off federal spending, and politicians won't allow that bubble to burst.

One result is that, today, for the first time, most of America's richest counties are in the Washington area. About 43 percent of "the 1 percent" -- the top earners leftists say they hate -- now live in 14 counties that surround the District of Columbia.

Nick Sorrentino, creator of AgainstCronyCapitalism.org, notes that average total compensation for a federal employee is now about $120,000, and the gap between government pay and private pay has been growing.

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