Reply to when the automatic budget cuts hit, is the metro DC economy going to go to hell in a handbasket?

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Reply to "when the automatic budget cuts hit, is the metro DC economy going to go to hell in a handbasket?"

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[quote=Anonymous][quote=Anonymous]Think of it as wealth redistribution.  You are for making things more fair, right?

All of those folks in flyover country will get keep some more of that wealth that they produced, you know, maybe go out dinner, buy some clothes for their kids and pay off their mortgages...

[i][b]Unemployment in the suburbs of DC is 4% while in the rest of the country it is over 9%. The three wealthiest counties in the US are the City of Falls Church, Loudoun and Fairfax.[/b][/i]

[/quote]

Sure, except those "folks in flyover country" don't produce any wealth.  The wealth is produced by the folks in the bicoastal elites.  The regulatory regimes (and global projection of force) that allow that wealth production to continue are managed out of Washington, DC.  Everyone else is pretty much doing what can be done more cheaply in our neighboring third-world countries (e.g. agriculture) and getting massive welfare payments in the form of subsidies and infrastructure transfer payments.[/quote]

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