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Metropolitan DC Local Politics
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Federal agencies will shrink footprints when leases expire. Feds and DC govt workers are not big spenders on dining and after work recreation. [/quote] The point is Uncle Sam doesn't want an economic meltdown where banks and investors lose trillions of dollars. It will be a massive recession. It goes beyond DC. At a minimum they'll call everyone back to the office across the country. [/quote] It isn't a national problem. Everywhere else, workers buy lunch and spend their money nearer to where they live and it ends up being a wash as far as the tax base is concerned. DC doesn't capture most of those taxes because most feds with families can't afford to live in DC. The bigger problem is CRE which has nothing to do with the federal work force because the GSA doesn't pay taxes [/quote]
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