Washington Is Too Rich for Our Own Good

The U.S. Census Bureau report showing that seven of the nation’s 10 highest-income counties are suburbs of Washington has raised a considerable ruckus.

“Our gilded District is a case study in how federal spending often finds its way to the well-connected rather than the people it’s supposed to help,” wrote Ross Douthat in the New York Times. “The American economy has gotten more deeply invested in influence-peddling -- broadly construed,” added Matt Yglesias in Slate. “This is driving the Washington area to the top of the charts.”

I find the news as depressing as anyone.

Read Full Article »
Comment
Show commentsHide Comments

Related Articles

Market Overview
Search Stock Quotes
Partner Videos