Crying Towel.
Posted on 04/01/2017 5:29:23 PM PDT by ameribbean expat
While many of the targeted federal agencies have offices outside Washington, Trump's dream budget would hit the region disproportionately, with tens of thousands of jobs at risk. The cuts would be felt throughout the city, with fewer people riding the already-beleaguered Metro subway or eating at restaurants. It would also hurt Washington's already-shaky market for office space.
Economist Stephen Fuller of George Mason University, who has studied the regional economy for decades, estimated 20,000-24,000 federal employees and 10,000 federal contractors would lose their jobs under Trump's proposal. That equates to 5 percent of federal workers in the region.
With those workers earning an average salary of $111,000, the job losses would mean more than $2.2 billion in lost wages, Fuller said. That would reverberate around the city.
"These are basically shutting agencies down whose principal contribution to the Washington economy is jobs," Fuller said. "These are really good jobs. The average job in a restaurant (pays) $28,000. You've got to create a lot of restaurant jobs to replace one of these."
(Excerpt) Read more at finance.yahoo.com ...
White Collar Welfare....
Of no positive benefit to the US economy.
About time.
Chicken Little: “The sky is falling, the sky is falling”!!
Boohoo. Tell that to the coal mining towns and those towns and cities in the rust belt.
$crew all of the leeches eating our tax $’s
The rest of the country except for the sanctuary cities and blue/blue states, and liberal colleges will do okay!
“With those (DC) workers earning an average salary of $111,000, the job losses would mean more than $2.2 billion in lost wages, Fuller said. That would reverberate around the city.”
Most Americans are struggling day to day, and paycheck to paycheck, but the taxes from our hard earned work goes to pay these bloated salaries in the DC swamp. I won’t be shedding a tear for any of these people nor the city that has wrecked so many American lives when the president puts a cap on the federal financial hose!
Crying Towel.
The only thing of value of Yahoo Finance is their stock update for the major indexes.
They are liberals who hate Trump and red state America.
Sounds like a plan....
That's all I need to hear to not feel sorry for them.
Too bad, so sad.
“Trump’s budget could plunge nation’s capital into recession”
Nothing wrong with that. The federal fascist bureaucrats should sweat over being hanged for treason.
Exactly.....
So much WINNING
Maybe they can be retrained or go back to school and try another vocation. Isn’t that what they say to us! Welcome to the lines MF
Good. Join the real world for a change. Now maybe those of us engaged in real business in the region won’t have to wade through hours of traffic.
It’s about time DC felt a recession like the rest of the country.
Maybe all the Libs losing jobs will move away from Northern Virginia & the votes of the rest of Virginia (except maybe Bobby Scott’s district) for Republicans might result in some Repub wins. I’d like to see Timmy Kaine GO & also a Repub Gov to replace Clinton Crony Carpetbagging Slimeball T-Mac.
Yeah, that wouldn’t bother me in the slightest if it helps the rest of America.
Boo hoo. Time to find out how the rest of the nation feels. However, as regulations are peeled back, the rest of the nation WON’T have a recession.
And really, $111,000 dollars??? Wish I earned that much!
Great news!
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