Sign Of The Times: Washington DC Leads The Nation In Personal Income Growth For Past Decade
North Dakota may have led the states, but Washington DC led the nation:
North Dakota’s growth in personal income per capita of 78.75% between 2000 and 2011 was the highest for any U.S. state, but was just behind the 80.6% growth in per-capita income in Washington, D.C. What’s the lesson here? Maybe that even an abundance of natural resources and oil prosperity in North Dakota can’t generate increases in personal income like the federal government in D.C.?
From 2000 – 2011 we went from a spend-happy, big-government Republican administration and Congress (though, to be fair, Democrats held Congress starting in 2007) to an even more spend-happy, big-government Democrat administration and Congress.
Not even an oil boom can keep up with the explosive growth in federal government under both Republicans and Democrats.
The rest of the economy is stagnating, but the business of big government is thriving. And to be clear, we’re not just talking about pay for government employees here, but pay for all the people who go to Washington to massage special deals out of an ever-bigger government.Tags: big government, personal income, washington dc