William Katz:  Urgent Agenda

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SHOCKED?  WHY? – AT 1:29 P.M. ET:  Bob Hope used to tell jokes about Bing Crosby going to Washington to visit his money.  So true, so true.  More so today.  From CNS: 

(CNSNews.com) - The five richest counties in the United States when measured by median household income are all suburbs of Washington, D.C., according to the American Community Survey data released today by the Census Bureau.

According to the American Community Survey's new five-year estimates (2012-2016), the five richest counties in the country are: Loudoun County, Va., where the median household income was $125,672; Falls Church City, Va., where it was $115,244; Fairfax County, Va., where it was $114,329; Howard County, Md., where it was $113,800; and Arlington County, Va., where it was $108,706.

An additional four Washington-area counties made it into the Top 20: No. 9 Fairfax City, Va. ($104,065); No. 14 Montgomery County, Md. ($100,352); No. 17 Prince William County, Va. ($98,546); and No, 20 Stafford County, Va. ($97,606).

That gave the Washington, D.C. area a total of 9 out of the 20 richest counties in the United States.

Five of the Top 20 richest counties were in northern New Jersey or New York: No. 6 Hunterdon County, N.J. ($108,177); No. 10 Morris County, N.J. ($102,798); No. 11 Somerset County, N.J. ($102,405); No. 12 Nassau County, N.Y. ($102,044); and No. 19 Putnam County, N.Y. ($97,606).
Another three of the Top 20 richest counties were in California in the San Francisco Bay Area: No. 13 Santa Clara County ($101,173); No. 15 Marin County ($100,310); and No. 17 San Mateo County ($98,546).

COMMENT:  Lots of money where government is.  The federal government actually pays quite well.  Many of the jobs pay more than their civilian counterparts.  And, of course, the Washington area is filled with lobbyists, contractors and consultants. 

Government is big business.  Much too big.  And you're paying the bills.

December 7, 2017