It may take a while to unburden America from that which has been

Diogenes

Nemo me impune lacessit
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Washington DC's metroplex has the highest median household income in America outside of California’s Bay Area.

$121k, versus the national median of $82k.

Can anyone explain to me why this is acceptable?

Because I’m struggling to think of reasons why we should be okay with it.

Outside of extracting value from the federal government, transferring taxpayer dollars to GS-15s in the administrative state and middle managers in the GovCon-industrial complex, the Capital Beltway has no meaningful economy.

It produces almost nothing of value for the rest of our country.

It’s not a financial center, like New York ($95k), Bridgeport ($111k), Chicago ($87k), or Dallas ($86k).

It’s not the home of any large ports, like Baltimore ($94k) or New Orleans ($61k).

It’s not a major research hub, like Boston ($110k) or Raleigh ($96k).

It doesn’t even have nice weather, like San Diego ($103k), Los Angeles ($91k), or Honolulu ($103k).

Yet the median household in DC makes significantly more than the median in any of these major metropolitan areas.

Help me make sense of this, because the more I look at this, the more I start to think the entire system is just a racket.




:bigthink:
 
"I was briefed today by the CFO of the Kennedy Center on its financial situation. She told me there is ZERO cash on hand. And ZERO in reserves. And the deferred maintenance is a crisis. For the past months they’ve been digging into the DEBT RESERVES. We must fix this great institution. The people working hard at the Nation’s premier performing arts center deserve better - and so do all Americans".




View: https://x.com/RichardGrenell/status/1889833504562675852
 
ELON: WITH THE PRESIDENT’S SUPPORT, WE CAN SLASH THE DEFICIT FROM $2T TO $1T

“With the President's support, we can cut the budget deficit in half—from $2 trillion to $1 trillion. And with deregulation—eliminating countless rules that don’t serve the public good—we can free the economic boulders holding America back. If we do that, economic growth could hit 3%, 4%, maybe even 5%."



View: https://x.com/MarioNawfal/status/1889848149604188497
 
The Kennedy Center reported $286 million in gross receipts and $633 million in total assets in its most recent Form 990 filing.

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:bigthink:
 
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