Funny, why is it when liberal places need more money, they often turn to conservative tactics? In this CNBC article on Washington D.C. losing federal money, I noticed this:
Moves by President Barack Obama to curb spending and jitters about potential cuts have already had an effect. The region ranked 13th out of the 15 biggest metro areas last year in job growth, the COG said.
The regional office market also was flat in the third quarter, with defense contractors in particular delaying signing leases until the budget issue is clarified, consultancy CBRE Group said in a statement.
District of Columbia Mayor Vincent Gray, worried about the loss of federal money, is backing a standalone community college for worker training and reducing capital gains on technology investments.
“We’ve got to be able to find ways to be more self-sustaining and this is an opportunity to do that,” he told reporters.
Reducing capital gains might make the place more profitable? Who knew?