Oct 26, 2011

"new age of fiscal austerity" Washingtons best wealth years ever... During our nations worst

Federal employees whose compensation averages more than $126,000 and the nation’s greatest concentration of lawyers helped Washington edge out San Jose as the wealthiest U.S. metropolitan area.

The U.S. capital has swapped top spots with Silicon Valley, according to recent Census Bureau figures, with the typical household in the Washington metro area earning $84,523 last year. The national median income for 2010 was $50,046.


In 2010, six of the ten richest counties in the USA were around Washington DC

The highest median income counties in the USA for 2011

Rank County Median household income 1  City of Falls Church, Virginia $113,313 2 Loudoun County, Virginia $112,021 3 Fairfax County, Virginia $104,259  4 Hunterdon County, New Jersey $102,500 5  Howard County, Maryland $101,003 6 Los Alamos County, New Mexico $100,423 7 Douglas County, Colorado $99,522 8 Morris County, New Jersey $96,316 9 Somerset County, New Jersey $96,233 10  City of Fairfax, Virginia $96,233 11 Arlington County, Virginia $93,806  12 Nassau County, New York $92,450 13  Montgomery County, Maryland $92,213 14 Calvert County, Maryland $90,621 15 Stafford County, Virginia $90,586 16 Prince William County, Virginia $88,850 17 Williamson County, Tennessee $88,358 18 Forsyth County, Georgia $88,040 19 Putnam County, New York $88,036 20 Marin County, California $87,728 21  Charles County, Maryland $86,141

DC area counties were 11 of the top 21, 5 of the top 10, 10 of the top 16.


Washington also had the most lawyers per capita in the U.S. compared with the 50 states, with one for every 12 city residents, according to figures from the American Bar Association and the Census Bureau. In New York State the figure was one out of every 123 residents, while in California the ratio was one in 243.


A New Spending Record: Washington had its best year ever in fiscal 2011.
The Congressional Budget Office recently finished tallying the revenue and spending figures for fiscal 2011, which ended September 30, and no wonder no one in Washington is crowing. The political class might have its political pretense blown. This is said to be a new age of fiscal austerity, yet the government had its best year ever, spending a cool $3.6 trillion. That beat the $3.52 trillion posted in 2009, when the feds famously began their attempt to spend America back to prosperity's

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