Robust Growth? Not So Much…

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DC vs ND Growth Chart Interior

Real GDP growth (technically it’s called state domestic product, or SDP) in the District averaged 1.28% since 2007. North Dakota, a state with a similar population, averaged 7.2%. In order to do the things the District government says it wants to do — combat homelessness, fund affordable housing, expand Medicaid and other social services, a… Read more »Read more

Out of Balance.

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EconGrowthDC_Balance_Text

Government spending accounts for approximately 12% of the economy of the average state. In the District, it’s 35%. This ratio is unhealthy. The answer is to grow the private sector segments of our economy at rates faster than government itself grows. The District should strive to grow its private sector fast enough so that government… Read more »Read more

What is Poor?

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A good analysis of the various techniques used to define poverty, from the New York Times. Our guess is that the true poverty line in DC is twice the national average.Read more