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Index › News & Events › Political News
 

Dot Com Type Bust in D.C.

 
Author: Lance Winslow
 

What if the government stops spending in Washington D.C. with all those insider run companies? What if the money all of a sudden stops flowing like water? What if the government has to be more careful spending our taxpayers money and watch the controlling of the deficit? What if it is time to reign in the drunken sailor type spending in Washington D.C.; what will happen then?

Recently the Pentagon has declared it was going to cut back on some of its expenditures and looked to cut 15 Billion in aircraft, ship building and other programs to comply with the lessened funds for next years budget. As soon as this happens there will be areas hurt where folks build these things. For instance the C-17 Globemaster III Aircraft built in Southern California. Yet Southern California can take such a hit because it is only one of many industries there.

But what happens when all government agencies located in Washington D.C. cut costs? What happens when all those local area firms see an end in their Gold Rush? Will we see the States of Maryland, Virginia and Delaware decimated economically over night? Will we see massive lay offs and housing boom crash? Will we see foreclosures and economic ruin? Will it be just like the Dot Com bust in Silicon Valley when it happens? Think on this.

 
 
 

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