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Article: The Myth of Federal Spending
- Article from:
- The Washington Post
- Article date:
- April 6, 1992
- Author:
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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We now know that the federal government is spending more and
not less for goods and services in the Washington area. And that has
a lot of people confused about what went wrong with the local
economy.
It had been widely assumed, without any real basis in fact,
that the local economy's sharp decline over the past year was due in
large measure to a drop in federal spending. Some still subscribe to
that theory, though a recent report on federal purchases in the area
has effectively put an end to such speculation.
At the same time, however, that report appears to have created
a $3 billion mystery.
The report, which was prepared by the Greater Washington
Research Center, shows federal ...