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The Boston Globe

Opinion

JEFF JACOBY

Washington booms – thanks to other people’s money

When the economy is pinched, D.C. feels no pain

Give Stephen Fuller credit for this much: He’s willing to admit he was wrong.

During the debate leading up to the federal budget sequester, Fuller was a voice of doom. An economist at George Mason University and the director of its Center for Regional Analysis, he predicted that sequestration would be especially calamitous for Washington, D.C., and its surroundings. If Congress didn’t stop the automatic spending cuts from going into effect, Fuller warned last year, the Washington area was headed for a “devastating recession.” Some 450,000 jobs, many of them in the private sector, would be wiped out in Virginia, Maryland, and the District of Columbia.

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