Friday, November 2, 2012
And the Northern Virginia economy hangs in the balance...
The likelihood of sequestration being triggered in January will hinge on the outcome of next week's presidential election, according to Northern Virginia Congressman Jim Moran (D-8th). Moran gives 50/50 odds that Congress will reallocate $1.2 trillion in debt reduction during a lame duck session. If they don't, then $492 billion in defense spending included in the Budget Control Act will be triggered, which could result in devastation for the Northern Virginia economy, which relies heavily on defense contracting. Moran, who is running for reelection, sits on the House Committee on Appropriations, is Ranking Member on the Subcommittee on Interior, Environment and Related Agencies and is a member of the Defense and Military Construction, …
Thursday, September 15, 2011
2,500 employees moved in; 3,900 to come in the next year to the Mark Center.
Today marks the infamous Sept. 15 Base Realignment and Closure (BRAC) deadline, but it is not the local traffic doomsday people feared. That is because only about 2,500 federal employees have moved into Alexandria’s Mark Center at the intersection of I-395 and Seminary Road. The move-in of another 2,500 people will continue slowly through the rest of this year. The brand-new facility will eventually be the workplace for 6,400 Washington Headquarters Service employees. The remaining 1,400 employees are expected to move into the building by September 2012. Why So Many Feared Sept. 15 Sept. 15, 2011 was mandated by Congress as the end-date for the BRAC process, establishing a timeline in which the needed buildings had to be constructed and …
Wednesday, July 27, 2011
Congressional phone lines jammed, but financial planners' phones are quiet.
Reports that Congressional phone lines were jammed Tuesday indicates people are very concerned about the mounting debt crisis—but Alexandria residents don’t seem to be too concerned about how it will impact their own finances. Alexandria-based financial advisors said they have not gotten a flood of phone calls or frantic emails from clients wondering how a government default could hurt their own portfolios. “I think it’s interesting the lack of calls about ‘what are we going to do,’” said David Armstrong of Monument Wealth Management in Alexandria. To Armstrong, that “[signals] that even though it’s a mess, everyone thinks it’s going to be fixed before it becomes a crisis.” So far, the markets have not reacted dramatically. The Dow Jones …
Sunday, July 24, 2011
Representative spoke to Democrats in Alexandria on Saturday night.
The country wants to know: Will Congress increase the debt limit by August 2, or will the United States default on its debt and lose its AAA bond rating? Democratic Virginia Congressman Jim Moran (8th) has been talking with Minority Whip Steny Hoyer (D-Md.). “It’s not going well,” Moran said at a Democratic event on Saturday night in Alexandria. “Boehner is having a meeting right now in the Capitol and basically they’re deciding whether to allow an international implosion of our financial system, which could send us into the second Great Depression. “They (Republicans) don’t know what they don’t know. They don’t know how important the stability of American currency is to the stability of the world’s financial systems. They don’t …
Representative spoke to Democrats in Alexandria on Saturday night
The country wants to know: Will Congress increase the debt limit by August 2, or will the United States default on its debt and lose its AAA bond rating? Democratic Virginia Congressman Jim Moran (8th) has been talking with Minority Whip Steny Hoyer (D-Md.). “It’s not going well,” Moran said at a Democratic event on Saturday night in Alexandria. “Boehner is having a meeting right now in the Capitol and basically they’re deciding whether to allow an international implosion of our financial system, which could send us into the second Great Depression. “They (Republicans) don’t know what they don’t know. They don’t know how important the stability of American currency is to the stability of the world’s financial systems. They don’t understand…
Sharpie
7:41 am on Monday, November 5, 2012
Make a special note to watch the Free and Equal Election Debate between third party Presidential candidates, Gov. Gary Johnson (Libertarian ) and Dr. Jill Stein (Green) to be aired tonight on Monday evening, Nov. 5th from 9:00 - 10:30 pm Eastern Time. Perform a worthwhile civic duty, and be certain to listen in on this historic debate so that you can make an informed decision on voting day. Third… more ›