D.C. finances seem strong as suburbs suffer

When Wall Street gets the blues, state and local governments can suffer major depressions – from falling tax revenue income to increased bond payments caused by higher interest rates. Budgets can sink, programs can get cut, workers can be laid off.

From pieces of the puzzle I have pieced together, the District faces the current financial debacle in better shape than its neighbors. Virginia and Maryland and our neighboring counties have been whining about declining revenue for months, and they have cut their budgets accordingly.