be washington, d.c. had all this money pouring. in in washington, d.c. really what matters in a lot of cases is connections, relationships, and if you are not in that closed circle, you are not going to get access to the funds. sean: you would think that these people that have a monopoly on compassion, steve would just look around them in some of these neighborhoods. i have been to many of them and they are struggling and people are starving and their kids need food stamps to feed themselves. it s unacceptable. also, if you look at that statistic that we had on the screen that the top 20% or top 5% is making $475,000 a year. i mean, of all the 50 wealthest cities in the country, it s the top as far as that concentration of wealth. so i think that compassion is all happy talk. i think when you look actually where the money is is spent, how the money is spent and hot money is spent on, you see you have a political class there that s really just concerned about themselves. sean: you
philosophical differences. at the end of the day, they are all primarily looking for way to make money. you don t make money by shrinking government. you make money by growing government. sean: you made some comparisons. one in six americans in poverty. one in four americans their mortgages are under water. meaning they can t even get their way out of their house without losing. it s the great unreported story of our time right now. because, you have got this is extraction. the rest of the country is in a financial economic crisis. much of the country is almost in a depression. and, yet, you have washington with the three richest counties bordering it big number, per capita income is now higher than silicone valley. the great technology engine in the united states. sean: amazing. fourth biggest city generating millionaires. fourth fastest. if you look at every statistic about people and incomes, washington, d.c. and the reason is is because you have a massive federal budget
problem is i guess they are not buddying up to people. buying the right people the expensive bottle of wine and taking them out to dinner and wining and dining and say, listen, i need your help on this bill. yeah. sean: i need a provision here. can you help me out? yeah. sean: that s what s happening and they are all getting what they want. that s exactly right. if middle class americans could hire lobbyists, their lives would be better. it s a severe subgame in washington, d.c. the success and wealth of washington, d.c. doesn t create wealth for the rest of the country it suck it ups. we need to recognize that because washington is a boom town, that is bad news for the rest of the country. and until we do something about it, until we sort of cut off that supply or reduce it, it s just going to get worse. sean: stay right there. we re going to come back. we ll continue more after the break. stay with us as peter and steve do as well. straight ahead.
restaurant tourists open in this area because business is steady year around. washington, d.c. is a town that is unlike the other boom towns of america s past. in that the luxurious living that s afforded here doesn t come from its own creation of wealth. but it comes from extracting wealth from the rest of us. when other towns created automobiles or beef cattle for american consumption, it made them a boone boom town. the luxurious lifestyle washington has today which is comparable to beverly hills or wall street is very different. because that wealth creation is really wealth extraction from the rest of us. in washington, d.c. today, there is a game being played, and there are are always winners and losers. but the reality is that when that game is is played, it s played with our money. and we re the ones that end up paying for it. sean: we continue with peter sweitzer and steve ban
with no wealth and making it off of government sports car and paying cash for it guy sitting there advertising don t have to advertise and guy like in here like in miami and los angeles and they can pay cash. luxurious lifestyle of the rich and powerful has metastasized. fine restaurants which you can t get into. i have never gone one washington correspondent s dinner, steve. i will tell you what, the reason you don t go down there, because you don t like that whole system and how it is set up. sean: i don t like the whole scene. no way. we have to start looking at this with a jaundiced eye. it this thing is out of control. the founders never wanted things like paris and london and rome.