Following his inauguration ceremony on January 20th, President Biden settled into the Oval Office to execute a stack of executive orders and other actions. The third document he signed serves to return the United States to…
Colliers recently released its U.S. 2021 Investor Sentiment Survey Results, an annual look at the mood of the investor community at the start of the New Year. Not surprisingly, more than half of all investors surveyed…
The Obama administration’s “OMB Report Pursuant to the Sequestration Transparency Act of 2012,” released last Friday (September 14, 2012), outlines the “devastating” and “deeply destructive” impacts on virtually all aspects of the federal budget that will take place if Congress does not act to prevent about $109 billion in automatic across-the-board budget cuts from occurring at […]
Following his inauguration ceremony on January 20th, President Biden settled into the Oval Office to execute a stack of executive orders and other actions. The third document he signed serves to return the United States to…
The Sequester has arrived–mostly unexpected, entirely unwelcome and apparently it intends to hang around a while. What does it mean for landlords of federal-leased properties? Fortunately, probably not much. At least not much new. The federal government has been staggering from crisis to crisis for years. A Look at the Cuts The great concern with sequestration is […]
Following his inauguration ceremony on January 20th, President Biden settled into the Oval Office to execute a stack of executive orders and other actions. The third document he signed serves to return the United States to…
The Obama administration’s “OMB Report Pursuant to the Sequestration Transparency Act of 2012,” released last Friday (September 14, 2012), outlines the “devastating” and “deeply destructive” impacts on virtually all aspects of the federal budget that will take place if Congress does not act to prevent about $109 billion in automatic across-the-board budget cuts from occurring at […]
“Fiscal cliff,” a phrase coined by Federal Reserve Board Chairman Ben Bernanke, is shorthand for the “many major fiscal events” that could happen simultaneously at the end of this year and in January 2013. Congress faces a serious conundrum: it can either let current policy (including automatic cuts in federal spending through sequestration, the expiration of […]
We’ve often said on this blog that you need only look at GSA’s budget as the bellwether for leasing demand. In recent years we’ve noted that budget reductions imposed by Congress have put GSA in a position where its owned inventory suffered and demand for leased space was buttressed. Despite the agency’s stated goal of […]
As discussed in Part 1 of this two-part series on GSA’s budget problems, Congress has screwed down the appropriations spigot, nearly shutting it off completely. That article showed how congressional appropriations for GSA’s Construction & Alterations projects and Repairs & Maintenance programs have declined dramatically over the past several years. The appropriated funds are insufficient […]
With the November election approaching, the topic of federal workforce reduction looms ever larger. The Republicans unveiled their Platform last Tuesday night (August 28th) and in it asserted their desire to reduce the federal payroll by 10%, to be implemented through attrition. The effort is not new, numerous Republican-sponsored bills were proposed in both the […]
At last week’s Republican Convention the GOP platform was unveiled revealing the party’s plan to reduce the federal payroll by 10%, an effort we expect would be largely implemented through workforce reductions. This is nothing new. In fact conservatives in the legislative branch have already initiated a number of bills designed to cut both the […]
The late-19th century German economist, Adolph Wagner, observed that as progressive industrialized economies grow the public sector expands as a percentage of the overall economy. Wagner’s observation, which later became known as Wagner’s Law, or “The Law of Increasing State Activity,” has persisted through the ensuing century to the present. Why does government spending increase? Wagner’s […]
Dr. Stephen S. Fuller at an AIA conference last October presenting an analysis that one million defense industry jobs could be lost as a result of expected defense budget cuts. This was the pre-cursor to the study released this week. As the threat of sequestration looms ever larger, the results of a new study released […]
