Courtesy of CIS, enjoy a story of your tax dollars and legislators at work… against you.
As a small child could easily intuit, raising the minimum wage also raises the unemployment rate by pricing those closest to poverty out of the labor market and into the smothering embrace of the welfare state. By making it particularly difficult for young workers to get their foot on the first rung of the ladder, minimum wage is largely responsible for a youth unemployment rate (16- to 24-year-olds) that at 16.2% is double that of other age groups. Minimum wage originated as one of the tactics FDR used to prolong the Great Depression, keeping his pernicious grip on power firm.
Yet our wise leaders insist on imposing minimum wage, so there must be some advantages. Joke Biden gives an example:
“Think about all it means to a middle-class family. An increase would cover all that they are now spending on groceries – just this increase. If we increase the minimum wage to just what we’re talking about, all the money you spend in a year on groceries, will be equal to that increase. It’s like getting a free year of groceries,” Biden said.
His boss Obama wants to raise the current federal minimum wage from $7.25 to $9. How high this will push the unemployment rate is anyone’s guess, but just think: a “free year of groceries”!
Democrats’ poverty of ambition leaves an opening for House Republicans, who could promise us two free years of groceries by passing a bill to raise the wage an extra $1.75 to $10.75 — or why not three free years of groceries at $12.50?
Once we get the minimum wage high enough, it would be senseless for young people even to bother looking for jobs, leaving them more time to vote.
Another benefit is the inevitable effect on inflation. As the value of the dollar falls, the number of millionaires will correspondingly rise. Eventually, minimum wage jobs will become unnecessary, as anyone will be able to earn a six-figure salary panhandling.
Remember earlier this year when Maxine Waters claimed that Barack Obama was building a database on every single American the likes of which has never been seen before?
Since she made that statement we have learned about the data mining of millions of phone calls as well as the monitoring of emails and internet usage, and we already were aware of the 20,000 drones which will be circling the cities by 2020 and it is only a matter of time before the government has access to our healthcare records so it appears as if almost every aspect of our personal lives will be subjected to some type government interference. The right to privacy will soon only apply to a woman when she wants to have an abortion.
But the news may be getting even worse because according to this article ‘Judicial Watch’ has obtained records from the ‘Consumer Finance Protection Bureau’ which shows this board has been collecting the personal financial records of millions of Americans (without their knowledge) for the purpose of conducting some study: Read more…
Woops! Obama Ordered Gun Report Reveals Guns Actually Save Lives
Source: Story Leak
A gun report ordered in by Obama has ended up highlighting the fact that legal guns are actually saving lives and diffusing crime. Woops!
In a recent study orchestrated by the CDC and carried out by the Institute of Medicine and National Research Council, it was found that individuals involved in violent crimes who defended themselves using techniques other than carrying a gun were more likely to be injured when compared to those who were carrying a concealed firearm.
All-in-all, the Obama ordered report ended up finding more pros than cons in regards to the right to an open or concealed weapon. The report also reminds us of the numerous causes of gun deaths, citing that most gun deaths are at the hands of those who used a gun for their suicide — not homicide. The report highlights the poor state of America’s suffering mental health. The report states that suicide by guns outweighs the amount of deaths caused by violent crimes by 61%.
Read more HERE.
The Saga of Detroit and the Coming End of the Bureaucratic State
Detroit has been on a collision course with reality and now reality is here. Detroit is bankrupt and on its last leg financially. There was time that Detroit was one of our bigger cities but over the past half century, the population has decreased by more than half. There is nothing left but a hallowed out city which resembles a third world hell hole than a real America City. I remember being in Detroit in the 80’s and being five blocks from the convention center. I asked a hotel employee best path to walk and he looked me with a stern look, “Take a cab.” I told him, “Hey it is only five blocks, can’t be that long,” and he responded, “You may not make it alive.” I took a cab. A friend of mine mentioned to me that while she was asleep on a business trip a couple of years ago, a thief came in to steal a piece of the furnace from her hotel room. She felt she was lucky to be alive and She told her company “No more trips to Detroit”.
I have never visited a more depressing or a less exciting city than Detroit. It is a city of boarded up shops and is under receivership and headed toward bankruptcy. The key element is that as Walter Russell Mead noted in a recent piece, “Blue power is in big trouble in Detroit, where the threat of bankruptcy has both public sector unions and municipal bondholders at the barrel of a gun.” New York Times Mary Walsh noted that the Unions are seeking to have others take the hit while they keep hold of their salaries and benefits when she wrote, “The city’s proposals, which could give some bondholders as little as 10 cents on the dollar, are making some creditors think they would be better off in bankruptcy. They see the specter of a federal judge imposing involuntary losses as less ominous than it was for New York.…But city retirees, facing the prospect of sharply reduced benefits whether in bankruptcy or under Detroit’s restructuring proposal, think they stand squarely on the moral high ground because despite the poverty of many current and retired members, they have already offered big concessions.”
Why is this asswipe still employed by capital one? Funny how the liberals jumped all over Paula Deen for what she said 30 years back, but not a peep about alec baldwin and all his racist rants, all his rants against gays!