cbo report on raising the minimum wage

If you put the little red book down, you might be able to go back and realize I was talking about Republican spending too.

Only reason it's a recent topic is because historically they talked a good game about fiscal responsibility.

And when national debt goes up, gdp goes down, and jobs / buying power with it.

The market sets salary rates based on supply and demand - as it should. Originally Posted by berryberry

Yes sir!

This goes for SW as well. Feel like I’ve been saying this for a while now in these threads

Nothing in this reply is true. Taxation and spending does not drive down GDP. Falling GDP does not cause inflation. In fact, rising GDP causes inflation. This is nothing but a series of right wing talking points with no basis in actual economics. Government spending is, in fact good. It’s only possible with taxation. Funny how no one seems to have complaints about the government spending when the Republicans hold the purse strings. Originally Posted by El-mo

ok, let me get this right..... you are suggesting that raising taxes on workers which in turn gives them less buying power does not decrease the gnp?

and raising the corp tax again doesnt affect gnp?

please advise what economic class you got this from so i make sure i never take it

All I can say is WOW... the level of ignorance of economics displayed in this thread is jaw-dropping!

Government spending is, in fact good. It’s only possible with taxation. Originally Posted by El-mo

Yeah, because government ALWAYS knows how to spend your hard-earned money better than you do, right el-mo?

On things like Solyndra, UC fraud, "shovel-ready" projects...

... and how about the popo? If all government spending "is, in fact good" then why would anyone want to defund them?