Arguments Against Raising Minimum Wage Don't Hold up

Whether it's debt or deficit is irrelevant. Do we not owe $17 trillion?

 

They are very relevant. A $17 trillion deficit would be (inconcievably) alarming, but a $17 trillion debt made up mostly of "deposits" from your own citizens is not nearly so.

Yes, we do owe that. But if I say to you, "I owe $300k", how do you judge the weight of that debt, in terms of your income, or my income?

 

$17.7 Trillion, actually.

 

Ah yes, the Krugman mantra of "debt doesn't matter". Pray tell, what citizens own all this debt again?

 

Wealthier ones I suppose. I own some of it.

So get back to work and pay your taxes so I can redeem in a few years.

 

Sorry, too busy hiding my money offshore to worry about that.

 

McDonald's Has Its Worst Month In 10 Years. Again.

And all because of minimum wage, right?

 

Huh?

And you think raising their costs/prices will help?

 

In the what's next dept via drudge:

Welfare recipients can use debit cards to buy marijuana...

Now taxpayers are being fleeced to pay for the welfare crowd to get high.