Economy

When President Obama announced a proposed hike in the federal minimum wage rate in his State of the Union address last week, the reaction was swift. House Speaker John Boehner spoke for most Republicans in condemning the increase (from the current $7.25 an hour to $9.00), reminding his colleagues that “when you raise the price of employment, guess what happens? You get less of it.”

Congressional fiscal debates are making headlines, but in reality our representatives are unlikely to substantially cut spending — despite the harsh consequences of failing to do so.

Calls echo and re-echo for the government to tax the rich more, always based upon the supposition that such a tax is fair and moral. But is it really fair, moral, or just?

The announcement that Time Warner may be selling most of its magazines to another publisher is more evidence of its continuing loss of credibility in a market increasingly receiving its news and commentary from more reliable and trustworthy sources.

 

 

Senator Rand Paul's introduced his National Right-to-Work Act on January 31. His legislation is well-timed, considering the shift from forced unionism states to right-to-work states accelerating around the country.

 

 

 

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