Money, Banking and The Fed

The Minimum Wage Increase And Unemployment 

Originally Posted At Republican Study Committee
July, 2009

On January 4, 2007, when the Democrats took control of the U.S. House of Representatives, the minimum wage stood at $5.15 per hour and the unemployment rate was 4.6%. On May 25, 2007, the Democrats enacted a plan to raise the federal minimum wage from $5.15 to $7.25 over three increments. As evidenced by the above chart, rising unemployment since 2007 has coincided with minimum wage increases. So Chairman Miller was right: life has dramatically changed for millions of people. 
Read More...



At The Fed, Nothing Succeeds Like Failure

Originally Posted At The CATO Institute
By George A. Selgin
July 14, 2009

Although plenty of questions are being asked about Secretary Paulson's plan granting sweeping new powers to the Federal Reserve, a crucial one is in danger of being overlooked. That question is: What use has the Fed made of past extensions of its powers? Is it reasonable, given the Fed's record, to expect it to use new powers responsibly?

The answer ought to give plan supporters second thoughts. It is that, whenever the Fed acquired new powers in the past, it abused them, often with dire consequences for the U.S. economy.
Read More...


 
 

Action Center

Patient Opt Out

What's New?
Get the latest happenings

Mad Enough?
Join the Fight

Stop the Raid!
Sign the Petition

No Health Rationing!
Sign the Petition

No More Bailouts!
Sign the Petition

Seniors Sound Off
Submit your Blog Posts

Please Support SSI
With Your Online Donation

Recent News

Democrats Wave Social Security Bloody Shirt

September 2, 2010
FactCheck.org says White House and Democrats are distorting Social Security issue:  "The president claims Republican leaders are as eager to 'privatize' Social Security as they are to repeal his health care law. That's not true."
Read Full Story

Smackdown of Obama by Supreme Court may be inevitable

August 22, 2010
Source: Examiner.com
According to sources who watch the inner workings of the federal government, a smackdown of Barack Obama by the U.S. Supreme Court may be inevitable.
Read Full Story

Social Security Cuts Weighed by Panel

August 20, 2010
Many Washington insiders predict that any 2011 debate on Social Security will focus on the issues of benefit cuts and tax increases. In addition to raising the retirement age, which is now set to reach age 67 in 2027, specific cuts under consideration include lowering benefits and trimming annual cost-of-living increases.
Read Full Story

How to escape 'cyber past'

August 18, 2010
The private lives of young people are now so well documented on the internet that many will have to change their names on reaching adulthood, Google’s CEO has claimed.
Read Full Story

Obama’s (Latest) Social Security Whopper

August 16, 2010
Source: FactCheck.org
President Obama claimed that Republican leaders are pushing to make "privatizing Social Security a key part of their legislative agenda" should they regain control of the House and Senate. He said this is "right up there on their to-do list with repealing" parts of the new health care law.  FactCheck.org finds the president’s claim to be mostly false.
Read Full Story

Threat to Boomers' Retirement

August 16, 2010
Older workers, who typically fared better than their younger counterparts in recessions, have been hit just as hard by layoffs this time around. As a result, the fraction of people 65 or older who are working has leveled off after a long period of growth. As of July, it stood at 15.9%, down from 16.3% in mid-2008.
Read Full Story

Read All Recent News



Please Sign up for 'Recent News' Updates

Senior Resource Center

Social Networks