Min Wage Increase = Transfer of Money Away From Middle Class

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[The Dude]

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[The Dude]

Then I think we agree on most points. And I do agree the inequality is not causing the sluggishness, the sluggishness of the recovery is due to the type of crash (left people having to balance their sheets rather than buy consumer products) and a lack of gov't spending (mostly not hiring people). I was merely trying to explain that even with recovery, it's only recovering for certain people (those at the top and those lucky enough to find jobs, but those not with jobs or those in meager jobs already are seeing no growth).

Healthcare costs, not just for the gov't, is the real crisis in the nation. Either it's not affordable, not adequate, or too much of one's income must go towards health care for the vast majority of people.

I find it fascinating that there isn't a huge movement to make medicare extended to everyone.

[Kane]

I think one thing often overlooked is the length of our sequester implementation relative to others. We have seven months to incorporate these changes in the affected institutions and the result in terms of economic growth might come on in rapid fashion as more and more elements of the cuts come into play. We do not have an entire fiscal period to feel this out.

I think the degree to which this changes our growth rates has yet to be settled.

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[Kane]

[Kane]

[SapphireSpire]

[battleax86]