The right-wing claims that increasing the federal debt steals from the future generation. This is wrong. First, the federal debt never needs to be repaid, only the interest on the federal debt. Second, most of the federal debt is held by Americans. When the future generation pays money towards that debt, they will be paying… Continue reading Short summary: the federal debt is not a generational issue
Category: Shorts
Short summary: argument for minimum wage increase
If you don’t want to wade through all of the articles about a possible minimum wage increase, here is the primary argument in favor of such an increase. A modest minimum wage increase at this moment: will increase the wages of low-income workers, will not cause employers to lay off workers, will make other income… Continue reading Short summary: argument for minimum wage increase