It hasn't been a good month for Democrats in Washington.
Democrats are falling over themselves trying to refute recent reports from the non-partisan Congressional Budget Office (CBO).
Earlier this month, CBO said Obamacare would cost the equivalent of 2.5 million workers over the next decade.
However, Democrats insist that doesn't necessarily translate into a loss of jobs. It simply means that some workers may choose to leave the work force, they said.
White House Press Secretary Jay Carney tried to spin this to mean that Obamacare is creating entrepreneurs. He actually suggested people were leaving their jobs to find more opportunity as enterpreneurs.
I guess that's why the number of people on food stamps is skyrocketing.
The Congresssional Budget Office dealt another blow to Democrats this week. CBO said raising the minimum wage to $10.10 would cost the U.S. economy 500,000 jobs.
Democrats are fiercely denying the claim.
House Minority Leader Nancy Pelosi said the report "contradicts the consensus among hundreds of America’s top economists, who predict that a wage hike would actually stimulate the economy, raise demand and job growth, and provide help in job creation.”
This administration and its lackeys have unleashed one destructive policy after another on the country. The economy is still faltering, employers are still uncertain and CBO is now predicting the country will soon be hemmorraging hundreds of thousands more jobs.
CBO is standing by their report. And they should. They're right.
You cannot raise wages arbitararily as if business owners have limitless amounts of cash to spend. An increase in wages means businesses have less to pay other employees. They must either cut staff, reduce quality or raise prices.
Change comes with consequences. A forced increase in the minimum wage will cost jobs, just as many other policies of this administration have done.
Greg Belfrage (@belfrageshow) is heard mornings 6am-9am on KELO 1320 AM and 107.9 FM. Greg can be contacted at firstname.lastname@example.org.