In response to:

Congressional Liberals: This Fiscal Cliff is Pretty Great, Actually

Ross83 Wrote: Nov 26, 2012 7:16 PM
minimum wage laws destroy jobs and whole neighborhoods. If the forced wage rate is higher than the marginal productivity of hiring a new employee there will be no job. Period. The wage is not 5 or 7 dollars an hour its is ZERO dollars per hour. That is why there are many whole neighborhoods were no body has a job at all and all the businesses who would hire new comers to the world of actual work have simply moved out or have switched to capital equipment.
DelicateLoyalist Wrote: Nov 26, 2012 7:20 PM
Ross - go read the articles. America was prosperous in the 50s - 60s with "minimum" wage at about $10-$12 per hour. We are a service industry country now - hard to outsource many of the jobs.

The initial hit would be difficult if it happens in a vacuum. Walmart already pushed for minimum wage hike in 2005.

Many benefits to hiking the minimum wage.

And again: we're already subsidizing the poor.
Ross83 Wrote: Nov 26, 2012 7:43 PM
it would put me right out of business.
Ross83 Wrote: Nov 27, 2012 9:04 AM
what walmart can pay and what I can pay are a bit different. Also you don't know much about the 1950s. Employment was good for some groups but monstrously high for others.

No, you aren't dreaming.  This post is a virtual facsimile of the 'fiscal cliff' piece I authored two weeks ago, replete with many of the same discouraging bells and whistles -- Democrats reveling in their leverage advantage, public opinion polls spelling doom for Republicans, and no tangible progress on the actual task at hand.  If that sentence wasn't enough of a morale boost for you, feel free to read on.  Liberals in Congress, led by incoming Senate Budget Committee Chair Patty Murray, are ostentatiously demonstrating an insatiable appetite for fiscal cliff-diving.  Their...