For Most Americans, Economic Growth

The Real Danger With Debt Is What Happens If Lots Of People Decide, Or Are Forced, To Pay It Off At The Same Time.

So What Are The Effects Of Increasing Minimum Wages? Any Econ 101 Student Can Tell You The Answer: The Higher Wage Reduces The Quantity Of Labor Demanded, And Hence Leads To Unemployment.

There Has Been Plenty To Criticize About President Obama’s Handling Of The Economy. Yet The Overriding Story Of The Past Few Years Is Not Mr. Obama’s Mistakes But The Scorched-earth Opposition Of Republicans, Who Have Done Everything They Can To Get In His Way - And Who Now, Having Blocked The President’s Policies, Hope To Win The White House By Claiming That His Policies Have Failed.

So, Very Early Reports Are That Obamacare Exchanges Are, As Expected, Having Some Technical Glitches On The First Day - Maybe Even A Bit Worse Than Expected, Because It Appears That Volume Has Been Much Bigger Than Predicted. Here’s What You Need To Know: This Is Good, Not Bad, News For The Program... Lots Of People Logging On And Signing Up On The Very First Day... Is An Early Indication That It’s Going To Be Fine, That Plenty Of People Will Sign Up For The First Year Of Health Reform.

The Raw Fact Is That Every Successful Example Of Economic Development This Past Century ... Has Taken Place Via Globalization.