Author Topic: CBO Estimates Minimum Wage Hike Would Cost Private Sector $15 Billion; Networks Silent  (Read 286 times)

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Offline Gazoo

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By Matt Hadro | March 28, 2014 | 19:26

The network evening news casts have yet to report an estimate by the Congressional Budget Office that President Obama's proposal to hike the minimum wage would cost the private sector $15 billion and raise the deficit.

The CBO report came out on Wednesday, but as of Friday evening the networks have ignored it. As the Washington Free Beacon pointed out, the CBO says that Obama's minimum wage would raise the deficit by $5 billion over 10 years and cost private employers $15 billion.

When the CBO estimated in February that the wage proposal could cost 500,000 jobs, CBS was the only network to report it on the evening news casts. Two days after the more recent estimate, all the networks have been silent.

Read more: http://newsbusters.org/blogs/matt-hadro/2014/03/28/cbo-estimates-minimum-wage-hike-would-cost-private-sector-15-billion-net#ixzz2xM9DZGoY
"The Tea Party has a right to feel cheated.

When does the Republican Party, put in the majority by the Tea Party, plan to honor its commitment to halt the growth of the Federal monolith and bring the budget back into balance"?

Online rangerrebew

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As the networks see it, there is no purpose in telling the truth - if it isn't sensational or gory.  They've accepted the "National Inquirer" model of "journalism."
There is danger from all men. The only maxim of a free government ought to be to trust no man living with power to endanger the public liberty.
Public virtue cannot exist in a nation without private, and public virtue is the only foundation of republics. There must be a positive passion for the public good, the public interest, honour, power and glory, established in the minds of the people, or there can be no republican government, nor any real liberty: and this public passion must be superior to all private passions. John Adams


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