“Increasing the minimum wage is political pandering, pure and simple. It does nothing to increase economic growth, which would create millions of jobs and lead to higher wages for everybody. The government shouldn’t set the price of labor, the free market should. It’s sad that some would rather play politics instead of making the case for pro-growth policies like tax reform and passing new trade deals with other nations.” — Club for Growth President Chris Chocola
— White House wanted Geithner to lie about Social Security: In his new book, Stress Test: Reflections on Financial Crises, former Treasury Secretary Tim Geithner says that the White House wanted him to lie about Social Security’s impact on the federal deficit on Sunday talk shows. “I remember during one Roosevelt Room prep session before I appeared on the Sunday shows, I objected when Dan Pfeiffer wanted me to say Social Security didn’t contribute to the deficit. It wasn’t a main driver of our future deficits, but it did contribute,” Geithner writes. “Pfeiffer said the line was a ‘dog whistle’ to the left, a phrase I had never heard before. He had to explain that the phrase was code to the Democratic base, signaling that we intended to protect Social Security.” By the way, Social Security consumed 4.9 percent of the economy in 2013, slightly more than major government healthcare programs. Over the long-term, the Ponzi scheme will be outpaced by Medicare, but not by much.