In April, 1.8 million British residents got a pay rise when the National Living Wage, the new name for the minimum wage in the United Kingdom, went up by the most ever, a whopping 4.9%. It marked 20 years since Tony Blair’s government introduced a minimum wage and the occasion was widely celebrated.
Government’s Job Creation Scam
”I will create millions of jobs” is a phrase I have heard a thousand times from campaign halls by politicians vying for public offices in a bid to win the majority votes.
A Federal Shutdown Is an Annoyance — Interest on $22 Trillion in Debt Is a Problem
Federal spending has been increasing dramatically since about 1993. From 1993 to 2000, spending increases by 3.1%. In the next decade, it rose by about 6% from 2001-2006 and 8.5% from 2007-2010.
Reining in the Run Away U.S. Debt
Balanced budget legislation along with uneasiness about the national debt has a long history in the United States and across the globe. In the U.S., opposition to debt spending and government borrowing began just years after the creation of our government.
American Freedom Institute 