President Obama Promises Bad Economic Policy

So says Douglas Holtz-Eakin, former director of the Congressional Budget Office. He provides much food for thought in an interview by Lauren Lyster and Aaron Trask on the Daily Ticker. Holtz-Eakin explains our government spending and debt are a problem and why increasing the minimum wage to $9.00 is what we do not want if we want a return to prosperity. Holtz-Eakin says that the options that the President gives us are higher taxes or a financial crisis. Not a happy choice.