Peter Morici

The Congressional Budget Office—which the White House now disavows for concluding that raising the minimum wage 40 percent would cost 500,000 jobs—is projecting the federal deficit will rise precipitously just as Mr. Obama is leaving office. This, despite the fact that Americans—especially higher income Americans—will be paying taxes at rates not seen since World War II.

Big taxes, big spending, big deficits—maybe there is a lesson in all that.

The GOP should simply counter: Get Washington out of the nation’s schools and meddling in manufacturing and markets, and leave jobs training to the states. Then it could shut large swaths of the Departments of Education, Commerce, Energy, and Labor.

That might create some unemployment, because the dolts that fancy themselves as productive public servants in those places—living off money taken by the IRS from hard working Americans—would have to find honest work.

I stand a better chance of replacing Derek Jeter at shortstop for the Yankees—I can’t hit a fastball any better than Washington can create honest work.

Peter Morici is an economist and professor at the Smith School of Business, University of Maryland School, and a widely published columnist. He tweets @pmorici1


Peter Morici

Professor Peter Morici is a recognized expert on economic policy and international economics. He has lectured and offered executive programs at more than 100 institutions including Columbia University, the Harvard Business School and Oxford University.
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