Framing the Dialogue

Posts Tagged ‘neil cavuto’

Bloviating

bill_oreillyAnyone who has watched Fox News’ Bill O’Reilly knows that he eschews bloviating which is intriguing as he is a serial bloviator.  After the President’s State Of The Union speech on Tuesday the topic of minimum wage has been hotly debated.  And Billy O was kind enough to invite the requisite opposing pundits to discuss the issue.  As he can often do, he proceeded to interrupt the conservative pundit (sorry I don’t remember her name) as she offer the usual proof regarding the FACTS that a minimum wage actually, historically, and truthfully hurts those who are just starting out. Obama with O’Reilly’s blessing wants a minimum wage of around $10.10/hour.

Use of Knowledge

So why does the average American accept economic policies that are bound to bankrupt this country?  Logic tells us in our personal lives tells us that if we spend way more than we make we incur debt.  Anyone who has ever had a loan or a credit card balance knows that there are interest charges on that debt which must be paid on a monthly basis.  When we still keep spending beyond our means our debt increases and so does our monthly payments which a greater percentage of goes to pay the interest on the debt.