A plan backed by President Obama to increase the minimum hourly wage from $7.25 to $10.10 would cost the United States 500,000 jobs in just two and a half years, according to the Congressional Budget Office. The CBO, which earlier this month released the startling finding that 2.5 million workers would scale back their hours or stop working because of Obamacare, is proving once again that it is a repository of reliable data while the White House is a suppository of useless information.
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