Red State reports:
The House Democrats must be really feeling their socialist oats, because they have passed a bill that, if enacted, would represent one of the final steps toward socialism in this country. Having already regulated the minimum wage in this country, House Democrats now are seeking to regulate maximum wages for employee of private companies as wellNo word yet on Congress "limiting" the pay of the 10% of the Massachusetts state troopers who make more than their Governor. We bring this up because excessive government worker pay is putting the entire municipal bond market at risk. Notice the yields at the long end of the curve? It's been several months now that muni bonds have often been yielding more than U.S. Treasuries.
