Oklahoma Senator Tom Coburn was on MSNBC's "Morning Joe" this week, defending his vote against an increase in the federal minimum wage.
Dr. Coburn says raising the minimum wage is treating a SYMPTOM, not the PROBLEM.
"What we have is an economic system on it's butt right now, because we have poor leadership and poor policy. We don't have capital investment, and we don't have demand-creation, because of the leadership policies of this administration and this Congress," Coburn said.
He says many economic studies, including one from the President's own Office of Management and Budget, show that increasing the wage produces only a small benefit but a very high cost in lost jobs.