Yes, the Fed bails out the senators

Dean Baker speaks:

Apparently, at least no one at the New York Times cares about the budget deficit. An article * that reported on the Fed's plans to reduce its holdings of assets never once mentioned the implication for the budget deficit. Currently the Fed is refunding close to $100 billion a year to the Treasury based on the earnings from these assets. If its holdings were to drop to pre-crisis levels, measured as a share of GDP, this amount would fall to around $30-$40 billion.

He also says minimum wage drives out low  productive jobs.

But Janet tires of  carrying government debt as it  is never amortized. Janet is stuck with an economy that  just waits for its yearly COLA from the swamp.