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Pay no attention to the people behind the curtain

Tuesday, October 26, 2010

Eight lies people believe

by folkbum

I'm sure you've seen this by now, but my posting abilities are a bit hampered by circumstance and temperament lately, so this is what you get:
Here are eight of the biggest myths that are out there:
1) President Obama tripled the deficit.
2) President Obama raised taxes, which hurt the economy.
3) President Obama bailed out the banks.
4) The stimulus didn't work.
5) Businesses will hire if they get tax cuts.
6) Health care reform costs $1 trillion.
7) Social Security is a Ponzi scheme, is "going broke," people live longer, fewer workers per retiree, etc.
8) Government spending takes money out of the economy.
Click through for a link-laden check of reality on all these items, especially those of you who think some of them may be true (Ron Johnson, you for example need a brushup on #4 and #7; Scott Walker, you need to check out #5 before you blow that hole in Wisconsin's budget).

Oh, and:

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