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Eight False Things The Public Knows Prior To Election Day:
Posted: Oct 26, 2010
Dave Johnson has written a very handy piece called: Eight False Things The Public “Knows” Prior To Election Day:
1) President Obama tripled the deficit.
Reality: Bush's last budget had a $1.416 trillion deficit. Obama's first reduced that to $1.29 trillion.
2) President Obama raised taxes, which hurt the economy.
Reality: Obama cut taxes. 40% of the "stimulus" was wasted on tax cuts which only create debt, which is why it was so much less effective than it could have been.
3) President Obama bailed out the banks.
Reality: While many people conflate the "stimulus" with the bank bailouts, the bank bailouts were requested by President Bush and his Treasury Secretary, former Goldman Sachs CEO Henry Paulson. (Paulson also wanted the bailouts to be "non-reviewable by any court or any agency.") The bailouts passed and began before the 2008 election of President Obama.
4) The stimulus didn't work.
Reality: The stimulus worked, but was not enough. In fact, according to the Congressional Budget Office, the stimulus raised employment by between 1.4 million and 3.3 million jobs.
5) Businesses will hire if they get tax cuts.
Reality: A business hires the right number of employees to meet demand. Having extra cash does not cause a business to hire, but a business that has a demand for what it does will find the money to hire. Businesses want customers, not tax cuts.
6) Health care reform costs $1 trillion.
Reality: The health care reform reduces government deficits by $138 billion.
7) Social Security is a Ponzi scheme, is "going broke," people live longer, fewer workers per retiree, etc.
Reality: Social Security has run a surplus since it began, has a trust fund in the trillions, is completely sound for at least 25 more years and cannot legally borrow so cannot contribute to the deficit (compare that to the military budget!) Life expectancy is only longer because fewer babies die; people who reach 65 live about the same number of years as they used to.
8) Government spending takes money out of the economy.
Reality: Government is We, the People and the money it spends is on We, the People. Many people do not know that it is government that builds the roads, airports, ports, courts, schools and other things that are the soil in which business thrives. Many people think that all government spending is on "welfare" and "foreign aid" when that is only a small part of the government's budget.
Read on for more.
I've been having some interesting chats with mildly interested voters. And this is exactly the kind of thing that is really helpful in winning them over. They are busy, they are dealing with these issues in a very haphazard fashion and a lot of their ideas come from a sort of conventional wisdom osmosis. If you can present them with some simple explanations about why things are not as they think, they're receptive to it.
I'm not talking about the tea partiers, of course. They are "informed" by Glenn Beck and there's no getting to them. But your average independent voter or casual liberal voter is persuadable on this stuff.
Did you know the group that wrote this are progressives? - anon
[ In Reply To ..]A few of the points I read I don't believe are true, so I researched the group that put this out. They are a progressive group trying to push the progressive agenda. Of course they are going to say Obama is great, blah, blah, blah. I'd like to hear these key talking points from an independent group.
Progressives are articulate and honest - why so negative? nm
[ In Reply To ..]
No they aren't - and there was no negativity - anon - see message
[ In Reply To ..]I asked if the poster knew that the group who put this out was progressives. I simply said that a few of the points I read I didn't believe. So now because I say I don't believe something that is negative? The truth is they are a progressive group and trying to push their progressive agenda. I said I'd like to hear these points from an independent group.
If you are a progressive of course you are going to say you are articulate and honest. I don't know you and you may be articulate and honest, but the progressive groups that put information out with their viewpoints are not honest. They may be articulate but so are a lot of conservative and liberal groups too. It's the honesty that the progressives are missing.
But I'm in good company because the posters below feel the same way. If you want to get the honest truth about the issues mentioned you won't get it from a progressive group because no matter how bad things are the progressives will say everything is just fine and dandy because of this current person in office.
I will also copy what one of the poster said which is true -
FYI - Most tea partiers, responsible voters, true fiscal and social conservatives, and people who care about preserving our great nation aren't persuadable by liberal spin and flat-out untruths and certainly don't get all their info from Glen Beck, although his programs are often quite informative and thought provoking.
If you listen to the progressives and read what they write you will certainly know that they are not honest and what they write is just blatantly false.
That's not negativity, that's the truth. The progressive movement is not what the country is founded on and should not be either. Plenty of other countries out there for the progressives to move to where they would be welcome.
I just say research everything and be well informed before you vote.
GREAT reply! I agree completely. - nm
[ In Reply To ..]:)
Some sites for REAL FACTS - sm
[ In Reply To ..]Strange - all that "pseudo-info" sounded like just trying to prop up Obama in midst of his plummeting approval ratings. I guess if you are just the "casual liberal voter", you are "persuadable on this stuff" to quote the OP.
FYI - Most tea partiers, responsible voters, true fiscal and social conservatives, and people who care about preserving our great nation aren't persuadable by liberal spin and flat-out untruths and certainly don't get all their info from Glen Beck, although his programs are often quite informative and thought provoking. For anyone interested in honest info, check out:
www.realclearmarkets.com
www.onenewsnow.com
www.frc.org
www.citizenleadership.org
www.mrc.org
www.nothingbuttruth.com
www.foxnews.com
www.frontpagemag.com
www.humanevents.com
www.nationalreview.com
www.jihadwatch.org
www.971talk.com
God bless you. Be sure to research FACTS then get out and VOTE!
You need to check source information - not credible
[ In Reply To ..]The sites you just listed are not considered reputable. Just a quick check: FRC.org Family Resouce Council
FRC co-founder George Rekers was photographed arriving at the Miami International Airport with a male escort after having taken a ten day trip to Europe. The services of Rekers' companion, identified only by the name Lucien, were found to have been advertised solely on the Web site RentBoy.com, a gay escort/masseur Web site.
You need to do a little research on these groups you promote.
So wrong - standard tactic from the left - sm
[ In Reply To ..]Spend your time on smear tactics - eventually proven to be without merit. Meanwhile, intelligent voters will look beyond the spin games and name calling which is what the left resorts to when called out for spouting untruth and half-truth. Sites listed are for very credible reliable organizations that are fighting to promote truth and preserve our great Godly heritage - the kind of groups the left loves to hate. Anyone who votes needs to do plenty of their own research regarding their local candidates and check facts for themselves. BTW, Family Research Council provides a great voter's guide for all congressional/senate races - just straight-up facts about candidates voting records, etc. Enough said - back to work for me. Flame on!
The sites she listed most certainly ARE considered reputable. - sm
[ In Reply To ..]Just because you don't like them doesn't mean they are not credible.
I don't like Huffington Post, but they are credible (well some of the time).
If you are going to go down the road of gay escorts, etc, I really wouldn't go down that road if I were you because there is plenty of trash to bring up with democrats too.
Do you have something against gays? So what if someone is with a partner who is gay. I don't care about what he does in his personal life, I do care if someone is putting out false information, which is usually coming from the left/progressives, like the OP's article.
You need to do a little research on groups before you cut them down just because you don't agree with what they post.
Some more great sites for TRUTH - sm
[ In Reply To ..]www.washingtonwatch.com
www.hermancain.org
www.afa.net
A fundamentalist religious group - and a Fox commentator?
[ In Reply To ..]Hardly a nonbiased source.
Flame on - p.s. Fox has one of very few unbiased national - news organizations out there!
[ In Reply To ..]- Fair & balanced. NBC, ABC, CBS - so obviously so far left that it would be laughable if not so sad. :}
Typical response from left - try to name-call. - So sad for you. :(
[ In Reply To ..]x
Great post! - Nice to see the good things
[ In Reply To ..]It is good to see the acknowledgement of the accomplishments. Thanks!
Great for a laugh! But not accurate. - anon
[ In Reply To ..]//
Please see my corrections to the - Backwards typist below - N/M
[ In Reply To ..]
Your "corrections" are incorrect! - nm
[ In Reply To ..]..
A couple of Misstatements in your report - Backwards Typist
[ In Reply To ..]
Monthly Budget Review
1. So, the deficit was NOT $1.3 trillion when O took office.
2. People ARE living longer. It has nothing to do with babies. Google the life span of people over the years. It goes up. How many people now live longer than 100? It used to be a rare event. Not anymore.
3. On Social Security from the CBO:
"In calendar year 2010, Social Security's outlays will exceed tax revenues (that is, the trust funds' receipts excluding interest) for the first time since the enactment of the Social Security Amendments of 1983. Over the next few years, the Congressional Budget Office (CBO) projects, the program's tax revenues will be approximately equal to its outlays. However, as more of the baby-boom generation (that is, people born between 1946 and 1964) enters retirement, outlays will increase relative to the size of the economy, whereas tax revenues will remain at an almost constant share of the economy. Starting in 2016, CBO projects, outlays as scheduled under current law will regularly exceed tax revenues.
CBO projects that the DI trust fund will be exhausted in fiscal year 2018 and that the OASI trust fund will be exhausted in 2042. Once a trust fund's balance has fallen to zero and current revenues are insufficient to cover the benefits that are specified in law, a program will be unable to pay full benefits without changes in law. The DI trust fund came close to exhaustion in 1994, but that outcome was prevented by legislation that redirected revenue from the OASI trust fund to the DI trust fund. In part because of that experience, it is a common analytical convention to consider the DI and OASI trust funds as combined. CBO projects that, if legislation to shift resources from the OASI trust fund to the DI trust fund was enacted, the combined OASDI trust funds would be exhausted in 2039."
4. On the deficit, from the CBO (note the date below):
"CBO’s Monthly Budget Review
Yesterday, CBO released its Monthly Budget Review. CBO estimates that the Treasury will report a federal budget deficit of $408 billion for the first two months of fiscal year 2009, $253 billion higher than the deficit recorded through November of last year. This estimate includes $191 billion disbursed for the Troubled Assets Relief Program (TARP) during the first two months of the fiscal year.
CBO believes that the equity investments for that program should be recorded on a net present value basis adjusted for market risk, as specified in the Emergency Economic Stabilization Act of 2008, rather than on a cash basis as recorded by the Treasury. CBO’s preliminary analysis suggests that the present value cost of the TARP transactions made through November totals about $50 billion, $141 billion less than the cash disbursement recorded in the budget by the Treasury. The estimated cost accounts for subsidized interest rates and market risk, but also for the likelihood that the government will ultimately get much of its money back. As a result, CBO’s estimates of outlays and the deficit are much lower than the amounts that will be reported by the Treasury.
Evaluating TARP on a net present value basis, CBO estimates the federal deficit totaled $267 billion through November, compared with a deficit of $155 billion during the same period last year. Revenues are running about 6 percent below receipts during the same period last year—but even excluding the TARP payments and $14 billion in payments to Freddie Mac to cover its losses, outlays are up by about 13 percent (after adjusting for shifts in the timing of certain payments)."
This entry was posted on Friday, December 5th, 2008 at 9:35 am and is filed under Budget Projections.
5. In 2009, this from the CBO:
"In March, CBO issued new estimates for the budget outlook for fiscal year 2009. We project that the deficit for 2009 will be $1.7 trillion under current laws and policies and $1.8 trillion if the President’s proposals for the current fiscal year are enacted. (Click here to link to A Preliminary Analysis of the President’s Budget and an Update of CBO’s Budget and Economic Outlook).
Good job! Thanks for real facts instead of Obama spin! - nm
[ In Reply To ..]/
Another great post - thankfully we have you to do the research - and post the facts - nm
[ In Reply To ..]nm
Some gentle corrections for your kind debunking - but you are wrong again.
[ In Reply To ..]Your statement: CBO estimates that the federal budget deficit was about $1.3 trillion in fiscal year 2010, $125 billion less than the shortfall recorded in 2009. So, the deficit was NOT $1.3 trillion when O took office.
Reality: Bush's last budget had a $1.416 trillion deficit. Obama's first budget reduced that to $1.29 trillion.
You are wrong: Article is correct - Bush's 1.416 trillion deficit is 2009. Budgets are done as a projection forward, expenditure reports go back, The 2010 budget is Obama's first budget.
Your statement: 2. People ARE living longer. It has nothing to do with babies. Google the life span of people over the years. It goes up. How many people now live longer than 100? It used to be a rare event. Not anymore.
Yes and No. The infant mortality rate in 1955 was 52, today it is around 25. When more babies survive, the life expectancy average increases. Basic math.
Your Statement: 3. On Social Security from the CBO: (etc.)
You are wrong again. Source Document: http://www.ssa.gov/OACT/TRSUM/index.html
Benefits are solvent totally solvent until 2037, at which point tax income would be sufficient to pay about 75 percent of scheduled benefits through 2084. Needs a little tweaking, but hey, maybe the old people will get the 'flu.
4. On the deficit, from the CBO (note the date below): etc.
I am not sure what part of the posted article you are trying to correlate this too.
You are so off base and totally wrong. America is just - not buying the spin anymore. sm
[ In Reply To ..]The poster who corrected your original post is totally right. No sale here!
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