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"International court’s attack on Israel a sign of the free world’s moral collapse" "Pete Hegseth Is Right for the DOD" "Why Our Constitution Secures Liberty, Not Democracy" Woodworking and Construction Hacks "CNN: Reporters Were Crying and Hugging in the Hallways After Learning of Matt Gaetz's AG Nomination" "NEW: Democrat Officials Move to Steal the Senate Race in Pennsylvania, Admit to Breaking the Law" "Pete Hegseth Is a Disruptive Choice for Secretary of Defense. That’s a Good Thing" Katie Britt will vote with the McConnell machine Battle for Senate leader heats up — Hit pieces coming from Thune and Cornyn. After Trump’s Victory, There Can Be No Unity Without A Reckoning Vivek Ramaswamy, Dark-horse Secretary of State Candidate Megyn Kelly has a message for Democrats. Wait for the ending. 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Megyn Kelly Joins Trump at His Final PA Rally of 2024 and Explains Why She's Supporting Him South Carolina Lawmaker at Trump Rally Highlights Story of 3-Year-Old Maddie Hines, Killed by Illegal Alien GOP Demands Biden, Harris Launch Probe into Twice-Deported Illegal Alien Accused of Killing Grayson Davis Previously-Deported Illegal Charged With Killing Arkansas Children’s Hospital Nurse in Horror DUI Crash New Data on Migrant Crime Rates Raises Eyebrows, Alarms Thousands of 'potentially fraudulent voter registration applications' Uncovered, Stopped in Pennsylvania Michigan Will Count Ballot of Chinese National Charged with Voting Illegally "It Did Occur" - Kentucky County Clerk Confirms Voting Booth 'Glitch'' Shifted Trump Votes To Kamala Legendary Astronaut Buzz Aldrin 'wholeheartedly' Endorses Donald Trump Liberal Icon Naomi Wolf Endorses Trump: 'He's Being More Inclusive' (Washed Up Has Been) Singer Joni Mitchell Screams 'F*** Trump' at Hollywood Bowl "Analysis: The Final State of the Presidential Race" He’ll, You Pieces of Garbage The Future of Warfare -- No more martyrdom! 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Iran Vows “Unimaginable” Response | Watchman Newscast In Logansport, Indiana, Kids are Being Pushed Out of Schools After Migrants Swelled County’s Population by 30%: "Everybody else is falling behind" Exclusive — Bernie Moreno: We Spend $110,000 Per Illegal Migrant Per Year, More than Twice What ‘the Average American Makes’ Florida County: 41 of 45 People Arrested for Looting after Hurricanes Helene and Milton are Noncitizens Presidential race: Is a Split Ticket the only Answer? hurricanes and heat waves are Worse 'Backbone of Iran's missile industry' destroyed by IAF strikes on Islamic Republic Joe Rogan Experience #2219 - Donald Trump IDF raids Hezbollah Radwan Forces underground bases, discovers massive cache of weapons Gallant: ‘After we strike in Iran,’ the world will understand all of our training The Atlantic Hit Piece On Trump Is A Psy-Op To Justify Post-Election Violence If Harris Loses Six Al Jazeera journalists are Hamas, PIJ terrorists Judge Aileen Cannon, who tossed Trump's classified docs case, on list of proposed candidates for attorney general Iran's Assassination Program in Europe: Europe Goes Back to Sleep Susan Olsen says Brady Bunch revival was cancelled because she’s MAGA. Foreign Invaders crisis cost $150B in 2023, forcing some areas to cut police and fire services: report Israel kills head of Hezbollah Intelligence. Status: Not Logged In; Sign In Opinions/Editorials See other Opinions/Editorials Articles Title: Economist Blasts GOP’s ‘Seven Biggest Economic Lies’ Source: Business Insider URL Source: http://www.rawstory.com/rs/2011/10/ ... s-seven-biggest-economic-lies/ Published: Oct 12, 2011 Author: By Robert Reich Post Date: 2011-10-12 14:08:48 by Brian S Keywords: None Views: 4156 Comments: 11 The President’s Jobs Bill doesn’t have a chance in Congress — and the Occupiers on Wall Street and elsewhere can’t become a national movement for a more equitable society – unless more Americans know the truth about the economy. GA_googleFillSlot('RS_V3_STORY_EMBEDDED_300_2'); Below is a short (2 minute 30 second) effort to rebut the seven biggest whoppers now being told by those who want to take America backwards. The major points: 1. Tax cuts for the rich trickle down to everyone else. Baloney. Ronald Reagan and George W. Bush both sliced taxes on the rich and what happened? Most Americans’ wages (measured by the real median wage) began flattening under Reagan and has dropped since George W. Bush. Trickle-down economics is a cruel joke.  2. Higher taxes on the rich would hurt the economy and slow job growth. False. From the end of World War II until 1981, the richest Americans faced a top marginal tax rate of 70 percent or above. Under Dwight Eisenhower it was 91 percent. Even after all deductions and credits, the top taxes on the very rich were far higher than they’ve been since. Yet the economy grew faster during those years than it has since. (Don’t believe small businesses would be hurt by a higher marginal tax; fewer than 2 percent of small business owners are in the highest tax bracket.) 3. Shrinking government generates more jobs. Wrong again. It means fewer government workers – everyone from teachers, fire fighters, police officers, and social workers at the state and local levels to safety inspectors and military personnel at the federal. And fewer government contractors, who would employ fewer private-sector workers. According to Moody’s economist Mark Zandi (a campaign advisor to John McCain), the $61 billion in spending cuts proposed by the House GOP will cost the economy 700,000 jobs this year and next.  4. Cutting the budget deficit now is more important than boosting the economy. Untrue. With so many Americans out of work, budget cuts now will shrink the economy. They’ll increase unemployment and reduce tax revenues. That will worsen the ratio of the debt to the total economy. The first priority must be getting jobs and growth back by boosting the economy. Only then, when jobs and growth are returning vigorously, should we turn to cutting the deficit.  5. Medicare and Medicaid are the major drivers of budget deficits. Wrong. Medicare and Medicaid spending is rising quickly, to be sure. But that’s because the nation’s health-care costs are rising so fast. One of the best ways of slowing these costs is to use Medicare and Medicaid’s bargaining power over drug companies and hospitals to reduce costs, and to move from a fee-for-service system to a fee-for-healthy outcomes system. And since Medicare has far lower administrative costs than private health insurers, we should make Medicare available to everyone.  6. Social Security is a Ponzi scheme. Don’t believe it. Social Security is solvent for the next 26 years. It could be solvent for the next century if we raised the ceiling on income subject to the Social Security payroll tax. That ceiling is now $106,800. 7. It’s unfair that lower-income Americans don’t pay income tax. Wrong. There’s nothing unfair about it. Lower-income Americans pay out a larger share of their paychecks in payroll taxes, sales taxes, user fees, and tolls than everyone else. Demagogues through history have known that big lies, repeated often enough,  start being believed — unless they’re rebutted. These seven economic whoppers are just plain wrong. Make sure you know the truth – and spread it on. Subscribe to *TeaParty Economics on Parade* Post Comment   Private Reply   Ignore Thread   Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 6. #1. To: Brian S (#0) Author: By Robert Reich LMAO. Capitalist Eric  posted on  2011-10-12   14:26:39 ET  Reply   Untrace   Trace   Private Reply   #2. To: Capitalist Eric (#1) LMAO. As has been previously noted, you hve no comment about the actual article, Alinksy... war  posted on  2011-10-12   14:43:07 ET  Reply   Untrace   Trace   Private Reply   #3. To: war (#2) Eric seems to be limited to two responses. One, like here, and the other is to post a multi-page article written by someone else. It's strange that a student working towards an advanced degree can't write something of his own to make his point. Skip Intro  posted on  2011-10-12   14:50:16 ET  Reply   Untrace   Trace   Private Reply   #6. To: Skip Intro (#3) He should get points for font usage, though. Biff Tannen  posted on  2011-10-12   14:58:26 ET  Reply   Untrace   Trace   Private Reply   Replies to Comment # 6.         There are no replies to Comment # 6. End Trace Mode for Comment # 6. Top • Page Up • Full Thread • Page Down • Bottom/Latest

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