Well, they say they believe these things. Maybe they just want the rest of Americans to believe this nonsense.
1. THE DEFICIT IS GROWING AND GROWING YEAR BY YEAR AND IS GOING TO DESTROY US.
Nope. It's shrinking. It's not near as big now as under GW Bush. And it will continue to go down as we pull out of Afghanistan and as employment continues to increase.
2. THE DEBT IS GROWING AND GROWING AND WILL KILL US.
Nope. It's getting smaller because Obama has cut over a trillion smackeroos already, plus another 3/4 billion from Medicare furbelows. But even if the debt weren't going down, it's not a killer issue because it's still an okay amount vis-a-vis GDP. Yes, a time will come when Medicare could be way too much because of so many boomers aging and medical costs increasing, but that time is not here yet. We have time to tinker around and avoid a future crisis without cutting benefits now or increasing the age to qualify. We should also get medical costs under control now because we spend twice as much as any other country and have a less good outcome. The burden of medical costs, not just for Medicare, but for everyone (including business) is too heavy.
3. INFLATION IS GOING TO FRY US.
We've been hearing that since Simpson-Bowles, but it's just not true though salty Senator Simpson keeps saying so. In fact interest rates for housing are the lowest in my 77-year lifetime, and interest on federal borrowing is almost invisible. Former-Senator Simpson of Wyoming is a crackerjack, full-of-himself funny man to be sure. But he's dead wrong about inflation. There isn't any.
4. THE BAILOUT OF THE BANKS WAS A GIVEAWAY OF TAXPAYERS MONEY.
Baloney! The money's been paid back with interest. YOU GET THAT, FOLKS? The taxpayers MADE MONEY on the deal!
5. THE AUTO BAILOUT WAS FAVORITISM TOWARDS UNIONS.
Really? Do you know how much the UAW had to give up to make the deal go? Plenty, pardner! And what a great deal it was for America, for the one million non-union workers who didn't lose their jobs, for the hundreds of communities that didn't die. Hats off to the UAW, one smart and patriotic bunch of people! And hats off to the federal managers who put the auto industry on the firmest footing it's had for decades. Was this the "socialism" the GOP was screaming about?
Five big fat lies is enough for one session. We'll puncture some more another time. And don't worry. We won't run out. The GOP seems really good at creating plenty to go around!
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