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Five Falsehoods of the Debt Debate
Human Events ^ | July 18, 2011 | Daniel J. Flynn

Posted on 07/18/2011 11:23:30 AM PDT by In Maryland

Incontinent spending put America $14 trillion in debt. The politicians who borrowed and spent us into debt want permission to borrow more so that they can spend more. And if they don’t get permission to borrow more money, they assure us that our debt woes will worsen.

Does this seem like a solution or a rationalization?

Washington is hooked on spending. Like other addicts, politicians tell lies to get their fix. Jonesing for more money, they insist that raising the debt limit is the best way to limit America’s debt.

Bad habits are tough to break. Surely, dishonesty about the problem doesn’t bring us any closer to a solution.

In the spirit of providing clarity through the haze of deceit, here are the five big lies the spending addicts tell to satiate their cravings for more of your money:

Lie #5 Americans Want a Tax Increase “Eighty percent of the American people support an approach that includes revenues and cuts,” the president claimed Friday. “So the notion that somehow the American people aren’t sold is not the problem. The problem is members of Congress are dug in ideologically into various positions because they boxed themselves in with previous statements.” A poll released the previous day by Rasmussen showed that while a majority of Democrats want a tax increase as part of the deal, just 34 percent of Americans favor one in conjunction with raising the debt ceiling. ...

More at Human Events.

(Excerpt) Read more at humanevents.com ...


TOPICS: Miscellaneous; Reference
KEYWORDS: budget; debt; politics; taxes
Did a serach on this title and didn't get any results ... nothing will be news to those who pay attention, but there are some facts and figures to comfound your liberal friends.
1 posted on 07/18/2011 11:23:34 AM PDT by In Maryland
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To: In Maryland

Borrowing more is like breaking the other leg on purpose to get more attention..
then calling yourself names looking in a mirror..

Liberalism is a mental disease..


2 posted on 07/18/2011 11:29:24 AM PDT by hosepipe (This propaganda has been edited to include some fully orbed hyperbole...)
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To: In Maryland
Lie #4 The Rich Don’t Pay Their Fair Share

Who, precisely, isn’t paying their “fair” share?

The 42% of people in the United States that pay no Federal Income Tax at all. I think that everyone should pay at least 5% of whatever they earn so that everyone has a vested interest in the taxation efforts the government makes.

Also, it would be interesting to learn how much money would be saved if our government did not give tax refunds to people who paid no Federal Income Tax (the Earned Income Tax Credit). That is a huge part of Obama's "Redistribution of Wealth".

Another part is his reduction of the Social Security Tax. The only reason he wants this one is that there is no other way to give his supporters a tax break.....since they don't pay income taxes. It's not like the Social Security System hasn't already got a funding problem.

3 posted on 07/18/2011 11:37:11 AM PDT by Retired COB (Still mad about Campaign Finance Reform)
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To: In Maryland

“Lie #3 The U.S. Will Default If Congress Doesn’t Raise the Debt Ceiling “

http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201107181404dowjonesdjonline000223&title=mbs-begin-to-show-cracks-as-us-downgrade-possibility-grows
“If the debt limit isn’t increased by the Aug. 2 deadline, the Treasury could sell some of its $95 billion in MBS to raise cash...”

Media having it both ways: No, we have no money and everything will be ruined if we spend it. No logic please...


4 posted on 07/18/2011 11:55:43 AM PDT by mrsmith
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