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What just ain't so:

  • "Social Security is in crisis; it is headed for bankruptcy."
  • "For young people, SS just won’t be there for them when they retire."
  • "The Social Security Trust Fund surplus is just a pile of worthless IOUs for money that the government has collected and already spent; it will renege on them rather than paying them back when due."
  • "Because everything the gov’t administers is inefficient, the gov’t paying for health care would be far less efficient than paying via private health insurance companies. "
  • "Clinton reversed the trend and moved the US budget from big deficits to big surpluses."
  • "It is well established that tax cuts increase government revenue."
  • "Free markets and free trade make everyone better off because they increase GNP and “a rising tide lifts all boats.”

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March 05, 2011


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Matt Sontum

This sounds roughly like the plot to 'Player Piano'. Now how did that book end again? Still a good post, it says a lot of the things I've been trying to tell people over the last five years in a much more concise manner. And it doesn't need the 'King of England and the Crank' allegory to work.

Alex Howlett

Wow Tom. This is exactly what I've been saying to all my OWS friends. I'm pretty amazed.

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No offense, but if there's a facebook like button, it'll be much easier for me to share.

Christian Louboutin Platforms

“If you buy a $100 griddle, the price tag for the griddle will say $100. When you get a receipt for your purchase that receipt will itemized to show that $77 of the total cost will be retained by the retailer and $23 will be sent to the federal government as the FairTax. The total is $100, just as

Phil Simon

Interesting post. I agree that technology is taking away more jobs than it is creating, something overlooked in the whole subprime mess:

Here's the rub, though: What can we do about it?

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