Robert Reich Debunks 6 Big GOP Lies About The Economy

[bsnub]

OK I am reposting this in the lounge as some douche mod over in US issues cant stand to hear the truth and wound up deleting my post. Here is an excellent explanation as to many of the things that ail America.

[Jesus Jones]

Bugger, can't view utube at work.

[bsnub]

This is the video that Chitown or some issues mod doesn't want anyone to see.

[blue]

yes what are the 6 lies, briefly in text please ?

[bsnub]

The lies Reich debunks:

1) Tax cuts to the rich and corporations trickle down to the rest of us. (No it does not and it never has.)

2) If you shrink government you create jobs. (No, you get rid of jobs that way.)

3) High taxes on the rich hurts the economy. (No, the economy grew when the US did this under Eisenhower.)

4) Debt is to be avoided and it is mostly caused by Medicare. (No, if debt is properly used to grow the economy, it becomes a smaller part of the budget because of increased revenue and Medicare has the lowest overhead of any health insurance plan out there.)

5) Social Security is a Ponzi scheme (No, its solid for 26 years. Social Security is solid beyond that if the rich pay the same percentage in social security taxes as the rest of us do.)

6) We need to tax the poor. (This is what Republicans have been proposing when they say any "tax reform" needs to involve all Americans because poor people pay no income tax. The poor have no money and taxing them will not solve our budget problems.)

Reich was speaking at the "Summit For A Fair Economy" in Minneapolis, Minnesota on September 10, 2011.

[bsnub]

I am sad that no one has picked up and run with this. A rightwing mod deleted this post in issues because he hates the truth. Please you lot carry this forward. Do not let them win.

[Neo]

Are you a Communist?