If You See Something - Say Something

We often hear, “If You See Something, Say Something.” Give us your thoughts to grow this list.

Here’s what we see:

Partisan, Elected Politicians are at best misleading US. At worst they are ignoring or out right lying to US about the dangers of the level of US Debt.

Elected Politicians, both past and present, have done this to: 1) deny their involvement, culpability, or responsibility in creating the Debt, 2) embarrass the other party with the objective of gaining more political power, 3) to curry favor with special interests, donors, voter base and others for themselves, their Party or for political expediency, 4) to self-promote by getting on television or in the newspaper.

These misleading statements, or lies, are so frequent and commonplace today that it is difficult to keep track of them. Often, we forget them. It is possible that one day these Elected Politicians will be held responsible, possibly prosecuted, for these actions and for selfishly putting their interest ahead of the best interest of US.

Help US compile list of misleading statements (which include “Alternative Facts”) ,or outright lies,

Let’s start:

President’s Economic Plan

The President promised, while campaigning, a quick reduction in US Debt to zero in 8 years, without reducing Social Security benefits. Now Elected, he is no longer making this promise.

Only time will tell if this is true, an outright lie or just one more misleading statement.  No credit will be given for reducing taxes and increasing spending – anyone can do that. The only achievement is fulfilling his stated commitment to quickly reduce the Debt to zero.  We should not and will not wait for eight years to access success. It will be impossible for him to achieve his  commitment if substantial reductions in Debt are not realized in each year of the first term of the President. The President deserves a chance to succeed. Let’s give it to him.

The US has one of the highest Corporate tax rates in the world.

True, but Misleading. Elected Politicians want to mislead US by claiming the high corporate tax rate is putting US at a competitive disadvantage and Corporate taxes must be lowered.

The top marginal tax rate of 35% is one of the highest in the world. The statement is factual but without understanding what really happens it is misleading. The reality is, US Corporations paid between 10% and 28% depending on the industry and the industry’s  ability to lobby to garner Tax Preferences” (aka loopholes) from Elected Politicians. Large, profitable US Corporations recently paid US income taxes of approximately 13%. For every dollar of income tax the US Treasury collected individuals paid 80% and corporations paid 20%. This has significantly changed over the last 20 years when corporations a much higher percentage.

Now do you think US corporations are over taxed?