4. INCREASES IN THE NATIONAL DEBT The RED and BLUE bars tell the story. in the last 35 years, Republicans have run up huge debts while Democrats have held debt steady or reduced it. FACT 4
5. MYTH WE CAN CUT THE DEFICIT BY REDUCING SPENDING FOR SOCIAL PROGRAMS 5
10. MYTH TAX CUTS THE ECONOMY “The main reason for our growing economy is that we cut taxes and left more money in the hands of families and workers and small business owners.” — President Bush, November 4, 2006 BOOST 10
11. FACT WHAT GROWING ECONOMY? 2001-2007 ECONOMY WAS WEAKER THAN AVERAGE …ONLY CORPORATE PROFITS GREW! (MORE) Source: Center on Budget and Policy Priorities 11
12. REPUBLICAN PRESIDENTS DEMOCRATIC PRESIDENTS SOURCE: Professor Larry Bartels, Professor of Public and International Affairs, Princeton 12
14. FACT OBAMA IS NOT PROPOSING TO “RAISE” TAXES Obama wants to allow the tax cuts on the wealthy to expire. This would only affect people whose annual incomes are greater than $250,000.. The rates would return to the 2000 rate of 39% - 40% The tax cuts to the wealthy represent lost revenue equal to 2% of GDP. Obama wants to extend the tax cut for the 95% of individuals with annual incomes less than $250,000 Source: NY Daily Times Treasury Secretary Tim Geithner Interview, Washington Post (MORE) 14
16. TAX RATE Prohibitive Range Neither the Reagan or Bush cuts paid for themselves by generating revenue … perhaps because the tax rate was too low. REVENUE Source: Arthur B. Laffer 16
18. FACT THE “DEATH TAX” APPLIES ONLY TO THE WEALTHIEST 2% There are many legitimate deductions and the wealthy know how to structure their estates to avoid the estate tax! In 2008, the estate tax rate was 45%. However, the average estate paid only 17%. Surviving spouses are not taxed. Source: irs.gov (MORE) 18
19. CLINTON 55% $675,000 BUSH $3,500,000 45% ESTATE TAX repealed OBAMA $1,000,000 55% 19
32. the warmest 3 months ON RECORDSeveral nations have already set their all-time temperature records in 2010: 111 degrees – Russia 117 degrees - Chad 118 degrees – Niger 121 degrees – Sudan 126 degrees – Saudi Arabia 126 degrees – Iraq 127 degrees - Kuwait 130 degrees - Pakistan Source: National Oceanic Atmospheric Administration 24
34. FACT 3 FACTORS AFFECT EARTH’S TEMPERATURE THE SUN EARTH’S REFLECTIVITY GREENHOUSE GAS (primarily CO2) The changes both in the SUN and the planet’s EARTH’S REFLECTIVITY point to a cooling period … not a warming one. What is left? CO2! (MORE) Source: Environmental Defense Fund 26
35. TEMPERATURE FOLLOWS CO2 For 800,000 years, CO2 has ranged from 180 to 300ppmand the temperature trend has followed closely behind. Today, CO2 is around 390ppm and the temperature is rising accordingly. CO2 TEMPERATURE Current Temperature is 58.1 400 350 300 250 200 150 100 50 0 THOUSANDs OF YEARS AGO Source: Environmental Defense Fund 27
37. FACT YES, IT DOES 1. Glaciers melt 2. Ocean levels rise 3. Land areas become uninhabitable 4. Large populations have to relocate 5. Territorial wars develop 6. Oceans become more acidic 7. Sea life dies 8. Weather patterns change (more storms, droughts, fires, floods) 9. Food production is disrupted 10. Diseases spread Source: 350.org 29
38. MYTH THE FLORIDA SOLAR ENERGY INCENTIVE PROGRAM IS “DEAD IN THE WATER” 30
39. FACT $13 MILLION IS NOW AVAILABLE TO REIMBURSE HOMEOWNERS FOR SOLAR PANELS On August 13, The Florida Energy and Climate Commission agreed to use $13 million in stimulus funds to pay for solar electric panels. The Florida Solar Energy Incentive Program was originally intended to pay up to $20,000 per home. However, the program received no funds from the legislature after 2008. The backlog is $52.7 million (more than 15,000 households) The $13 million will be paid to those submitting their applications before June 2009. (MORE) Source: Florida Energy and Climate Commission 31
40.
41. 1790 PUBLIC SCHOOLS?SOCIALISM 1842 PUBLIC HIGHWAYS? SOCIALISM 1905 PUBLIC PARKS? SOCIALISM 2009 PUBLIC HEALTH? SOCIALISM 1808 PUBLIC WATER?SOCIALISM HEALTHCARE 33
43. FACT HEALTH INSURANCE COMPANIES ALREADY RATION HEALTH CARE Until health care reform, insurance companies refused to insure anyone with a “pre-existing” condition, dropped individuals who became ill, denied physician-ordered procedures and placed limits on lifetime expenditures. ALL FOR PROFIT! (MORE) Source: Senate Commerce Committee / New York Times 35
44. “MRL” TELLS THE STORY OF FOR-PROFIT HEALTH INSURANCE. MRL is the "medical loss ratio" -- which for insurance company means the percentage of the premium dollar they "lose" because they have to pay for yourmedical care. The lower the MRL, the higher the profits for insurance companies. INSURANCE COMPANY SHARE Major companies spend only about 68% to 75% of every premium dollar For your medical care. Non-profit Medicare spends between 97% - 98%. (MORE) Source: Senate Commerce Committee 36
45. In 2009,the 5 largest health insurance companies took in combined profits of $12.2 billion, up 56 % over 2008. Profits for the 10 largest insurance companies increased 250 % from 2000 to 2009, 10 times faster than inflation. Source: AOL Daily Finance 37
47. FACT CUTS WILL TO MADE TO MEDICARE ADVANTAGEPROGRAMS … CUTS WILL NOT AFFECT 75% OF RECIPIENTS Medicare Advantage is similar to private insurance because it is administered by a private company. However, 14% of it issubsidized by the government. Under health care reform, the Medicare Advantage users will receive the exact same care as those in traditional Medicare. Source: Kaiser Health Service. 39
49. FACT MANY CHANGES ARE HAPPENING NOW These are but a few of the changes we'll see before the complete health reform goes into effect in 2014. 1. Children can remain on their parents’ health plans until the age of 26. 2. Children can no longerbe denied coverage for pre-existing conditions. (MORE) Source: New York Times 41
50. 3. Adults denied coverage for pre-existing conditions will have access to high-risk insurance programs provided by the government. 4. Insurance companies cannot set lifetime limits on health care coverage or cancel a policy once someone gets sick. (MORE) Source: New York Times 42
51. 5. Small businessescan qualifyfor taxcredits to offset the cost ofhealth premiums. (MORE) Source: New York Times 43
52. 6. The Medicare doughnut hole gradually phases out: 2010: $250 rebate for persons falling into doughnut hole 2011: $500 rebate for persons falling into doughnut hole. reduction in brand-name and generic drug prices. 2013: Further reduction in drug prices 2020: The doughnut hole is GONE! The doughnut hole occurs when a Medicare Part D patient has spent $2830 a year for prescriptions. Medicare does not cover any other prescriptions until the total reaches $4550. Source: New York Times 44
53. CAN CAN YOU GET ME SOME HUDDLED MASSES YEARNING TO BUST THEIR BUTTS FOR $5 AN HOUR? IMMIGRATION 45
59. FACT ILLEGAL IMMIGRANTS PAY THE SAME TAXES AS YOU AND I PAY Employers of undocumented workers deductall the federal income and other taxes from all employees -- legal and illegal. 84%pay income tax and 0%file a return Source: National Immigration Forum 51
60. FACT THE U.S. ACTUALLY MAKES A PROFIT ON ILLEGAL IMMIGRANTS This is because so many illegal immigrants pay income taxes, sales tax, Social Security and Medicare and can not reclaim any money or benefits. (ANAVERAGE $80,000 IN A LIFETIME) (MORE) Source: National Immigration Forum 52
61. U.S. LAW PROHIBITS ILLEGAL RESIDENTS FROM OBTAINING ANY TYPE OF PUBLIC ASSISTANCE (welfare, food stamps, etc.) Studies show that only 2% of Mexican immigrants have ever used welfare or social security and only 3% have ever used food stamps. Illegal immigrants pay >$50 billion every year in Social Security … none of which they can claim. Source: National Immigration Forum 53
62. FACT UNDOCUMENTED PERSONS ARE ENTITLED ONLY TO EMERGENCY TREATMENT. A recent RAND Corp.study states:“The foreign born (especiallyundocumented) use disproportionately fewermedical services and contributeless to health care costs in relation to their population share.“ And, many illegal immigrants have their own insurance. Source: National Immigration Forum 54
63. FACT THE CRIME RATE IN MAJOR IMMIGRANT AREAS IS AT ITS LOWEST IN 4 DECADES Numerous reputable studies have shown that regardless of their legal status, immigrants are not the source of substantial crime. Undocumented individuals have a very high incentive not to break the law. Source: National Immigration Forum, Bureau of Justice Statistics (MORE)
65. FACT ILLEGAL IMMIGRANTS DO NOT TAKE AMERICAN JOBS Study after study has shown that immigrants grow the economy, expanding demand for goods and services that the foreign-born workers and their families consume, and thereby creating jobs. There is even broad agreement among economists that while immigrants may push down wages for some, the overall effect is to increase average wagesfor American-born workers. Source: FactCheck.com 57
67. FACT THE DEMAND FOR LOW-SKILLED WORKERS IN THE U.S. LABOR MARKET IS 500,000A YEAR THE CURRENT U.S. IMMIGRATION QUOTA IS 5,000 FOR THAT CATEGORY "If you are a Mexican wanting to get a legal visa to work in a low-skilled job in the U.S., you would be dead before you get your visa.'' Source: National Immigration Forum 59
68. MYTH A FENCE BETWEEN THE U.S. AND MEXICO WOULD SOLVE THE PROBLEM 60
69. FACT First: “For every 15-foot fence there is a 16-foot ladder or a shovel to dig underneath.” Second: 40% of undocumented persons in the U.S. entered legally and overstayed their visas Third: Only57% of all illegal immigrants arrive from Mexico. (The fence we are building now on our Mexican border is only one of two fences in the world separating states: the other one is the Israeli-Palestine wall.) Sources: www.politifact.com, Urban Institute (MORE) 61
70. INDIANS PLYMOUTH ROCK PILGRIMS “They say they’re building a wall because too many of us enter illegally and won’t learn their language or assimilate into their culture.” 62
79. FACT PAST CULTURES CONDONED SAME-SEX UNIONS Through the Ming dynasty in China, both females and males bound themselves in contracts with persons of the same gender. During the Roman Empire, same sex marriages were common … even Emperor Nero himself married a man. From the 5th to the 14th centuries, the Roman Catholic Church conducted ceremonies to bless same-sex unions which were almost identical to those for heterosexual unions. Source: The Marriage of Likeness: Same-Sex Unions in Pre-Modern Europe, John Boswell 69
80. MYTH CIVIL UNIONS AND DOMESTIC PARTNERSHIPS ARE THE SAME AS MARRIAGE 70
81. FACT DOMESTIC PARTNERSHIPS AND CIVIL UNIONS ARE NOT THE SAME AS MARRIAGE THEY: 1. Can cost thousands of dollars in legal fees whereas a simple marriage license usually costs less than $100. 2. Can be challenged in court. In the case of wills, legal spouses always have more legal power than any other family member. 3. Are not universally recognized. Physicians, judges, etc. may not recognize civil unions or domestic partnerships. (MORE) Source: lesbianlife.about.com 71
94. FACT BY 2023,SOCIALSECURITY WILLHAVE A SURPLUS OF $4.3 TRILLION It can pay out all scheduled benefitsforthenext 25 years with no changes whatsoever. After 2037, it'll still be able to pay out 75% of scheduled benefits-- and again, that is without any changes. Source: National Committee to Preserve Social Security and Medicare 76
96. FACT NOT ONE PENNY OF THE DEFICIT CAN BE ATTRIBUTED TO SOCIAL SECURITY By law, Social Security funds are separate from the budget, and it must pay its own way. Source: National Committee to Preserve Social Security and Medicare 78
97. MYTH iou THE SOCIAL SECURITY TRUST FUND HAS BEEN RAIDED AND IS FULL OF “IOU”S 79
98. FACT THE SOCIAL SECURITY FUND ISN’T FULL OF IOUs … IT’S FULL OF U.S. TREASURY BONDS It could be worse! President Bush wanted to put Social Security funds in the stock market (which would have been disastrous). Luckily, he failed. (MORE) Source: National Committee to Preserve Social Security and Medicare 80
99. HOWEVER, THOSE TREASURY BONDS ARE A PART OF THE $10.7 TRILLION DEBT WE OWE SOCIAL SECURITY 40% of the U.S. debt is money borrowed from Social Security … that is our money! (MORE) 81
100. DEFICIT COMMISSION The newly appointed deficit commission is charged with finding a way to CUT THE DEBT! And guess where the members of that committee plan to go for cuts … SOCIAL SECURITY! Co-chair, Alan Simpson, expressed his view of Social Security when he sent an e-mail to the National Older Women's League Executive Director comparing Social Security to "a milk cow with 310 million tits!" James Roosevelt, Jr. defended Social Security: “Social Security should be out of the reach of the Budget Deficit Commission because it is not part of the Federal budget. Since Social Security has not contributed in any way to the deficit, it makes no sense to consider it as part of the solution.” (MORE) Source: Nationional Committee to Preserve Social Security and Medicare; politify.com
101. SOCIAL SECURTY PAYROLL TAX IS LEVIED ONLY ON EARNINGS UP TO $106,800 A YEAR Millionaires and billionaires pay (and receive) the same as an individual earning $106,800 The Congressional Budget Office finds that: “Eliminating the limit on the amount taxed would provide all the money Social Security needs for the foreseeable future.” Senator Bernie Sanders proposed “applying the Social Security payroll tax on those whose incomes exceed $250,000”. Source: Congressional Budget Office 83
103. MYTH THE TEA PARTY IS A “GRASSROOTS” ORGANIZATION 85
104. FACT THE TEA PARTY IS AN “ASTROTURF” ORGANIZATION (MORE) 86
105. THE TEA PARTYIS A PROFESSIONALLY COORDINATED CORPORATE POLITICAL ACTIONTOOL. It was founded and funded primarily by the Koch brothers of Koch Industries … with support from Exxon/Mobile, Massey Energy and others. The money is funneled through conservative think tanks such as Dick Armey’sFreedom Worksand Americans for Prosperity. (MORE) Source: Alternet.com 87
117. finance and commodities trading.(MORE) Source: Alternet.com 88
118. IN 2008, THE KOCH FOUNDATIONS GAVE MONEY TO 34 POLITICAL AND POLICY ORGANIZATIONS, SOME OF WHICH THEY FOUNDED AND SEVERAL THEY DIRECT (MORE) 89
119. The founder, Fred Koch, also founded the Birch Society. Both sons (Charles and David) now manage the business and are dedicated Libertarians. They oppose taxes and government regulation. Of course, much less oversight of industry and fewer environmental regulations mean more profits for Koch Industries. Between 1997 and 2008, Koch Industries donated a total of nearly $48 million to climate opposition groups, $32 million in the last two years (MORE) Source: Alternet.com / Center for Responsive Politics 90
120. The University of Massachusetts Political Economy Research Institute named Koch Industries as one of the TOP 10 Air Polluters in the U.S. A Greenpeace report found that Kochhas been a “kingpin of climate science denial,” and “vastly outdid” ExxonMobil in giving money to organizationsfighting legislation related to climate change. The Justice Department charged that Koch Industrieswas responsible for more than 300 oil spills, which released 300 million gallons of oil into lakes and rivers and, later, leveled a 97-count indictment against Koch for covering up the discharge of 91 tons of the carcinogen, benzine. A Senate committee minority report found that a trust financed by Charles and David Koch “may have played a decisive role in four of six federal races(running attack advertising).” For more information, see the August 30, 2010 issue of the New Yorker. Source: Alternet.com
121. The founder of the Center for Public Integrity, Charles Lewis, told the New Yorker: “The Kochs are on a whole different level. There’s no one else who has spent this much money. The sheer dimension of it is what sets them apart. They have a pattern of lawbreaking, political manipulation, and obfuscation. I’ve been in Washington since Watergate, and I’ve never seen anything like it. They are the Standard Oil of our times.” Source: Alternet.com 92
123. FACT THE TEA PARTY IS PROFESSIONALLY MANAGED It is no accident that all the banners and slogans look alike or that the participants all say the same thing. In reality, the Tea Party is managed by the very conservative PR firm, King Media Group, whose slogan is “the art of persuasion … the science of media”. A leaked memo from details exactly how members should conduct themselves in town hall meetings and rallies … they are mere puppets of Koch and friends. Source: Alternet.com 94
127. FACT THE WEALTHY ALSO RECEIVE WELFARE WALL STREET: Bailouts BANKS:Cheap money through TARP to Goldman Sacks, Bank of America, Citigroup and other heavy hitters. AIRLINES:Small Business Administration(SBA) awarded contracts to the 13 largest government contractors rather than to “small” businesses. AGRI-BUSINESS :Agricultural price supports (72%) are distributed to the top farmers, not the family farmer. Congress rejected a cap of $250,000 per recipient. AUTO:Takeover of General Motors HEALTHCARE:Pharmaceutical companies are subsidized for developing drugs for profit. OIL:Oil companies receive subsidies and tax breaks for drilling. (MORE) Source: thefreemanonline.org
133. Other income securityMore than one-half of the welfare budget has nothing to do with the “poor”: It is allocated to general and federal employee retirement and disability insurance and other funded programs not directed at the poor. FACT 5.5% Source: Public Budget Database, www.OurDime,us (MORE)
134. 100 Conservatives are great at moralizing when the target is a vulnerable individual. When it's a big corporation that's exploiting the public purse, they're silent. So, let’s look at some of that welfare for the “rich” . (MORE) Source: www.OurFuture.org
135. 101 WELFARE FOR TOP COMPANIES From 2001-2003,275 large corporations on Fortune’s 500 list paid taxes on only about one-half of their income. As a result companies like General Electric, IBM, Microsoft and AT&Tsaved $175.2 billion in taxes alone. Construction of 90%of the huge Wal-Mart warehouses was subsidized by public funds. In addition, Wal-Mart has more workers enrolled in state Medicaid programs (which are supposed to be reserved for poor people) than any other employer They even hand out guides to help workers enroll in the programs. (MORE) Source: www.OurFuture.org
136. WELFARE FOR WALL STREET WW II $3.2 Trillion BAILOUT $8.5 Trillion Source: Reporters Committee for Freedom of the Press 102 (MORE)
137. WELFARE FOR BANKS $345 BILLION – That is how much privately-owned bankswere able to borrow from the Federal Government in May 2009 under (TLGP) Temporary Liquidity Guarantee Program . By paying less to borrow, using the Federal Government‘s credit, it's much easier to make greater profits. LOAN AMOUNTS $88.0 billion - General Electric $64.6 billion - Citigroup $44.5 billion - Bank of America $39.7 billion - JPMorgan $25.0 billion - Morgan Stanley $21.3 billion - Goldman Sachs) $ 9.5 billion - Wells Fargo Source: Newsweek (MORE)
140. $15.8 billion write-off for airport development costs incurred prior to 1971 and never repaid by carriers or passengers.
141. $5 million a year for free FAA aircraft registrations, pilot medical and airline certifications, and pilot licenses.Source: Association of Railway Passengers 104 (MORE)
142. WELFARE FOR AGRI-BUSINESS Washington paid out a $250 billion dollars in federal farm subsidies between 1995 and 2009 Of that, the largest 10% of farm programs received 74% of the subsidies averaging $445,127. The bottom 80 % of farmers received subsidies averaging just $8,682. Source: EWG Farm Subsidy Database 105 (MORE)
143. WELFARE FOR DRUG COMPANIES Taxpayer-funded scientists conducted 55% of the research that led to the discovery and development of the top 5 selling drugs in a single year. In addition to receiving research subsidies, the drug industry’s effective tax rate is about 40 % less than the average for all other industries. The drug industry’s returns on revenue have averaged about three times the average for all other industries represented in the Fortune 500. The Fortune 500 drug companies dedicated 30 % of their revenues to marketing and administration in the year 2000, and just 12 percent to R&D. (MORE) Source: www.citizen.org
144.
145. Generous write-offs for buying oil refinery equipment,
149. Exemption from environmental standards. AND MANY MORE! Examples of oil profits during this period are: $36 billion - Exxon Mobil $189 billion - Chevron Source: Union of Concerned Scientists 107
150. “ …Corporations have been enthroned, and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until the wealth is aggregated in the hands of a few, and the Republic is destroyed.“ Abraham Lincoln, letter to William Elkins, Nov 21, 1864 (after the passage of the debt causing National Bank Act [June 3, 1864]) 108