Money & Politics



Both campaigns are using deceptive advertising in trying to win our vote — first, the Obama campaign uses “either/or”  reasoning (with a little touch of fear) to tell us that Romney will either increase the deficit or raise taxes on the middle class in order to pay for his promised 20% tax cut across the board — however, there’s more wiggle room in here — he could do numerous things, such as cut from established programs, trim taxes from other areas, etc.  He has said repeatedly that he will not raise taxes on the middle class.  Now, the Romney campaign stretches the truth, like Pinnochio’s nose, in the anti-Obama ad:  in claiming that Obama’s yearly deficits are the highest in U.S. history, they fail to mention that he inherited the largest deficit in history when he took office.  Obama actually reduced that deficit from 1.4 trillion to 1.1 trillion in 4 years.  He did not, as the ad says, increase the debt to as much as all previous 43 presidents combined, only half.  And while it’s true that “over 30 cents of every dollar Obama spends is borrowed,” it is less  than the 40 cents that he inherited when he took office. 


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