Top Ten Economic Myths You Might Hear From Bernie And Hillary

Bernie-Sanders-And-Hillary-Clinton-Are-WRONG

What with Democrat presidential candidates Hillary Clinton and Bernie Sanders constantly spewing pseudo-economics to their base, we felt that it might be a good time to expose some of the top economic myths — all of which, ironically enough, are being peddled by these two schmucks.

#1. Americans work more hours but make less money.

Wrong

Americans actually work fewer hours and make more money.

Source

#2. Prices and wages are “set” by businesses.

Wrong

They are determined by the market, i.e., supply and demand.

Source

#3. The rich get richer at the expense of the poor.

Wrong

As the rich get richer, they create more job opportunities, thus giving the impoverished more chances to raise themselves from the bottom.

Source

#4. Rent control makes housing more affordable.

Wrong

“Rent control makes apartments cheaper for some tenants while making them infinitely expensive for others, because some people can no longer find a unit, period, even though they would have been able to at the higher, free-market rate.”

Source

#5. Business taxes are paid by business owners.

Wrong

Those taxes get funneled directly to you, the consumer.

Source

#6. Social Security will always be around.

Wrong

Unless our lawmakers tackle out-of-control entitlement spending, Social Security and other such programs will eventually go bankrupt.

Source

#7. Cutting taxes hurts the economy.

Wrong

Cutting taxes encourages the taxed behavior, and the added economic activity creates more wealth and more jobs.

Source

#8. Government spending is good for economic growth.

Increased government spending by an inefficient government actually leads to slower economic growth.

Source

#9. The deficit and debt are due to military spending.

Wrong

The deficit and debt exist primarily because of out-of-control entitlement spending.

Source

#10. Barack Obama has been a boon to the economy.

Wrong

You’re kidding me … RIGHT!?

H/T Townhall, National Review, New York Post, Liberty.me



V. Saxena

About V. Saxena

V. Saxena is a conservative news writer and social/political commentator for the Conservative Tribune, the Federalist Papers Project and Downtrend.com who strives tirelessly to expose the errant hypocrisy of liberalism.

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