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The Invincible Lie: Part II

Allan12 Wrote: Jul 13, 2012 3:56 PM
I lost my last corporate job at age 59. From age 59-62 I lived off of a pension from my first corporate employer of 30 years. Now social security augments that pension. At least with my much reduced yearly income now I am paying much less in federal and state income taxes. Given they both tend to waste much of it anyway, I consider the fact I am now giving them less money a good thing. Were they responsible, the government debt would not be rising.

Editor's Note: This column is part II in a series. Part I can be found here.

Nothing produces more of a sense of the futility of facts than seeing someone in the mass media repeating some notion that has been refuted innumerable times over the years.

On July 9th, on CNN's program "The Situation Room" with Wolf Blitzer, commentator Gloria Borger discussed President Obama's plan to continue the temporary extension of the tax rates established under the Bush administration -- except for the top brackets, where Obama wanted the tax rates raised.

Ms. Borger said, "if you're going to lower the tax...