The Rockin Johnny B

Tuesday, January 26, 2016

Charts & Stuff: understandable statistics

For those of us who hated statistics in high school. Remember that icky stuff in those geometry and algebra books and especially in that dreaded American History book? Remember how we used to skip over the little statistics on the footnotes of A.H. Book? How boring they were. Well here are some more of those boring graphs that you and I skipped over, but this time they are used to point out some cogent facts regarding today's history lessons.

President Barack Hussein Obama [yes I used his middle name to satisfy any latent Birthers out there] has gotten a bad rap. Facts don't prove out what the Right has been saying about the present president.

  1. Spending has been way lower under Obama than it was under Bush and the Budget Deficit has actually decreased under Obama when shown next to Bush.
  2. The Stimulus actually worked, however, it was just not enough.
  3. Social Security is a “Ponzi Scheme,” and is going broke is also blatantly false no matter what the Right has been saying. S.S. is NOT going broke. In fact experts believe even if nothing was done to tweak the system, S.S. would still be up and running 30 years from now paying out exactly what it's paying out now. And, no Ponzi Scheme would still be in existence after 80 years. Ponzi schemes collapse usually within 1-5 years. [Longest ever: Deepal Wannakuwatte's scheme lasted for a decade.]
  4. TAX CUTS GROW THE ECONOMY, GOVERNMENT SPENDING: Actually, the opposite is true. Tax cuts stifle the economy and government spending helps to grow the economy. It's relatively easy to prove that point. If you cut taxes, certain government entities have to cut spending and that means laying off personnel which sends them to the unemployment line, etc., etc., you get the point. Government spending on the other hand, means more jobs and more spending and an enhanced economy. You can never stimulate an economy by cutting taxes.

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