Free to Lie – Part 3/3

July 14, 2011

I found it ironic that the truth about Social Security came from FDR’s grandson.

James Roosevelt Jr. says, “There is a saying that if you repeat something often enough it becomes the truth.”  Then later in the piece, he points out that “Social Security’s critics have been casting the same aspersions (an unfavorable or damaging remark; slander, which means a false and malicious statement) on the program for 75 years.” Source: Social Security’s Enduring Truths

I also learned that Social Security costs are funded out of its own dedicated revenue stream, which is paid by workers and employers.  It does not and cannot borrow money to finance its operations. There is no deficit financing in Social Security and by the end of 2010, the fund had a positive balance of $2.6 trillion and enough money to pay full benefits through the year 2036.


How the media lies to manipulate us – length about one hour

Compare that with the US National Debt, which carries a negative balance of more than $14 trillion while Social Security has no debt and carries a positive balance, yet, thanks to echoes in the media and on the Internet, many people believe that Social Security is almost broke and is a burden to the taxpayer.

There is a lesson to be learned here.

Next time you hear or read something about China from a US politician, a critic of China or from the Western Media, do not accept it as the absolute truth. Check the facts first—that is, if you can find them under all the lies.

After all, in the US where freedom of the press is protected, that means lies are also protected as long as they do not slander another individual.  Everything else is fair game for manufacturing the truth regardless of the facts.

Return to Free to Lie – Part 2 or start with Part 1

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Lloyd Lofthouse is the award-winning author of the concubine saga, My Splendid Concubine & Our Hart. When you love a Chinese woman, you marry her family and culture too.

To subscribe to “iLook China”, look for the “Subscribe” button at the top of the screen in the menu bar, click on it then follow directions.

6 Comments | America, China, economy, government, media, politics | Tagged: , , , , , , , , , | Permalink
Posted by Lloyd Lofthouse

America Electrified — China’s Road Map (Part 2 of 2)

May 9, 2010

In 1935, FDR issued an executive order to create the Rural Electrification Administration to bring electricity to millions of rural Americans.

The sad fact is that if President Obama were to propose doing something similar today, the issue would become devisive.  Politics might stop the process. The Tea Bag people would scream socialism, big government. They would march in the streets calling it “Obamapower” instead of the REA.

Franklin Delano Roosevelt - 32 President of the United States

It took six years after the REA was launched in 1941 to help 800 rural electric cooperatives to string 350,000 miles of power lines.

Click on the America’s electrical grid and learn more about what it took to build the most extensive electric transmission system in the world.  The electrification of America took more than half a century and is still evolving.

The biggest difference between China today and America in the 1950s is the population.  America electrified a nation with a population of about 160 million people.  China has 1.3 billion—a daunting task. Since China has connected about five hundred million in less time than it took the United States to connect far less, if anyone can do it, the Chinese can.

Discover China Going Green or return to Part 1 of America Electrified

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Lloyd Lofthouse is the award-winning author of the concubine saga, My Splendid Concubine & Our Hart. When you love a Chinese woman, you marry her family and culture too.

If you want to subscribe to iLook China, there is a “Subscribe” button at the top of the screen in the menu bar.

1 Comment | America, business, China, Chinese history | Tagged: , , , , , , , , , | Permalink
Posted by Lloyd Lofthouse