Ten Common Myths About Taxes, Spending, and Budget Deficits
When political leaders communicate to their constituents, the mediatransmit and often analyze those messages. How Americans view the world, their government, and the economy is therefore largelyinfluenced by media reports, which often contain economicmisinformation. This paper refutes 10 common misconceptions abouttaxes, spending, and budget deficits that are spread by politiciansand reporters.