Dimantleing Obama's lies

"Wages are Stagnant as Prices Rise: While wages remain flat, the costs of basic necessities are increasing. The cost of in-state college tuition has grown 35 percent over the past five years. Health care costs have risen four times faster than wages over the past six years. And the personal savings rate is now the lowest it's been since the Great Depression."

Barack Obama

According to the US Department of Labor average hourly wages have increased by over $4.00 per hour over the last ten years that includes that last 8 years that Bush has been in office. http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?request_action=wh&graph_name=CE_cesbref3

So we've already dispelled the lie that wages are stagnate shall we go for the next one?
The cost of basic necessities are increasing but that is normal in an economy in which wages are increasing.

On tuition inflation we see that over the past 5 years it has increased 35% that is actually normal. You see according to FinAid.org tuition increases at this rate normally which is about twice that of regular inflation.

"Tuition Inflation
A good rule of thumb is that tuition rates will increase at about twice the general inflation rate. During any 17-year period from 1958 to 2001, the average annual tuition inflation rate was between 6% and 9%, ranging from 1.2 times general inflation to 2.1 times general inflation. On average, tuition tends to increase about 8% per year. An 8% college inflation rate means that the cost of college doubles every nine years. For a baby born today, this means that college costs will be more than three times current rates when the child matriculates in college. This section of FinAid provides detailed information about the rate of increase of college tuition."
http://www.finaid.org/savings/tuition-inflation.phtml

So if we average 8% per year then 35% over five years is actually only about 7% a year in inflation. Not bad huh? The actual cost in tuition has doubled in the last 20 years. If you really want to know why then here is your answer in short.

1. Schools are spending wads of money trying to keep up with each other
2. 50-75% of tuition goes straight to faculty. As teachers get older their paychecks get bigger
3.Pressure on Universities to be LESS productive
4. Government subsidizes the problem with Financial Aid making demand for college grow
5. Our kids are just smart, motivated and qualified to get into college. Increased demand again...
http://moneycentral.msn.com/content/CollegeandFamily/P74829.asp

"And the personal savings rate is now the lowest it's been since the Great Depression."

Just read this article and you'll see that this is not a problem that the almighty government has to fix for us. We, as Americans, have the right and responsibility to spend our money as we see fit. Obama does not need to tell us how to spend our money.

More lies and stuff to be exposed