 The 7 Biggest Republican Lies About The Economy Torn Apart In Three Minutes (VIDEO)In two-and-a-half minutes, former U.S. Secretary of Labor Robert Reich destroys the seven biggest economic lies told by Republicans.In the short video, uploaded to YouTube by MoveOn, Reich uses facts to shred the Republican myth of trickle-down economics.While Republicans tell us that cutting taxes on the rich will spur economic growth and fuel job creation, the economic data tells a very different story. As Reich points out in the video, both Ronald Reagan and George W. Bush cut taxes on the rich, and  nothing trickled down. The result of Republican tax cuts for the rich have been the same across the states. GOP governors like Bobby Jindal and Rick Snyder have driven their states into economic ruin by imposing experimental trickle-down economic policies on citizens, with disastrous results.Along the same lines, Republicans claim that high taxes on the rich are bad for the economy. Yet history shows the opposite is true.Until 1980, taxes on the top earners in the U.S. were 70 percent. It wasn t until Republicans started cutting these tax rates that economic growth began to slow.Reich also tackles the myth that shrinking government creates jobs. The idea that we create jobs by firing people who already have jobs literally defies reason, but that hasn t stopped republicans from pushing it. It doesn t take much to destroy this lie.While republicans were remarkably silent about the national deficit while George Bush was in the White House, it suddenly became earth-shatteringly important on the day President Obama took office.Reich destroys the myth of deficit reduction as a top priority, explaining that the goal is to reduce the debt as a percent of the GDP, something that cannot be accomplished by slashing budgets all over the place.Reich also looks at how the rising cost of health care impacts the budget, busting the GOP myth that programs like Medicare and Medicaid are negatively impacting the economy.What s important to understand in relation to the health care debate is that government programs actually help slow the increase in health care costs for everyone.The right has been attacking social security as a  Ponzi scheme  ever since they figured out that there was a lot of money in the social security fund that they couldn t get their greedy little hands on.Is this true? Of course it s not. As Reich explains in the video, Social security is solvent for the next two-plus decades, and it would solvent for much longer if we lift the income cap.The video would not be complete if it didn t address the lie that lower-income people not paying taxes is horribly unfair to the rich.Watch the video below, courtesy of MoveOn on YouTube: While the video above was released in 2011, Republicans are still using these same debunked economic myths to press their disastrous agenda all across the country.As long as Republicans continue to try to repackage and sell these same old lies at election time, we ll be forced to keep debunking their myths time and time again.Image credit: wikimedia commons, video screen capture via MoveOn News
the biggest republican lies about the economy torn apart in three minutes video in minutes former secretary labor robert reach destroys seven biggest economic lies told short video uploaded youtube moved reach uses facts shred republican myth republicans tell us cutting taxes rich spur economic growth fuel job creation economic data tells different story as reach points video ronald reagan george bush cut taxes rich nothing tricked the result republican tax cuts rich across states gop governors like bobby final rick snyder driven states economic ruin imposing experimental economic policies citizens disastrous lines republicans claim high taxes rich bad economy yet history shows opposite taxes top earners percent it republicans started cutting tax rates economic growth began also tackles myth shrinking government creates jobs the idea create jobs firing people already jobs literally defies reason stopped republicans pushing it take much destroy republicans remarkably silent national deficit george bush white house suddenly became important day president obama took destroys myth deficit reduction top priority explaining goal reduce debt percent gdp something accomplished slashing budgets also looks rising cost health care impacts budget busting gop myth programs like medical medical negatively impacting important understand relation health care debate government programs actually help slow increase health care costs right attacking social security pond scheme ever since figured lot money social security fund get greedy little hands true of course as reach explains video social security solvent next decades would solvent much longer lift income video would complete address lie people paying taxes horribly unfair video courtesy moved youtube while video released republicans still using debunked economic myths press disastrous agenda across long republicans continue try repackaged sell old lies election time forced keep debunking myths time time credit wikimedia commons video screen capture via moved news
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT:  The 7 Biggest Republican Lies About The Economy Torn Apart In Three Minutes (VIDEO)In two-and-a-half minutes, former U.S. Secretary of Labor Robert Reich destroys the seven biggest economic lies told by Republicans.In the short video, uploaded to YouTube by MoveOn, Reich uses facts to shred the Republican myth of trickle-down economics.While Republicans tell us that cutting taxes on the rich will spur economic growth and fuel job creation, the economic data tells a very different story. As Reich points out in the video, both Ronald Reagan and George W. Bush cut taxes on the rich, and  nothing trickled down. The result of Republican tax cuts for the rich have been the same across the states. GOP governors like Bobby Jindal and Rick Snyder have driven their states into economic ruin by imposing experimental trickle-down economic policies on citizens, with disastrous results.Along the same lines, Republicans claim that high taxes on the rich are bad for the economy. Yet history shows the opposite is true.Until 1980, taxes on the top earners in the U.S. were 70 percent. It wasn t until Republicans started cutting these tax rates that economic growth began to slow.Reich also tackles the myth that shrinking government creates jobs. The idea that we create jobs by firing people who already have jobs literally defies reason, but that hasn t stopped republicans from pushing it. It doesn t take much to destroy this lie.While republicans were remarkably silent about the national deficit while George Bush was in the White House, it suddenly became earth-shatteringly important on the day President Obama took office.Reich destroys the myth of deficit reduction as a top priority, explaining that the goal is to reduce the debt as a percent of the GDP, something that cannot be accomplished by slashing budgets all over the place.Reich also looks at how the rising cost of health care impacts the budget, busting the GOP myth that programs like Medicare and Medicaid are negatively impacting the economy.What s important to understand in relation to the health care debate is that government programs actually help slow the increase in health care costs for everyone.The right has been attacking social security as a  Ponzi scheme  ever since they figured out that there was a lot of money in the social security fund that they couldn t get their greedy little hands on.Is this true? Of course it s not. As Reich explains in the video, Social security is solvent for the next two-plus decades, and it would solvent for much longer if we lift the income cap.The video would not be complete if it didn t address the lie that lower-income people not paying taxes is horribly unfair to the rich.Watch the video below, courtesy of MoveOn on YouTube: While the video above was released in 2011, Republicans are still using these same debunked economic myths to press their disastrous agenda all across the country.As long as Republicans continue to try to repackage and sell these same old lies at election time, we ll be forced to keep debunking their myths time and time again.Image credit: wikimedia commons, video screen capture via MoveOn News
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: the biggest republican lies about the economy torn apart in three minutes video in minutes former secretary labor robert reach destroys seven biggest economic lies told short video uploaded youtube moved reach uses facts shred republican myth republicans tell us cutting taxes rich spur economic growth fuel job creation economic data tells different story as reach points video ronald reagan george bush cut taxes rich nothing tricked the result republican tax cuts rich across states gop governors like bobby final rick snyder driven states economic ruin imposing experimental economic policies citizens disastrous lines republicans claim high taxes rich bad economy yet history shows opposite taxes top earners percent it republicans started cutting tax rates economic growth began also tackles myth shrinking government creates jobs the idea create jobs firing people already jobs literally defies reason stopped republicans pushing it take much destroy republicans remarkably silent national deficit george bush white house suddenly became important day president obama took destroys myth deficit reduction top priority explaining goal reduce debt percent gdp something accomplished slashing budgets also looks rising cost health care impacts budget busting gop myth programs like medical medical negatively impacting important understand relation health care debate government programs actually help slow increase health care costs right attacking social security pond scheme ever since figured lot money social security fund get greedy little hands true of course as reach explains video social security solvent next decades would solvent much longer lift income video would complete address lie people paying taxes horribly unfair video courtesy moved youtube while video released republicans still using debunked economic myths press disastrous agenda across long republicans continue try repackaged sell old lies election time forced keep debunking myths time time credit wikimedia commons video screen capture via moved news