Friday, November 12, 2010

Need to Know for 11/12/2010

Flexible spending accounts are about to get more restrictions, for example, you will need a prescription to get a drug covered.

The GOP is having an internal battle over cutting military spending in order to reduce the deficit.

Sadly, a second case has been revealed where a potentially innocent man may have been executed on faulty evidence.


Politifacts of the day:

Pants on Fire to whoever is sending out the email saying: "Pres. Obama's finance team is recommending a . . . 1% tax on all transactions at any financial institution."

 

It was False when Rand Paul said: "The average federal employee makes $120,000 a year. The average private employee makes $60,000 a year."

Most people hearing that would assume he was talking about salary alone, but  he was talking about total compensation, including benefits such as retirement pay and paid holidays. Although studies show federal employees typically earn more than their private-sector counterparts, the difference is nowhere near as much as the doubling Paul says. So we rate his statement False.

 

It is True that the federal gas tax has not been raised since 1993.

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