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    Myths

    LIE: The bonds in the Social Security trust fund are worthless

    TRUTH: The bonds in the Social Security trust fund are fully backed by the U.S. government

    LIE: Gasoline prices dropped in late 2008 because President Bush lifted an offshore drilling moratorium

    TRUTH: The decrease in oil prices in 2008-09 was due to the global economic slowdown

    LIE: Keystone XL pipeline would lower gasoline prices

    TRUTH: There wouldn’t be enough oil from Keystone XL to affect gasoline prices

    LIE: Legalizing undocumented immigrants would hurt the economy

    TRUTH: Immigration helps the economy grow

    LIE: The Federal Reserve caused the dollar to fall in early 2012, and therefore increased gasoline prices

    TRUTH: Experts say that the Federal Reserve’s policy didn’t increase gasoline prices

    LIE: The U.S. can’t compete with the Chinese solar industr

    TRUTH: The U.S. solar industry had a positive trade balance with China in 2010

    LIE: Gasoline taxes in the United States are high

    TRUTH: Gasoline taxes in the U.S. are lower than in almost every other developed country