Please go here for economic understanding of what is happening, or at least as much as most people can understand.
As for everybody lying: I don't know. I doubt it, but I can't tell who is lying. The ability to lie with a straight face must be the first thing one needs for a political career. Sort of like young right-handed pitchers must be able to throw 90 mph in order to be looked at further.
This is a small experiment in the blogosphere. "If you have no interest in what it's like to grow old, what follows is not for you. However, if it's going to happen to you, and the outcome is ultimately going to be negative, then finding a way to make the process as bearable, even as enjoyable as possible, might be worth a little attention."—from John Jerome's On Turning Sixty-Five
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