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Q: Would 3 million jobs be lost if U.S. automakers go under?
A: The 3-million-jobs figure is based on doomsday assumptions that are unlikely to materialize. Independent economists put the job loss in the hundreds of thousands if GM and Chrysler go under. Ford has said it can survive on its own for now.
Q: What is the percentage of total personal bankruptcies caused by health care bills?
A: A Harvard study published in 2005 found that about half of those who filed for bankruptcy said health care expenses, illness or related job-loss led them to do so. Twenty-seven percent cited uncovered medical bills specifically, and 2 percent said they had mortgaged their home to pay what they owed.
Q: How is President-elect Obama paying for his transition?
A: Obama’s transition is being financed with $5.3 million in public funds provided by Congress, supplemented by another $6.7 million that his team hopes to raise from individuals in donations not exceeding $5,000 each.
Q: Do auto workers really make more than $70 per hour?
A: No. That figure is derived from what the auto companies pay in wages, health, retirement and other benefits, and includes the cost of providing benefits to retirees.
Q: Did Obama promise last year to ban all semi-automatic guns during his first year as president?
A: A widely circulated e-mail quoting Obama is baseless and almost certainly fabricated. He does support reinstatement of the expired "assault weapons ban" but isn’t calling for a wider ban on all semi-automatic weapons. He said repeatedly during the campaign, "I am not going to take your guns away."
Q: What’s a good source for the U.S.A.’s long-term debt, annual revenues and expeditures, and long-term deficit forecasts?
A: The Congressional Budget Office publishes data on the federal government’s budget – that’s revenues and expenditures, deficits and debt. The Treasury Dept. is the best source for daily debt figures.
Q: Did Nancy Pelosi get wage breaks and tax credits for the American Samoan operations of a company in which her husband owns $17 million worth of stock?
A: This widely e-mailed claim is false. Pelosi’s husband doesn’t own that stock, despite what a bogus Wikipedia entry briefly claimed. Furthermore, American Samoa never got the minimum wage exemption it sought.
Q: How can one get inauguration tickets?
A: Tickets to watch the swearing-in can be requested through the Washington, D.C., offices of an individual’s representative or senators. But you’ll need some luck to score one.
Q: Are congressional Democrats talking about confiscating IRA and 401(k) investment accounts?
A: No. There’s no plan to seize these accounts. One House witness at a committee hearing proposed to allow some people to trade their old accounts for a new type that would be less risky.
Q: Can a convicted felon serve in elected office?
A: The Constitution allows a convicted felon to be a member of Congress, even if in prison. It’s up to the Senate or House to decide who may serve. As for state offices, different laws apply in different places.