One side is lying; the other side is not telling the truth.
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Or to put it another way: One side is pretending that a wildly reactionary plan to further enrich rapacious corporations is really hardcore, gutbucket socialism from the Bolshevik trenches, while the other side is pretending that its "reform" is not really a wildly reactionary plan to further enrich rapacious corporations but something that will somehow, in some way, be good for some people at some point way down the line.
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One often finds that dealing in such utter unreality makes it somewhat difficult to achieve workable solutions to real-life problems.