Letters to the Editor

Your views in 250 words or less

Tag: FISCAL CLIFF

Dec.
27th

ECONOMY: House Republicans represent real danger

Re: “Will the Republican House please join this government?” (editorial, 12-26).

I agree with the editorial. I believe elections have consequences. Part of what voters said in our last election was that they trust this president and trust his vision for America.

Since the first terrible debt ceiling mess in August 2011, the Republican members of the House have engaged in hostage-taking and kidnapping of the health of the American economy. Compromise, in their view, is evil and consequences caused by their absolute inability to compromise mean nothing. Wall Street has been appalled, and most Americans feel like their

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Dec.
26th

ECONOMY: TNT criticizes the responsible side?

Re: “Will the Republican House please join the government?” (editorial, 12-26).

One side promotes “soak the rich (and reduce our rate of spending over 10 years)” – which would solve less than 10 percent of the annual deficit.

The other side promotes “we’re spending nearly $1 trillion more than we’re accustomed to spending. So, in addition to exploring increased revenue ideas, the real solution lies within the spending side of the equation.”

And, the best The News Tribune editorial board can come up with is to admonish the side that’s looking to responsibly fix the 90 percent of the problem.

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Dec.
26th

ECONOMY: No Band-Aids for growing deficit

I am actually worried that the politicians will cut a deal which keeps in place the growing deficit and the behemoth government with the Department of Redundancy Department and the many other wasteful programs.

The idea of settling on something where there is no pain to anyone on either side is horrible. This is a mammoth debt, and without a real plan for reducing it, we are getting nothing but a Band-Aid for cancer.

Dec.
24th

ECONOMY: Blame right-wing radicals for fiscal cliff

Let’s stop pretending that Congress is dysfunctional and government doesn’t work.

The fact is, a gang of far-right Republican radicals hold Congress and our economy hostage, and subvert the very process of democracy, not because they have a coherent political philosophy, but because they hate our president more than they love America.

These radicals devote their political lives to making Barack Obama fail. They know that by blocking economic progress, they also block progressive achievements like health care, gun control and immigration reform. Provoking the American people to anger against our federal government is part of their scheme to start

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Dec.
24th

ECONOMY: On fiscal cliff, let’s keep it simple

A Keep It Simple Solution (KISS) to the fiscal cliff would be to enact the following, to expire in five years:

• An additional deficit reduction tax of .5 percent of gross income, including capital gains, and before any deductions. This tax shall apply to all income. Leave the Bush-era tax rates in place during this period.

• Eliminate cost-of-living adjustments for all entitlement incomes, including Social Security, veterans benefits and federal retirements. COLAs will be revisited at the end of five years.

• Reduce all other federal government expenditures by 1 percent per year for a cumulative 5 percent

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Dec.
18th

ECONOMY: Don’t make deal that hurts middle class

All Americans – from the extreme left to the extreme right – will suffer from a bad fiscal cliff deal. How do I know? Just look at some recent history.

TARP and the bailout handed public money to private corporations, rewarding them for playing fast and loose with the rules. America got involved in two wars, and we’ve paid a high price in blood and treasure. Tax cuts that heavily favored the wealthy were ruinous to our budget surplus.

These were all bad deals, but cutting Social Security and Medicare is the line in the sand. And we should all

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Dec.
14th

FISCAL CLIFF: It’s time to bite the bullet

There are a number of ways that we could begin to cope with the absolutely disastrous financial situation we are in, but none of them are popular with most of the people who would have to make any meaningful sacrifices.

Just raising taxes on the rich would not even begin to solve the problem. All of us will have to make do with a little less if we can ever hope to turn the situation around.

In addition to significantly raising taxes on wealthy people, I would strongly support government spending cuts in a number of areas (including some that

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Dec.
13th

TAXES: Everyone will be paying more in 2013

The “fiscal cliff” is the current bright shiny object, but scant attention is being paid to the new taxes that will start with the new year. The bill for all the pre-election Obamacare freebies will start to come due.

Of course, those “other” people making more than $200,000 will see a new 3.8 percent tax on investment income and will pay an additional 0.9 percent Medicare tax, but everybody will end up paying for the new 2.3 percent tax on medical equipment. All families with high out-of-pocket medical costs will see the threshold rise from 7.5 percent to 10 percent

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