Fiscal Cliff: Let The Tax Cuts Expire For Rich
To the Editor:
Time to talk deficit-fiscal cliff. Clinton left a budget surplus of over $200 billion. George Bush left a trillion dollar deficit. Large chunks of Bush’s deficit consists of: Bush tax cuts, two wars, Medicare Part D, all put on credit cards. In addition, the Bush recession added to the deficit.
The problem is not: food stamps, school lunches, Headstart, Big Bird, Pell Grants, or WIC. The poor, college students, the working class, the elderly did not cause the deficit.
Further, Social Security has zero impact on the deficit. It has no business being on the table. As for Medicaid, it’s under-funded now. As for Medicare, raising eligibility age is a bad idea.
The cuts should start with the military and the monster complex of the national security system. The U.S. spends more on military than the top 16 countries combined. Nearly 67% of discretionary spending is military related. Between the military and national security industrial complexes, we could cut deeply and be just as powerful and just as safe. In fact, perhaps safer! See “Top Secret America” by Dana Priest and William Arkin.
When George W.H. Bush dared to raise taxes, the economy grew; when Clinton increased taxes the economy grew. When George W. Bush cut taxes, the economy dived and job losses increased so badly that at the end of 2008 we were losing 800,000 jobs per month. It’s been about 10 years since the Bush tax cuts went into effect, and the “job makers” have not been making jobs.
To my elected representatives: Leave Social Security, Medicaid, and Medicare alone. Do not cut safety net programs. Do let the Bush tax cuts for the top 2% expire. Do cut Pentagon and national security budgets. Do create a jobs program in Franklin Delano Roosevelt style.