Hi 36° | Lo 18°

Letter: Corruptocrats

Washington is full of criminals masquerading as politicians. Extortion is something the government is well-versed in, considering it has been confiscating the hard-earned wealth of Americans for well over 100 years. However, the government calls it taxes, so the average person thinks that is okay even though it is morally wrong.

Individuals in the media are placing all the blame on the Tea Party for jeopardizing the full faith and credit of the United States. However, both parties destroyed that generations ago when they thought they could create false prosperity through deficit spending. Until the corruptocrats on both sides offer up concrete proposals to cut spending and pay down the national debt, the American people should get used to the federal government being shut down.

The U.S. government is broke and cannot pay its obligations; that is why President Obama is asking Congress to raise the debt limit. After years of reckless spending on both sides of the aisle, the government has racked up a total bill of $220 trillion-plus (the $16.7 trillion Americans see on the debt clock does not include the unfunded liabilities of Social Security, Medicare and Medicaid). Each year the unfunded liability portion of the national debt grows to the tune of $11 trillion. This independent analysis is based on the work of Laurence Kotlikoff, economic professor at Boston University.



Legacy Comments15

Do any of you Dems know where the govt came up with the 45 million uninsured? I wondered about that myself so I checked it out. The figure came from a 2007 Bureau of Labor Stats and a Census Bureau survey. Here is how the uninsured break down. Medicaid Undercount is 6.4 million. Medicare/SChIP eligible 4.3 million Non Citizens 9 million Over 300X the poverty level 10 million Childless Adults 18-34 5 million. Remaining uninsured 10 million. So there you have it. So which of these groups do you think we should be subsidizing? All, or some?

Taxes are the price we pay for civilization. This letter exhibits precisely the kind of cynicism that the far right strives to encourage. They regard Washington with contempt when it works well in its role as counter-vailing power to business and industry, as it helps to level the playing field for citizens in the face of corporate power. Its tax and spending powers via progressive income tax rates have traditionally helped redistribute wealth that otherwise accumulates at the top in laissez-faire capitalism. History shows that our nation's democratic strength ebbs and flows as its wealth flows upward, or outward to a strong middle class--the real engine of job growth. When conservatives have control of the levers of power, they promptly set out to show how poorly government can work--via regulatory capture and general incompetence, and reckless stunts like the one the TP wing of the GOP is currently pulling. Deficits that conservatives rant about are the result of decades of ill-advised tax cuts--deliberately designed to cause deficits, with the fraudulent claim that economic growth would eventually yield more revenue than higher taxes would have. it doesn't work that way and it didn't happen in the Bush years. The far-right's goal has always been to 'starve the beast'. It has re-written American history to romanticize the individual's role in our history, while underplaying the historic role of government in developing the nation. Couple the tax cuts of the Bush era with 2 wars, new spending on a drug benefit plan, and top it off with the Great Recession, and the result was trillion dollar deficits. But the cure is NOT austerity; ask Europe how that has worked out. Instead, we need to gradually raise taxes on the wealthy, invest wisely in our economic future, and grow our way out of the current deficit as the economy recovers. The cynicism and negativity embodied by this letter leads only to anarchy and feudalism in the future.

The title to the above post is : "Cliff notes for the Leftist Manifesto"

The title to the above post is "I've got nothing."

Charlie, I prefer to use the phrase that Sgt. Schultz made famous. "I know nothing, nothing."

I'd add that left out of the claim from Lawrence Kotlikoff that the unfunded liability of SS, Medicare and Medicaid amounts to over $200 trillion, is that this projection is based on continued escalation of health care costs at present or greater rates. Instead, like every other modern economy, we'll eventually do the right thing and get a handle on these costs by adopting some form of single payer system. As Churchill said in another context, you can count on Americans to do the right thing, after they've exhausted every other possibility.

Paul Krugman used the words "death panels" and descibed rationing and escalating costs for Obamacare. Single payer is just a more advanced agressive and austere version of Obamacare.

Wrong. Again. The "death panel" claim was invented and popularized by a former NY Lt. governor and darling of the right, Betsy McCaughey, now making the rounds of Republican wing-buttery--she was in Concord just last week at the Common Man. You mean you missed her? Krugman would only have used the term to rebut such claims as hers. And single payer would be different in many ways from Romneycare/Republicare/Heritagecare/Obamacare.

From Investors News Daily: "Krugman, after speaking at the Sixth & I Historic Synagogue in Washington, D.C., was asked about the debt crisis. After arguing it's no big deal in the near term, Krugman admitted that "Eventually we do have a problem. The population is getting older, health care costs are rising ... . Something is going to have to give." "We won't be able to pay for the kind of society we want without some increases in taxes," he said, "and surely in the end it will require some middle-class taxes as well, maybe a value added tax." "We're also going to have to ... really make decisions about health care, (and) not pay for health care that has no demonstrated medical benefits." Krugman went on to say: "Death panels and sales taxes is how we do this." This wasn't the first time Krugman has used this line — a couple years ago he said pretty much the same thing on NBC's "This Week." And to his credit, Krugman is at least being honest about the miserable end to which liberalism leads. If the government continues on its current course, the nation's debt will climb inexorably higher. But Krugman's bleak future is hardly set in stone. Remember, Krugman says that it's the inevitable future that results from creating "the kind of society we want". The kind of society who wants? Here is the video at 2:20 in to the video he says very clearly "death panels and sales taxes is how we do this".

Why are you complaining about a Medicare drug plan when you support what amounts to the same kind of entitlement with Obamacare. Moreover, if you took all of the net worth wealth of the rich in this country, you would not make a dent in the deficit. What we need to do is stop spending so much money on new initiatives, fund the ones we already have and get rid of about 1/2 of the duplicative government services and civil servants.

Good letter Matt!!

Not a good letter, A great letter. This country has lived off the credit card for 30+ years. As they lowered tax rates on both personal and corporate entities and created all the loop holes to avoid taxes, they just kept spending. When the citizens started seeing the crazy spending (State and Federal) the politicians just started hiding the cost by raiding different accounts (SS, retirement pay accounts...). After that started running dry they now want to say, we just can't pay it all off...... We hear a big cry about a default on the US credit to "Investors" (China and Japan, the biggest) that they must be paid back, yet we hear no cry about the citizens that "invested" their money in SS and Medicare/caid for 30+ years. This Congress puts the big investors getting their profits ahead of the US citizen investors that paid into these programs. Which is the answer - return to older tax rates to pay for all the spending or just cut the programs that every citizen has paid into.

third option - let the economy grow us out of these democrat doldrums by reducing the taxes taken from the producers and given to the takers

Only one problem here and that is the timeline. Yes for 30+ years we lived on borrowed time and credit. The problem was nobody cared - nobody. As long as we were riding high on the prosperity bubble no one cared. It wasn't until the bubble all of us worked to inflate, popped. Then as we have done time and time again, we spend valuable time trying to place blame that we all share on whomever makes us feel the best. Politicians jump on their soapboxes and tell us who to blame and what to fear. Everything but how to fix it. So the pathetic lot that we are, are more interested in blame than solving the problem.

I'm surprised, it is a good letter. It is actually refreshing to see someone who is objective and intelligent enough to look past party lines and acknowledge it was a joint effort that got us here. That is something that one seldom see's here. "wink"

Post a Comment

You must be registered to comment on stories. Click here to register.