[Vision2020] back and forth bickering (sane people please disregard) was something equally irrelavant

[Saundra Lund]

Roger wrote:
"On top of this, Obama wants to eliminate taxes for those making less than $200,000. This would mean that over 50% of Americans would not pay taxes."

Roger, either you have a gross misunderstanding of Obama's plan or you're intentionally trying to mislead people -- a tax cut isn't the same as eliminating taxes as I'm sure you know.

I prefer to believe the former, so I'll ask you to please cite your source.


Saundra Lund
Moscow, ID

The only thing necessary for the triumph of evil is for good people to do nothing.
~ Edmund Burke

***** Original material contained herein is Copyright 2009 through life plus 70 years, Saundra Lund.  Do not copy, forward, excerpt, or reproduce outside the Vision 2020 forum without the express written permission of the author.*****

-----Original Message-----
From: lfalen [mailto:lfalen at turbonet.com] 
Sent: Wednesday, January 28, 2009 11:02 AM
To: g. crabtree; Saundra Lund; vision2020 at moscow.com
Subject: Re: [Vision2020] back and forth bickering (sane people please disregard) was something equally irrelavant


>From John Goodman, NR january 26, 2009- paraphrased- "Baby Boomers are about to retire. The Social Security trustees tell us that we have promised more than $100 trillion Social Security and Medicare benefits over and above dedicated taxes and premiums. That figure is about seven timed the size of our economy. If health care spending trends continue, Medicare and Medicaid will crowd out every other federal programs by mid-century when today's college students reach retirement age. This is unsustainable. We have made promises that we cannot keep."
This does not include universal health care and Social Security and Medicare payments go into the General fund instead of a lock box for Social Security.  On top of this, Obama wants to eliminate taxes for those making less than $200,000. This would mean that over 50% of Americans would not pay taxes. A fair share of rich people have enough deductions and subsides that they do not pay taxes either. You big spending people please tell me just who is going to pay for all of this? If you put it all on those rich who are left it will have a negative effect on the economy. More of these people will take their money off shore. There will be less investment in new businesses and the economy will stagnate.
Roger