Letter: Support Urged for Romney and Roskam
Wheaton resident Terry Spangler writes in support of Peter Roskam, candidate for the 6th Congressional District.
Downers Grove Patch accepts letters to the editor, which will be posted on the site weekly.
The following was submitted by Wheaton resident Terry Spangler.
If you're interesting in submitting a letter, e-mail Downers Grove Patch Editor Amanda Luevano at amanda@patch.com.
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To the editor:
During the recent Olympics, President Obama presented a campaign ad asserting that he wanted to increase taxes on the top 1 percent of Americans in order to help pay down the debt.
Here is some simple math - a trillion is one-thousand billion. Our national debt is now more than $16 trillion. If you took all of the money from all of the billionaires in this country, this would add up to about 305.1 billion dollars - something less than 2 percent of the current national debt; AND in the time it took to collect that money and put all these people AND their employees in the poor house, the interest would have added back that amount of debt in the first place.
Whether you are a liberal, conservative, or moderate, the math is the same. I am an independent, by the way, who has voted for members of both parties over the years. The President is presenting smoke and mirrors.
Governor Romney, on the other hand, has been known throughout his career as a financial genius noted for bailing out financially-troubled companies and for rescuing the 2000 Winter Olympics from almost certain bankruptcy and making it a financial as well as a general success. He seems like just what the doctor ordered for our needs at this time.
In addition, my own Congressman, Peter Roskam, understands that to ACTUALLY reduce our staggering debt we need to confront its main instigators, including our huge entitlement programs. These programs are unsustainable in their current form. Without reform, there is no doubt that they will not be there for future Americans.
I support Governor Romney and Congressman Roskam this November because they know what a huge deal our national debt is. I urge you to do the same.
Terry Spangler
Wheaton
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Ray Osborn
9:56 am on Thursday, September 20, 2012
So it's obviously part of Peter Roskam's campaign to have letters to the local press, naturally written by independents. The Republican claim to care about the deficit would be more reasonable if they hadn't been responsible for creating most of our current one through tax cuts aimed primarily at the wealthy, a prescription drug plan that had no cost controls, and two wars. Furthermore, Romney plans to reduce the top tax rate paid by high income earners from 35% to 28%, adding $900B to the deficit in 2015 alone (http://www.taxpolicycenter.org/taxtopics/romney-plan.cfm). This is in addition to rescinding the over $700B in Medicare savings that Obama negotiated with medical providers, so that he can claim to defend Medicare. Apparently, Romney will pay for his tax cuts by reducing tax loopholes, but he refuses to provide any details about which ones (charitable donations, mortgage deductions?). As Clinton said, simple "arithmetic" shows that this will either require gutting spending on schools, roads, homeland security, etc. or increasing taxes on the middle class. But Romney will only discuss the details with Congress, conveniently after the election. It would be nice if we could have an adult debate using realistic numbers that allowed us to decide on what difficult choices we need to make, but the Republicans won't trust us with actual numbers before the election because we might not like them.
DG Guy
11:07 am on Thursday, September 20, 2012
The Bush tax cuts definitely contributed to the deficit. The bulk of the cuts though did not go to the wealthy. Over 10 years all of the cuts will cost the US 3.7 trillion. Obama frequently cites (and the CBO agrees) that the cost of the cuts for the wealthy are $700 Billion. $3.7 Trillion - $700 Billion = Your argument about preference for the rich falling apart. The Bush tax cuts DO need to go away. But they need to go away for everyone and Obama needs to be honest with all of us and drop the "hate the rich" nonsense.
Regarding the $700 billion in Medicare savings: That number is not a negotiated savings. It is a freeze in reimbursement rates to doctors. The GAO and CBO have publicly stated they don't think that will ever happen. On December 9 2010 those same freezes\cuts were voted down 409 to 2 by the same congress that passed that healthcare act. This is why the CBO and GAO have baseline and "alternative scenario" calculations in their analysis of the healthcare act. The normal scenario shows deficits dropping. The Alternative Scenario is what they actually think will happen and shows the healthcare act drastically increasing the deficit.
Paul
10:47 am on Thursday, September 20, 2012
Terry, you have to start somewhere. Also, I am very tired of republicans saying that american companies have the highest tax rates in the world, If that were true the deficit would be a lot less. But the truth is, some of these companies through many loop holes do not even pay taxes or a lot lower than what is said. O'bama is not presenting smoke and mirrors. That has been done the 8 years prior to O'bama and from guys like roskam. I tell you this, if folks like roskam, Boehner, cantor, and mcconnel would have helped this guy instead of fighting him on everything tooth in nail, things would be a lot better now. Sorry, i disagree with your views. Romey with all do respect floats like the wind. A brilliant business man? That is debatable. I do know that he shipped a lot of jobs overseas when he was in charge and with all do respect, how can anyone back him when he won't release more that 2 years of his returns like his opponent has?
DG Guy
11:24 am on Thursday, September 20, 2012
I'm not a fan of Mitt but the "shipping jobs overseas" bit has been repeatedly debunked by CNN, CBS, etc.
Factcheck.org refuting:
http://factcheck.org/2012/06/obamas-outsourcer-overreach/
Paul
11:47 am on Thursday, September 20, 2012
OK dgguy, Will give him some slack.
JanS
1:12 pm on Thursday, September 20, 2012
Who cares who writes the letters, so longs as the fact are truthful. Be informed and vote. And do not buy the media hype that the election is already determined. YOUR VOTE COUNTS. in 2010 Pat Quinn won only 3 our of 102 counties and by about 1% of the vote.