Open letter to President Obama (Part 199) Tea Party favorite takes on President

 

The federal government has a spending problem and Milton Friedman came up with the negative income tax to help poor people get out of the welfare trap. It seems that the government screws up about everything. Then why is President Obama wanting more taxes?

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Milton Friedman – The Negative Income Tax

Published on May 11, 2012 by

In this 1968 interview, Milton Friedman explained the negative income tax, a proposal that at minimum would save taxpayers the 72 percent of our current welfare budget spent on administration. http://www.LibertyPen.com

Source: Firing Line with William F Buckley Jr.

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Milton Friedman describes the welfare state’s effect on private charitable activity

Uploaded by on Oct 12, 2009

From “Free to Choose” (1980), Part IV: “From Cradle to Grave.”

(This letter was emailed to White House on 12-20-12.)

President Obama c/o The White House
1600 Pennsylvania Avenue NW
Washington, DC 20500

Dear Mr. President,

I know that you receive 20,000 letters a day and that you actually read 10 of them every day. I really do respect you for trying to get a pulse on what is going on out here.

Does Government Have a Revenue or Spending Problem?

People say the government has a debt problem. Debt is caused by deficits, which is the difference between what the government collects in tax revenue and the amount of government spending. Every time the government runs a deficit, the government debt increases. So what’s to blame: too much spending, or too little tax revenue? Economics professor Antony Davies examines the data and concludes that the root cause of the debt is too much government spending.

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Marlin Stutzman represents Indiana’s 3rd District in the U.S. House of Representatives and I have written about him several times before. The Cato Institute has given him a 99% rating on keeping his promises about cutting spending. Here is his article on the “Fiscal Cliff” for The Journal Gazette

Published: December 16, 2012 3:00 a.m.

New approach beckons for the new year …

Marlin Stutzman

As Hoosiers look forward to spending the upcoming holidays with family and friends, Washington is on the cusp of its latest fiscal crisis, and the menace of tax hikes on Jan. 1 is casting a shadow over what should be a joyful season. Unfortunately, this scene is all too familiar to the American people.

Despite numerous opportunities, Congress and the White House refuse to come to grips with out-of-control spending and offer long-term solutions to solve the federal government’s $16 trillion debt crisis.

Hoosiers have every right to be frustrated and discouraged with Washington, D.C., as the country heads toward bankruptcy, our nation’s broken entitlement programs teeter on the verge of insolvency, and looming tax hikes threaten thousands of Hoosier jobs.

The facts are alarming. Washington borrows more than 40 cents of every dollar it spends, Medicare’s own trustees have calculated that the program will reach insolvency in just 12 short years, and President Obama’s tax proposals jeopardize more than 15,000 jobs here in Indiana.

Despite his promise to cut the deficit in half by the end of his first term, Obama increased the national debt by more than $4 trillion. In just four years, this administration has stacked up more debt than every president from George Washington to Bill Clinton combined. A child born today inherits a $52,000 share of Uncle Sam’s borrowed spending. Meanwhile, their grandparents are left with the empty promises of a broken entitlement system.

Each day, 10,000 baby boomers reach retirement age and Medicare’s worker-to-beneficiary ratio grows weaker. In 2000, four current workers supported each beneficiary, but that number is on pace to fall below three. As that number declines, health care costs continue to climb. Nearly one in three primary care doctors is limiting the number of Medicare patients they see, and that number will only grow as Obamacare continues to be implemented. That’s unacceptable to the millions of seniors who were promised that the program would be there in their retirement.

Although Hoosiers understand that our economic crisis is, at heart, a debt crisis, Obama has focused nearly exclusively on tax hikes to fuel more deficit spending. Hoosiers know Washington can’t tax its way out of a spending mess. Under the most optimistic projections, Obama’s taxes will only cover eight days of government spending.

Despite these facts, the focus of the current fiscal cliff talks seems to remain on taxes, and when politicians focus on taxes instead of cuts and reforms, they leave middle class families out to dry. If we’re serious about fixing these fundamental problems, we have to rein in Washington’s runaway spending, give permanent tax certainty, and do the tough work of entitlement reform.

We need immediately to cut spending, responsibly cap future expenditures and put our nation’s finances on a path toward healthy balance. The House-passed budget, The Path to Prosperity, would have reduced the fiscal year 2013 deficit to less than $800 billion and put us on a path to paying off the debt.

Instead of threatening families and small businesses with the constant threat of higher taxes, we need to give certainty by extending the current tax rates for all Americans. In August, House Republicans and some Democrats voted to prevent these looming tax hikes, setting the stage for real tax reform in the year to come. The Senate should pass that extension without delay.

In addition, we must save Medicare while there’s still time. House Republicans have shown that we can reform Medicare for future generations without making any changes for current seniors. By expanding opportunity and empowering patients, younger workers can choose plans that meet their individual needs. We offer multiple guaranteed coverage options and, if it meets their unique needs, patients can choose the traditional Medicare plan.

In Indiana, we know that problems are only solved with honesty and hard work. Washington has an opportunity to tackle these challenges. This is difficult work, but no one was sent to Washington to make easy decisions.

As the new year approaches, there’s no better time to break Washington’s old habits and fix what’s broken.

Marlin Stutzman, a Republican, represents Indiana’s 3rd District in the U.S. House of Representatives. He wrote this for The Journal Gazette.
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Thank you so much for your time. I know how valuable it is. I also appreciate the fine family that you have and your commitment as a father and a husband.

Sincerely,

Everette Hatcher III, 13900 Cottontail Lane, Alexander, AR 72002, ph 501-920-5733, lowcostsqueegees@yahoo.com

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