I thought Congress was only to create taxes need to 'protect' us from our
enemies and to build our infrastructure?
Where did all these social taxes come from? When did Congress decide they
needed to meddle in social problems (and attempt to eliminate them with a
tax)?
I thought social problems were to be resolved by the local community?
What's good for New York won't necessarily work for any other state. We
need to return government to the people (not the lobbyist) and give the
community back there tax dollars instead of Congress 'pork barreling' our
money for their state (community) votes.
Larry A. Barnes
-----Original Message-----
From: Nick Demos [mailto:[log in to unmask]]
Sent: Thursday, July 26, 2001 12:23 PM
To: [log in to unmask]
Subject: Re: [HP3000-L] OT: Federal Budget Surplus....
AMEN
Nick D.
> Exactly. Why in the Hell is G-Dumb-Ya "giving" us a tax cut/"refund" when
> we owe $2,000,000,000,000 to Social security, and another
> $3,000,000,000,000 to the federal deficit? He is another one wanting to
> spend the surplus before it's here. Plus, he says he is only going to pay
> down the "easy" debt (About $3 trillion out of the $5 trillion). And the
> other $2 trillion will remain. I mean, I want lower taxes...who doesn't?
> But I want the debt paid off, Social Security and Medicare fully funded
> again, FIRST. Pay off the debts, then the budget will look fantastic in
> the year 2010. The 34% of the budget that currently goes to debt interest
> will be freed up for other programs or, even better, a 34% tax cut! The
> government already does far more than it is supposed to. There are
> currently over 20 cabinet positions, each with their own agencies. Do you
> know how many cabinet positions FDR had? Answer: 4. Cut the government,
> cut the debt, then cut our taxes. IN THAT ORDER.
>
> My soap box just broke under the weight of all that hot air. I bid you
all
> well.
>
> Randy Keefer
>
> On Mon, 23 Jul 2001 11:55:22 -0500, Jerry Fochtman
<[log in to unmask]>
> wrote:
>
> >The thing that bothers me is that the billions of dollars
> >currently in the Social Security funds are used in determining
> >the fact that our federal budget will have a surplus. When
> >in fact that by current law, the government cannot use these
> >funds for anything except for paying retirement benefits.
> >So the bottom line is, there is actually several billion
> >dollars less than reported that can actually be used for
> >various programs. And if, as predicted, these funds run-out
> >in the 2021+ timeframe, the impact on the budget will be
> >an obligation to pay the benefits for all those that
> >contributed.
> >
> >This accounting 'slight of hand' was done back in the 80's
> >whereby previously, these funds were not reflected in the
> >budget.
> >
> >Also, did you know that the only thing that these funds can
> >be invested in is treasury bonds/bills at what are usually
> >fairly low rates of return when compared to other forms of
> >secured investment? One item Bush/others wanted to do was
> >at least allow the funds to be able to invest a part of these
> >monies in other securities to try and enhance the overall
> >rate of return for the future benefit of the participants.
> >
> >While I'm on my soap-box, I also dislike politicians who
> >feel obligated to spend the projected surplus, especially
> >before it is a reality, simply because its there. I'd
> >rather see them buy-down some of the national debt, although
> >I do realize that having some debt is actually good for
> >our overall economy.
> >
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> >* etc., please visit http://raven.utc.edu/archives/hp3000-l.html *
>
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