The Daily Star, Oneonta, NY - otsego county news, delaware county news, oneonta news, oneonta sports

Columns

December 4, 2012

Neither party has the will to cut spending

To Jim Broe and his family: If there is a better man or a better friend, we’ve yet to meet him. You always said more money can be made when a Democrat is in the White House. So, now’s not the time to be ailing. Get well soon, old friend! God bless you and Joyce.

Recently, Dick Rand and his family lost their barn and herd to a fire. It is a terrible tragedy, and you are in our prayers. God bless you in your time of need.

Nationally, we are facing the “fiscal cliff.” America is approaching the abyss! Sounds ominous, doesn’t it? We are staring into a vast financial chasm of immeasurable depth from which there is no return. Another Great Depression is promised, if we refuse to act.

Taxes will be raised on all Americans because, among other reasons, the Bush tax cuts will expire, and it will be the beginning of new taxes thanks in large part to Obamacare. Automatic spending cuts (yes, real spending cuts) will kick in, because of the 2011 debt ceiling deal. More than 1,000 government programs, including Defense and Medicare, will be affected.

Truth be known, the real hub-bub, the bull in the heifer pasture, and the flies in the fries are the true spending cuts that both parties fear more than a Rosie O’Donnell wardrobe malfunction.

As usual, President Obama and the Democrats want to raise taxes on the “wealthy,” who already pay more than their fair share. As William Shakespeare once said, “Much ado about nothing.” The revenue raised by such a gesture will be miniscule to the government coffers, yet very harmful to investment and job growth. 

Investors, aka the wealthy, are not stupid and they will simply hold their capital or invest it elsewhere. Besides, where will this pool of capital be better spent? Will we get more “bang for the buck” by businessmen investing in factories and new products or by some career bureaucrat in Washington perpetuating his job by more wasteful spending and ongoing trillion-dollar deficits?

Text Only
Big Chuck D'Imperio

Cary Brunswick

Chuck Pinkey
Guest Column
Lisa Miller

Mark Simonson

Rick Brockway
Sam Pollak
William Masters
  • Schreibman tops Chris Gibson on women's issues

    As the time to vote draws near, we need to remember how money can run politics more than we can. Raising funds is a prominent (if not the dominant) task of getting elected. Raising issues is also crucial, but those efforts are subject to distortion and fear-mongering.

    September 18, 2012

  • Republicans feelentitled to allthey can garner

    An entitlement is a legal benefit available from the government to individuals who are within a defined category of recipients, such as needing insurance for unemployment or health services.

    September 4, 2012

  • Romney focuses on self; Obama emphasizes unity

    Mitt Romney criticizes President Obama for saying a person's success is rooted in his community, and is not all his alone. Romney belittles this with his belief in individual initiative. He is better at the put-down than the push-up.

    August 21, 2012

  • Romney shows little regard for common man

    The Republicans in Congress have voted over and over, 33 times, redundantly and uselessly, to rescind what they call Obamacare.

    August 7, 2012

  • Scouts' gay ban creates problem where none exists

    The Boy Scouts of America's "emphatic reaffirmation" of its vow to exclude any and all homosexuals from its hallowed ranks is ill-considered and pathetic, especially in view of its having reviewed the matter for two years.

    July 24, 2012

Additional Content
Join the Debate
Helium
Additional Resources
CNHI News Service
Poll

Are your taxes going to be done on time?

Yes, they're all finished
I should make it in under the wire
No, I'm late
No, I'm filing an extension
I'm not filing a tax return
     View Results