The Norman Transcript

Letters

December 27, 2012

These are problems America can fix

NORMAN — Editor, The Transcript:

I’d like to make a few observations as the media and everyone remotely associated with politics obsesses about the “fiscal cliff.” First of all, it is not a cliff.

True, a number of changes to the tax code and the federal budget are set to kick in Jan. 1. However, disaster does not strike Jan. 1 as everyone seems to assume. People will see a reduction in their take-home pay in their first paychecks after the first of the year, but the effects are cumulative over the course of a year.

If a middle-class family of four sees their taxes go up $2,000 over the next year, only one 12th of that cost is incurred in January. Sequestration cuts to all areas of the federal budget begin Jan. 1, but implementation across the federal system will occur throughout the year. Therefore, the cliff is more of a gentle slope.

Second, the changes are not, in and of themselves, bad. Remember back in 2000 before two rounds of the Bush tax cuts were implemented? We had a budget surplus. Everyone wrings their hands over the size of the federal deficit. Letting the Bush tax cuts expire is one of the best ways to pay down the federal debt everyone claims to be so concerned about.

Third, neither party has a plan that even remotely addresses the deficit they claim their plan will fix. Republicans would have you believe that raising the Medicare eligibility to 67 will eliminate the looming problems with Medicare funding. It won’t and, instead, according to calculations by OK Policy, seniors 65-66 will spend twice as much for their medical care as the government will save by denying them Medicare benefits.

Means testing for Social Security? Not even Republicans believe this idea has a snowball’s chance in hell. Democrats would have you believe that raising the tax rate on the top 2 percent of income earners by a few percents will generate enough tax revenue to make huge inroads on the deficit. It won’t.

Text Only | Photo Reprints
Letters
  • Norman should act wisely

    Editor, The Transcript: The fact that the city of Norman sells water for oil/gas drilling (or any other purpose) for less than half what they pay Oklahoma City when buying water, and while Norman residents are on rationing, is an act of ...

    April 18, 2014

  • Fallin should help residents

    Editor, The Transcript: I see this week that our empty skirt of a governor asked the federal government (small business administration) for much money. She is concerned about the suffering of the business owners in Lexington and Purcell ...

    April 17, 2014

  • League of Women Voters meeting

    Editor, The Transcript: On Saturday, May 10, the Norman League of Women Voters will hold its annual meeting at the Memorial Presbyterian Church, 601 24th Ave. SW, Norman, OK, from 11:30 am to 1:30 pm....

    April 12, 2014

  • Frackers should use gray water

    Editor, The Transcript: As reported by Joe Wertz in the March 31 issue of StateImpact Oklahoma, Finley Resources, a Texas-based oil drilling company, has arranged with the city of Norman to buy Norman’s drinking water from hydrants to use ...

    April 11, 2014

  • Columnists have it wrong

    Editor, The Transcript: I typically enjoy Class Act (the Q&A with school counselors published on Fridays) very much. I think they bring a rational and empathetic response to parents’ concerns when it comes to the challenges students and ...

    April 8, 2014

  • An unfortunate response

    Editor, The Transcript: On April 1, the citizens of Norman voted to approve the renewed PSST and to make it permanent by a narrow margin of 3,798 for versus 3,660 against. As a result of this vote, Mayor Rosenthal stated in The Norman ...

    April 6, 2014

  • Apathy and lack of understanding may doom universal health care

    Editor, The Transcript: Enrollments in the federal and state health exchanges were higher than expected and late enrollments are expected, yet people still contend the Affordable Care Act (ACA) is not going to be successful....

    April 6, 2014

  • The Medieval Fair as a measure of human progress

    Editor, The Transcript: This upcoming weekend we are invited to “Step back in time for a day of revels at the Medieval Fair. Enjoy mirth and merriment with kings, queens, knights and fools as the kingdom comes alive.” It’s an opportunity ...

    April 6, 2014

  • Acts of kindness still alive

    Editor, The Transcript: Random acts of kindness may be an overused phrase, but when kindnesses happen to your family, it is great to know it is alive and well....

    April 4, 2014

  • Property tax increase needed

    Editor, The Transcript: Household and government budgets are necessary to keep spending on track. Voters’ choices can determine the direction of budget cuts and adjustments. Always vote smart....

    April 2, 2014

Video
Facebook