From LaVern Isely, Monroe
To the editor,
President Clinton said "It's all in the math. The figures have to add up." That holds true today. This debate will probably go on for the next eight months. President Obama, claiming they must raise the income tax more on the wealthy and close those tax loopholes, making it harder for the wealthy to hide their money offshore, as well as big corporations paying no federal income tax. In fact, many get money back from the government and one being General Electric.
The new word you're going to be hearing a lot about is "sequestration" which is basically a word the wealthy are promoting, which means get the money from the poor. In Europe, they call it "austerity," which means the same. The only difference is that Europe has better organized unions over there than we have here. Consequently, you hear and see more protests about the way the countries are being run in Europe, particularly their investment banks. It showed up first with Barclay's Bank in England, who was manipulating LIBOR (London Interbank Offered Rate), where they got caught, were fined and their CEO, Bob Diamond, resigned.
The problem is, this is happening worldwide but rather than to put in really good regulations to make sure the practice is stopped, the government just keeps fining them a smaller amount and they just keep business as usual. To make up for the shortfall, the government, in an attempt to cover up for the shortfall, is taking it out on the labor unions in Europe by cutting jobs, raising taxes on the lower class, creating a bigger gap between the wealthy and the poor, even in the Arab countries such as Egypt and Syria.
Like I mentioned in last month's letter, the number of billionaires is going up worldwide in countries you never would have believed, such as China, Russia, India, as well as Arab countries, which is creating all that unrest in Egypt and Syria.
The only way you are going to get a change in whose responsibility it is to balance the budget, is to get all those Republicans, who signed the Grover Norquist Pledge, which was not to raise the income taxes on the billionaires, to change the Republicans' minds and refuse to sign it, even if it means less money at campaign time. The richest 1 percent should quit beating up on the 99 percent.
To the editor,
President Clinton said "It's all in the math. The figures have to add up." That holds true today. This debate will probably go on for the next eight months. President Obama, claiming they must raise the income tax more on the wealthy and close those tax loopholes, making it harder for the wealthy to hide their money offshore, as well as big corporations paying no federal income tax. In fact, many get money back from the government and one being General Electric.
The new word you're going to be hearing a lot about is "sequestration" which is basically a word the wealthy are promoting, which means get the money from the poor. In Europe, they call it "austerity," which means the same. The only difference is that Europe has better organized unions over there than we have here. Consequently, you hear and see more protests about the way the countries are being run in Europe, particularly their investment banks. It showed up first with Barclay's Bank in England, who was manipulating LIBOR (London Interbank Offered Rate), where they got caught, were fined and their CEO, Bob Diamond, resigned.
The problem is, this is happening worldwide but rather than to put in really good regulations to make sure the practice is stopped, the government just keeps fining them a smaller amount and they just keep business as usual. To make up for the shortfall, the government, in an attempt to cover up for the shortfall, is taking it out on the labor unions in Europe by cutting jobs, raising taxes on the lower class, creating a bigger gap between the wealthy and the poor, even in the Arab countries such as Egypt and Syria.
Like I mentioned in last month's letter, the number of billionaires is going up worldwide in countries you never would have believed, such as China, Russia, India, as well as Arab countries, which is creating all that unrest in Egypt and Syria.
The only way you are going to get a change in whose responsibility it is to balance the budget, is to get all those Republicans, who signed the Grover Norquist Pledge, which was not to raise the income taxes on the billionaires, to change the Republicans' minds and refuse to sign it, even if it means less money at campaign time. The richest 1 percent should quit beating up on the 99 percent.
