I literally can't believe all the drivel that I have read in the letters posted so far. I'm 70 years old and my 401(k) just went south with the stock market (i.e., by at least 1/3). Reagan drove us so far in debt with his military buildup that it took Clinton eight years to climb out and cost the Democrats the Senate and the Congress. Yup, you all are correct, Reagan did drop the taxes on the billionaires and so did our hero Bush. Clinton had to raise taxes on the poor via the fuel tax and every other consumption regressive tax to make up for it. Ain't revisionist history great, eh fellers? I agree, both Reagan and Clinton deregulated the banking industry so they could make big buck$ investing in such secure things as oil, and according to Greenspan they would be able to make credit cheap by spreading the risk through other investments, oops. A gal makes beds at Motel 6 all her life and retires on $500 a month on Social Security, and you think she is stealing from the country, but our CEOS walk off with billions and we celebrate them as heroes and cut their taxes? Is there something in the water?
I wish that there was a floor under Social Security. One trillion dollars for that wonderful war in Iraq, and you want to give all us old geezers a shopping cart and a cardboard box to live in. Do we get a tin cup too? Look, the class war is over and the "rich" have won.
James L. Pinette
Feb 15 2009 - 1:36am