Letter: Obama depriving social security fund - East Valley Tribune: Opinion

Letter: Obama depriving social security fund

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Posted: Tuesday, December 27, 2011 7:48 pm

Fact: 47 percent of the households pay no federal Income Tax! Obama’s 2011, one-year employment tax reduction, will deprive our social security fund of $119 billion. If Obama is allowed his way, HE will do the same thing in 2012 for another $105 billion shortfall. Borrowing money from China to give foreign aid, to send us stimulus checks and to reduce our payments into social security is insane. Our national debt may be staggering, but it is dwarfed by our existing obligations to social security and government pensions. We can’t survive four more years of calculated sabotage to our economy that has drifted into a failed socialistic European model. Anyone — and I mean anyone — but Obama in November!

Joseph DuPont

Towanda, Pa.

 

Editor’s note: The 47 percent statistic was for fiscal year 2009. For fiscal year 2010, the number of U.S. households who owed no federal Income Tax was 45 percent.

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