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Bill Haling: Social Security surprise

Bill Haling
Silverthorne

Listening to the CBS interview of President Obama was a shocker. President Obama indicated if the debt limit was not raised, I may not get my next Social Security check.

All this time I was under the belief that Social Security was in a “lock box” and according to Sen. Reid, “Social Security was solvent way into the future.” Who am I to believe?

Could it be President Obama was employing demagoguery an issue for political purposes?

This president would not do that to a senior citizen who paid into the Social Security system for 40 years, would he? So what is the truth? Do I believe President Obama or Sen. Harry Reid? Not much of a choice, is it?

This creates a conundrum for me. Imagine not getting my Social Security check because some rich guy didn’t pay enough taxes. How unfair can that be?

Reading the “Opinion” page these past weeks has been interesting. There are points of view that fall into what Saul Alinsky characterizes as “Haves” and “Have-Nots.” If you are a “Have,” then raising taxes does not make sense in the current economic condition. If you are a “Have-Not,,” then let’s get those rich guys to pay more so we can “spread the wealth.” Life is not fair, is it?

You can be born into a dysfunctional family and raised in a foreign land. Yet there are advantages you can still enjoy – “financial systems that loan money for college,” You can even achieve the highest political office in the land: POTUS. You can enjoy the riches (taxes) of the working population to fly all over the United States fund raising for your next election. America is the land of opportunity.

There are some nostalgic comments about raising taxes like Clinton did in the early ’90s. This resulted in a federal surplus. The good economic times and extra taxes no doubt benefited our treasury. But alas, as Clinton’s term was ending we were experiencing the dot-com bubble bursting. Growth in gross domestic product slowed considerably in the third quarter of 2000 to the lowest rate since a contraction in the first quarter of 1991.

Has anyone bothered to look at the tax increases that will be here in 2013 from the enactment of Obamacare? Unfortunately everyone will be effected – not just the millionaires and billionaires.

By the way, Exxon Mobil paid $1.2 billion federal taxes in 2010 and $340 million in state taxes, $32 million U.S. tax for non-U.S. operations in 2009, $3 billion in federal taxes in 2008, and $4.6 billion in 2007. If you want to see higher gas prices, tax Exxon more.


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