The twin swords of Obamacare plus cap-and-trade hang perilously over recovery of the American job market. The president and Congress remain obsessed with gaining the political hegemony offered by excessive government control of the American economy.
Such “change” invites further government intrusion, bureaucracy, higher taxes and control into the private sector and all our lives. These twin swords will maneuver America away from the demand economy that propels free enterprise into a centralized command economy reminiscent of the failed Soviet Union.
Is this the change we voted for?
Tony Favero, Half Moon Bay
PG&E is spending millions of dollars backing a “yes” vote on Proposition 16. They claim to be defending the public’s freedom of choice by requiring voters to approve by a lopsided 2-to-1 majority any change of gas and electricity systems to a municipal utility like the San Francisco Water Department — our only public service that puts a net profit into The City’s treasury!
As a native San Franciscan, I resent the double-talk by which I lose my equal right to judge my city’s future.
Al Ujcic, San Francisco
Only in America can you borrow $60 billion, pay off $8 billion and declare the debt settled. Has the remaining $52 billion been written off? Is there a bank that will allow you to declare a debt paid off after repaying only 13 percent? That is what General Motors is claiming.
GM is spending millions of our tax dollars buying television commercials implying the debt is repaid. This is false advertising on our dime. Am I the only person capable of simple math?
Keith C. De Filippis, San Jose
News reports say that President Barack Obama is considering a value-added tax.
That would be a really bad idea. A value-added tax is really a national sales tax, and it is a tax paid mostly by the poor and middle class because they spend all their money and the rich don’t.
The poor and middle class already pay taxes the rich don’t pay. We pay Medicare, Medicaid and Social Security taxes on the wages we earn. But the rich pay no payroll taxes on their capital-gain income, which is taxed at a lower rate.
President Obama pledged not to raise taxes on people making less than $250,000 a year, and we expect that promise to be kept.
Marc Perkel, Gilroy