Senior Citizen Perspectives: Taxes, Deficits, The National Debt

Jul 15th, 2011 | By | Category: Social Security & Medicare

A recent publication SCJ received provides some good advice and information about taxes, the national debt, federal deficits and senior citizens.  Edward Jones Investment Company offers a well-balanced perspective on the national ills we seniors are currently facing.

What the article does not address is the question SCJ continues to put on the front burner:  Why should senior citizens take a financial hit with our Social Security benefits and Medicare and Medicaid when the wealthiest American citizens pay only an average of 17% in taxes on the millions of income dollars they pile up every year?

We heard several politicians say this past week that taxes must not be raised on anyone, particularly the wealthy because they need that money to create new jobs.  Not true.

The wealthy do not use tax savings to create new jobs. They save that money for themselves.  Look at the research and decide whether you will believe facts or the fiction promulgated by lawmakers being supported by special interest groups.

The issue for seniors continues to be simple: We need Social Security and Medicare for our basic needs, and some of us depend upon it for our survival.  Contrary to the charge that these programs and their supporters ‘pander’ to senior citizens (do an Internet search with the words ‘pandering to senior citizens’ and see the articles), those of us who live in the senior generation trenches know how crucial the benefits are.  Some of us would literally not survive without Social Security and Medicare.

So the SCJ mantra continues to be this:  To President Obama, Senators and Representatives:  Keep your hands off Social Security and Medicare and Medicaid.  The radical change we need to see in this country should target the wealthiest of American citizens, so they are required to pay their fair share of taxes.

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