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Thanks to the Obama Administration for saving America

October 31, 2012
Lehigh Acres Citizen

To the editor:

In response to an article in The Lehigh Acres Citizen, Oct. 17, 2012, "Tell Barack We're Broke, I would like to remind the author what she and many Americans seem to have forgotten. Starting in December 2007 we had a financial crisis, a mortgage crisis, and a jobs crisis all caused by abuse and neglect of regulations tolerated by the Bush administration.

They had run up massive debt with the tax cuts to the rich and corporate America, two unfunded wars, (one was illegal) and a massive give away to pharmaceutical companies.

In December of 2007 everything fell apart and was left on the incoming administration. Corporate America was going south even though they had exported massive jobs. The housing market tanked, and honest people lost their homes. We all lost equity value and our retirement savings.

We were left with little. Our only savior was a government safety net. There was an opposition Congress which said let them lose their homes, don't give unemployment, don't give food stamps, let children go to bed hungry. That was a Tea Party Congress. Well, thank God the Obama Administration stepped in and did things the American way. Now we are recovering.

The Health Care Law is a saving grace for America's over-priced, poorly run system. The system doesn't serve us well.

The Patient Protection Affordable Care Act (PPACA) doesn't take anything from Medicare, in fact, it extends the Medicare Trust by eight years.

It does not add to the deficit, in fact, it reduces it. It does not raise taxes. There is a penalty for non-compliance, but that should affect no more than 2 percent of our citizens. There is a tax (to help fund Medicare) on those making more than $200,000 a year or who makes more than $250,000 profit on a sale of a residence, or who makes excess gain on equities.

Most of our under-insured who make between $22,000 and $88,000 a year can get premium tax credits to help fund self-insurance or small businesses insure health. It is just too bad we live in a bastardly state like Florida and cannot get the benefit.

Dr. Lewis Robinson

Fort Myers

 
 

 

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