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Concerned about looming fiscal cliff

January 2, 2013
Lehigh Acres Citizen

To the editor:

The election may be over, but a new campaign is being waged in the nation's capital: the looming fiscal cliff.

November voters were swamped with TV commercials, newspaper ads and mailers in the months before election day.

This time the effort was directed, not toward the voters, but the politicians.

Most politicians are trying to control the damage as Congress and the White House look to raise taxes and cut spending in an effort to limit or at least slow down the massive national debt. Pressure is coming from voices saying "don't raise my taxes or don't cut spending on Social Security, Medicare and Medicaid."

The fiscal cliff begins January 1, the end of the Bush era tax cuts.

Spending cuts across the board will affect the Pentagon and domestic programs to the tune of $600 billion.

If lawmakers can't agree on a fix this week or just prior to this week, the economy will lapse into a recession. Almost everyone knows expenses have to be cut, but no one wants it to be theirs.

In my opinion, raising taxes will lower the standard of living and will have a disastrous effect on the economy.

Dont shoot holes into the bottom of the board to let the water out.

Jane Dickinson

Lehigh Acres

 
 

 

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