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Author: rclaussen Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1977439  
Subject: Fiscal Cliff & Debt Ceiling Date: 12/12/2012 10:56 PM
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My representative sent me an email requesting I complete a survey. I did complete the survey and provided the following comments. In addition, I elected to share my comments with the leaders who will be making decisions in the near future that will have an impact on our investments, our economy, and our county’s future. Perhaps your elected official will seek your comments. Even if they do not, it is important for you to take the responsibility and communicate with them.

Thanks,
Bob




Wednesday, December 12, 2012

President Barack Obama
Vice President Joe Biden
The Honorable John Boehner, Speaker of the House
The Honorable Eric Cantor, Majority Leader
The Honorable Kevin McCarthy, Majority Whip
The Honorable Nancy Pelosi, Minority Leader
The Honorable Steny Hoyer, Minority Whip
Senator Dan Inouye, President Pro Tempore
Senator Harry Reid, Majority Leader
Senator Mitch McConnell, Minority Leader
Senator Sherrod Brown
Senator Rob Portman
The Honorable Steve Stivers

I commend my representative Steve Stivers for reaching out and requesting thoughts from his constituents on the Fiscal Cliff. I sent a reply, and then thought about it. I decided to send a second reply to elaborate and clarify thoughts from the first reply. Given the effort of Representative Stevens, I thought it would be appropriate to share my responses with you.

Robert B. Claussen

The choice I used in the survey was:

“:If you selected "I have another solution", please share your solution here.”

First response:

“Combination of raising taxes at the top, moderate spending cuts (not involving entitlements - raising the age for Medicare is a net cost to the economy and simply passes an increased cost to individuals [need to purchase private insurance for the two years from 65 - 67 at an estimated cost of 11.2 billion and only save 5.1 billion for Medicare for a net cost increase to the economy of 6.1 billion]); get busy and pass jobs bills - best way to whittle down the deficit and debt.”


Second response:

“This is not necessarily related to the Fiscal Cliff, but it is something likely to come up early next year - raising the debt ceiling. In 2011, while there was damage to the U.S. economy, the monetary damage was 1.3 billion for 2011, and more than 18 billion over the next ten years. If you and your party attempt to hold the country hostage again, I suspect the damage will be far more critical and long lasting as the faith in the U.S. Dollar and our commitment to meet our obligations crumbles. That would be devastating and add to the perception we cannot govern. The deficit and debt are long term problems. Our immediate problem is to restore confidence that we can govern effectively and create an environment in which the gains from our current level of job creation can be exponentially enhanced. That is why in my first response I emphasized job creation. That more than anything else will address the deficit and debt. It actually is a two fold benefit. First it reduces spending as those who are now reliant on the safety net reduce or eliminate their reliance. Second, the revenue received from the newly employed can be used to further address the deficit and debt. If you and your party cannot understand the benefit of growing the economy through the creation of jobs, then perhaps we need to find and elect individuals who can. And if you chose to use raising the debt ceiling to hold the country hostage to your idea of spending cuts, you will lose. The election was held and your ideas of how to address the issues lost. Persistence in pushing those discredited ideas will do serious damage to our economy and our standing in the eyes of the world, leading to a far greater impact on your party in 2014.”




Record of Sent Times:

President Barack Obama Sent Wednesday, December 12, 2012 @ 10:09 PM
Vice President Joe Biden Sent Wednesday, December 12, 2012 @ 10:11 PM
The Honorable John Boehner, Speaker of the House Sent Wednesday, December 12, 2012 @ 10:15 PM
The Honorable Eric Cantor, Majority Leader Sent Wednesday, December 12, 2012 @ 10:51 PM
The Honorable Kevin McCarthy, Majority Whip (Unable to Contact)
The Honorable Nancy Pelosi, Minority Leader (Unable to Contact)
The Honorable Steny Hoyer, Minority Whip Sent Wednesday, December 12, 2012 @ 10:21 PM
Senator Dan Inouye, President Pro Tempore Sent Wednesday, December 12, 2012 @ 10:23 PM
Senator Harry Reid, Majority Leader Sent Wednesday, December 12, 2012 @ 10:25 PM
Senator Mitch McConnell, Minority Leader Sent Wednesday, December 12, 2012 @ 10:27 PM
Senator Sherrod Brown Sent Wednesday, December 12, 2012 @ 10:29 PM
Senator Rob Portman Sent Wednesday, December 12, 2012 @ 10:30 PM
Representative Steve Stivers Sent Wednesday, December 12, 2012 @ 10:33 PM
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