At this moment our country needs jobs. Officially, we have more than 9 percent unemployed, with estimates of 15 percent to 20 percent if underemployed and those who have stopped looking are included. The president’s policies have failed and wasted trillions of dollars.
We cannot spend our way out of debt, but maybe, with time, we can grow out of it.
U.S. Rep. Bill Cassidy, R-Baton Rouge, and others are working for changes to promote economic growth by reducing burdensome regulations, keeping taxes low and ending the president’s unfair moratorium on Gulf drilling.
Unfortunately, some are more interested in attacking Congressman Cassidy for political points, rather than promoting real solutions.
In a letter to the editor on July 8, Michael Day accused Congressman Cassidy of trying to destroy Medicare to the benefit of corporations and the wealthy.
As a retired middle-management employee of the petrochemical industry, I disagree with Day’s apparent faith in the government’s price controls vs. a competitive marketplace as envisioned in the Medicare plan proposed by U.S. Rep. Paul Ryan, R-Wis.
I refer Day and the readers to a lengthy analysis of that plan in CNN Money, April 7, by Shawn Tully, senior editor. (This is a joint publication and analysis from Fortune, CNN and Money Magazine.)
In short, the analysis concludes that we retirees could pay “a much bigger share” of our own medical costs. But as we shop for the best deal, competition will restrain prices far more effectively than any other proposal to date. The CBO analysis of the Ryan Plan calculates federal health-care spending will decline from 8 percent of GDP today to 5 percent in 2050 vs. 14 percent if we do nothing.
Therefore, as a seasoned retiree, I appreciate Congressman Cassidy taking the time to talk to people in my age group about Medicare. We are definitely involved financially and are likely to be further affected by future changes.
We want our five children and 10 grandchildren to have access to a viable program that Congressman Cassidy and Paul Ryan are working to protect.
William (Bill) Liehe
retired product manager, chemical industry