The Daily Item, Sunbury, PA

December 23, 2012

Only part of problem


Daily Item

---- — I am appalled at the continual media bias with respect to resolution of the "fiscal cliff." This is reminiscent of the past election.

Obama, Reid and most of the Democrats imply that the only problem with the U.S. deficit is the lack of tax revenue. This is true in only a theoretical or philosophical context. You could tax everybody enough to close the deficit, but no one would have any money left for anything and this would send the world into economic chaos. The fact remains if the government confiscated all the of the income of the top 1 percent, the United States could be run, at current levels, for approximately eight days. President Barack Obama, Harry Reid and the Democrats refuse to address entitlement reduction? Why isn't this position demonized by the media, since it is a real problem with the country's deficit?

Where are articles that discuss how Social Security, Medicare and Medicaid are all going bankrupt; that cities, counties, states and very large corporations have significant unfunded pension and health care liabilities and the ramifications these liabilities will have on all of us because they have been allowed to grow.

We are at a crisis point in the U. S.

Jerry Funk,

Mifflinburg