Letter: Focus on the Real Entitlements
To the Editor:
While one could argue the right and wrong of the budget cuts in the sequester, one constant target for reducing spending is “entitlement” programs, primarily the Medicare and Social Security programs that most of us have been investing in for decades.
These programs are not “entitlements” — they are self-funded. Instead of attacking these programs, revise the funding formulas and raise the income cut-off for higher-earning individuals.
Corporations receive true entitlements, arranged for by millions of lobbyist dollars and paid for by taxpayers. Sen. Elizabeth Warren’s bill focused attention on eliminating these corporate entitlements — corporate welfare — as an alternative to the sequester. On the Internet, search for “corporate welfare,” and you will find more data that I can put into this letter — billions of dollars worth of corporate welfare.
Don’t solve the financial crisis on the backs of the poor and retirement populations — put the recovery onto the backs of corporations with the highest profits who also get the highest subsidies and tax credits.