Wheaton Patch accepts and publishes letters to the editor emailed to Local Editor Charlotte Eriksen at Charlotte@patch.com, or sent as a message through the Wheaton Patch Facebook page. Please note in subject lines the message is a Letter to the Editor.
During the recent Olympics, President Obama presented a campaign ad asserting that he wanted to increase taxes on the top 1 percent of Americans in order to help pay down the debt.
Here is some simple math - a trillion is one-thousand billion. Our national debt is now more than $16 trillion. If you took all of the money from all of the billionaires in this country, this would add up to about 305.1 billion dollars - something less than 2 percent of the current national debt; AND in the time it took to collect that money and put all these people AND their employees in the poor house, the interest would have added back that amount of debt in the first place.
Whether you are a liberal, conservative, or moderate, the math is the same. I am an independent, by the way, who has voted for members of both parties over the years. The President is presenting smoke and mirrors.
Governor Romney, on the other hand, has been known throughout his career as a financial genius noted for bailing out financially-troubled companies and for rescuing the 2000 Winter Olympics from almost certain bankruptcy and making it a financial as well as a general success. He seems like just what the doctor ordered for our needs at this time.
In addition, my own Congressman, Peter Roskam, understands that to ACTUALLY reduce our staggering debt we need to confront its main instigators, including our huge entitlement programs. These programs are unsustainable in their current form. Without reform, there is no doubt that they will not be there for future Americans.
I support Governor Romney and Congressman Roskam this November because they know what a huge deal our national debt is. I urge you to do the same.