In response to:

Obama Administration Misleads the Country on Tax "Cuts"

McGovern Wrote: Nov 19, 2012 3:34 PM
rauljg69, You wrote, "Tell you what we'll cut you a check for what you paid into throw into the market and let the private markets gamble your saving all away. Then we'll see how much you like Wall Street playing with your money" After 42 years of paying 15% of my salary into Social Security and Medicare, I have no doubt I would have been much better off putting that money into an IRA.
rauljg69 Wrote: Nov 19, 2012 3:39 PM
Unless you retired when the market crashes. And do you really think you would have saved enough to afford the cost of healthcare in the private market for the next 20-30 years of your post retirement lives? You really believe that..you think you could afford the private insurance to cover all your medical bills. Not even close!
DB07 Wrote: Nov 19, 2012 3:41 PM
And yet that should be Mcgovern's decision.
McGovern Wrote: Nov 19, 2012 3:43 PM
Baloney.

The market crashing would have no effect on my monthly income taken from my IRA. I would draw the same amount, and the principal would go up and down.

By the way, I could afford private insurance to cover my medical bills. It's called being responsible.
TaxFree1031 Wrote: Nov 19, 2012 3:36 PM
The evidence is more than abundant to prove you correct, 100% of the time.

The White House is promoting the extension of the Bush Tax Cuts for the middle class (which should really be called the Obama-Bush Tax cuts, since Obama extended them in 2010) as exactly that, tax cuts. But the truth is, an extension of the tax cuts wouldn't be a cut at all, but would keep tax rates at the current rate. The Obama admnistration is implying on the official WhiteHouse.gov website that a tax cut is coming for the middle class when in reality if a deal is made by January 1, middle class families won't see a tax...