Busting falsehoods about ‘fiscal cliff’

Top five “fiscal cliff” myths:

  1. That a fiscal cliff of some sort really exists. In fact, there is no reason for the cuts and cutbacks, as this matter is entirely self-imposed and unrelated to any actual events.
  2. We are taking on costly increased debt. In fact, we are making money selling our debt and making net money selling our Treasury notes (they are bought at a loss due to their stability).
  3. Taxes are high. In fact, overall taxes for the wealthy are the lowest they’ve been for more than 50 years.
  4. Taxes will be increasing. In fact, the only occurrence will be the end of tax cuts  —  taxes will revert to the rate intended when the cuts were initiated.
  5. Taxes on the wealthy hurt job growth. In fact, economic stability leads to investment and growth, and every credible study has found that there is no correlation between tax cuts for the wealthy and increased job growth.

I believe the fiscal cliff issue hinges upon a perception that the Republicans are economic hawks; in fact, Republicans are dramatically more responsible for our national debt.

A last nugget: we have to date spent $2.3 trillion on the Iraq and Afghanistan wars, fully 15 percent of the national deficit. Wow.

Jason Jungreis
San Francisco

Pair presumed innocent

Dan Schreiber’s article raises important issues about privacy and social media, but it descends into sensationalism by repeating the unsubstantiated narrative of the Police Department.

It is ironic that in an article about efforts to protect our right to privacy, The San Francisco Examiner blasts pictures of Robert Donohoe and Lauren Smith on its front page. Mind you, they have not been convicted of any charges, and yet it seems like the police and district attorney are using your publication as their own courtroom.

Why pander to institutions that desire and wield unlimited power yet clearly have nothing but a political vendetta against these activists?

Tony Marks-Block
San Francisco

Dropping the (Sno) Ball

Gone and forgotten.

Long before the demise of the Twinkie, another sugary delight disappeared from grocery and convenience store shelves.

A pink marshmallow covered with coconut on a chocolate cookie, called a Sno Ball.  There were no cries of, “Save the Sno Ball!” only silence.

Sno Ball fans like me feel somehow cheated. One can only wonder how the Ding Dong and Ho Ho fans must feel.

Keith C. De Filippis
San Jose

letters to the editorOpinion

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

The Rev. Norman Fong of the Chinatown Community Development Center joined San Francisco city leaders and community partners in a “Campaign for Solidarity” at Civic Center Plaza on Saturday, Apr 17, 2021. (CraigLee/Special to the S.F. Examiner)
City launches ‘Campaign for Solidarity’ to combat racial violence

Mayor London Breed, the city’s Human Rights Commission and community leaders launched… Continue reading

Former Stockton Mayor Michael Tubbs spoke to San Francisco’s new Guaranteed Income Advisory Group on April 16. (Courtesy SFGOV)
City launches task force to explore Universal Basic Income programs

San Francisco on Friday launched a guaranteed income task force that could… Continue reading

Muni’s K-Ingleside line will return six months earlier than previously announced. <ins>(Kevin N. Hume/S.F. Examiner)</ins>
K-Ingleside train to return on May 15

Announcement comes on the heels of pressure from Supervisor Myrna Melgar

The Warriors will be back inside the Chase Center against the Denver Nuggets on April 23. <ins>(Chris Victorio/Special to S.F. Examiner)</ins>
Sports weekahead for week of April 18, 2021

A look at the upcoming major Bay Area sports events (schedules subject… Continue reading

Demonstrators march from Mission High School towards the San Francisco Police station on Valencia Street. (Jordi Molina/ Special to the S.F. Examiner)
Vigil, march honors those killed by police

Deaths of Daunte Wright, Roger Allen and others prompt renewed calls for defunding

Most Read