May 3, 2023

 

Dear Mr. Hendricks,

Thank you for writing to me about Government spending.  

Here’s the bottom line:  My plan to reduce the deficit while investing in America and our people is working.  Since taking office, I cut the deficit by $1.7 trillion, created 12 million new jobs and a manufacturing boom, and kept my commitment to build an economy that rewards work not wealth—an economy that leaves nobody behind.  

Thanks to the Inflation Reduction Act that I signed into law last year, we began cutting out hundreds of billions of dollars in wasteful spending on special interests—finally allowing Medicare to negotiate lower drug prices.  This law will also lower the deficit by ensuring that corporations pay a 15 percent minimum in taxes and the IRS has more auditors to crack down on super-wealthy tax cheats.  But we have to do more to decrease the deficit.  My Budget will continue to cut out wasteful spending on special interests, will protect and strengthen Social Security and Medicare, will not raise taxes on anyone making less than $400,000 a year, and will chip away at the deficit by making sure that big corporations and the wealthy pay their fair share.  I will continue to call on Congress to pass a billionaire minimum tax and quadruple the tax on corporate stock buybacks.  

If Republicans try to cut bedrock federal programs and increase costs for middle-class Americans, I will stop them.  I will not let anyone increase our debt through massive giveaways to the super-rich, to big corporations, or to Big Pharma.  And I certainly won’t let them risk America’s full faith and credit by negotiating whether or not we pay our debt.  The time for negotiating happens when we pass budgets, not when our bills are due. 

We have more work to do to make sure that we responsibly reduce the deficit while also investing in our people and our future.  I know we can do this, because there is nothing we can’t do when we do it together.  Keep the faith.

Sincerely,


        This succinct detailed reply from President Joe Biden representative of "We The People" was in response to an email I had sent to him suggesting that he use something like an FDR Fireside Chat to help educate the citizenry on the Debt Ceiling. I did not expect such a detailed reply so decided to share it. If you know anyone who would be interested please share with them. Thanks for joining me. May peace be yours! Tony 


Anthony G. Hendricks, author, poet, nature lover -- naturally;  Buddha Blues, recently published with a great cover created by his Sister Judith; available at Amazon as print on demand or as an e book at Amazon or Kobo. With formatting help on cover and interior by Woven Red. Other books The Wasteland Revisited, a book length poem about the dystopia causing global warming; available as an e book at Amazon; A Journey In The Human Dilemma, collected poetry and prose; trade paper back
 

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