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To: Your Nightmare

"It's the largest entitlement program in the history of this country."

That's a pretty bombastic statement. I assume that you have data to back up that assertion, right?

In point of fact, it is probably less than the current Earned Income Tax Credit, as far as the subsidy goes.

Are you REALLY that concerned about people who profit from it without spending a penny in taxes? That would include people who buy no groceries, pay no utility bills, no gas for their cars, etc. Is that your real concern or are you just terrified that this proposal is gathering momentum? If so, surely you can think of a more legitimate concern.


419 posted on 08/02/2004 7:08:16 AM PDT by phil_will1
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To: phil_will1
That's a pretty bombastic statement. I assume that you have data to back up that assertion, right?
Name me another entitlement program where every person in America is entitled to a check every month from the government. Nothing else even comes close.

In dollar amounts, the 2003 "outgo" for the Old-Age and Survivor Insurance (Social Security) was $406 billion. The FCA would have been $500 billion (actually more because the rate proposed is too low).
423 posted on 08/02/2004 7:37:04 AM PDT by Your Nightmare
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