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Let's demand an end to all special treatments, subsidies & bailouts

To The Daily Sun,
Since Froma Harrop is accurate much less often than a broken clock, we should acknowledge it when it happens as it did in her column published on December 30.
Harrop says that Puerto Rico should be allowed to declare bankruptcy and default on its debts; that U.S. taxpayers should not bailout investors as is proposed by Washington politicians (to protect their big donors). Harrop is right; and hopefully she opposes, as the TEA Party does, all bailouts, including subsidies and special treatments for all special interests.
U.S. taxpayers should not be forced to provide bailouts for states, cities, U.S. territories, businesses, or special interest groups. The only way to force fiscal discipline on borrowers and lenders is for there to be consequences for their actions. Allowing entities to go bankrupt and investors to lose their investments forces investors to carefully evaluate the risks before investing, this will force better fiscal management by politicians, businesses, or others who want to borrow money.
Since subsidies and special treatments are essentially bailouts, these too should be ended, including the ethanol requirement, oil subsidies, solar energy subsidies, tobacco subsidies, wind energy subsidies, insurance company subsidies, special treatment for sports teams and unions, other farm subsidies, subsidies for all businesses and all special interests like community action groups and environmental groups, etc. Any of these that are truly needed should be funded locally, by states, communities, or interested donors.
Every penny that the federal government hands out comes at a high cost. First the money was (or will be) forcefully taken from taxpayers, then an expensive bureaucracy passes a little of the money (often with expensive strings attached) for specific purposes to selected recipients who are supposed to be duly appreciative to the politicians.
Politicians should be creating an economic environment that allows businesses to thrive and everyone to prosper so they can take care of themselves and progress towards their American dreams. This would generate all the taxes our governments need.
Unfortunately it appears that creating an economic environment that allows every American to prosper does not generate the reliable support for politicians that comes from dispensing subsidies, special treatments, and bailouts (often on an annual basis so recipients are reminded to be properly appreciative). In any endeavor other than politics this corrupt system that allows people to dispense their employer's (voters/taxpayers) assets in return for personal benefit would, and should, land people in prison; this should also be true in politics.
Let's celebrate Froma Harrop's rare correctness by demanding an end to all special treatments, subsidies, and bailouts.

Don Ewing

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So where is the big incentive for businesses to look at N.H.?

To The Daily Sun,

I forgot to mention one significant item in my Dec. 30 letter. Fifteen million dollars in Federal grant money needs to be matched by whatever town or city makes a grab for it. It will add up to $30 million in new taxes wherever it lands. Be careful of what you wish for. . .

Lets talk about the lowering of business taxes. Its true that the Business Profits and Business Enterprise taxes in the state, will see, as of the 1st of the year, the first cut in over 20 years. The thought process here was to send out the message that New Hampshire is becoming more of a business-friendly environment and promote job growth. I agree that cutting taxes on business's is helpful to start up companies as well as ones that are already established but there are some other considerations businesses look at when looking for a place to land — local, county and school taxes. The drug courts, to be set up in every county in the state, will increase the county tax. School taxes are a constant increase regardless of the drop in student enrollment and every time Concord increases funds for higher education, the university system gets a new sports complex. The nice big fat juicy fed grant monies going to towns and cities to grow local government, will raise the local taxes.

Let's not forget the local rubber stamp committees and selectmen who can't wait to increase your local spending every March. Add to it the unfunded liability on the State Employee Retirement system — who knows how big that thorn in the side will look like five years from now — and the high cost of electricity, health insurance and workers' comp. Along with the unfunded mandates that keep popping up. So where is the big incentive for new and old businesses to look at New Hampshire as being a business-friendly environment, regardless of the minuscule business tax cuts that will take years to be fully implemented?

Man, we got the wrong people in Concord and Washington; people who refuse to look further than their own noses, who just can't spend taxpayer money fast enough on government; they are without regard for the private sector or businesses. They snowball you into thinking you can keep more money in your front pocket while they reach around for your wallet and all the while sending up the smoke screen that, "increasing state and local service " is good for our economy and our way of life. Big time job creators.

There will be no cost of living increase to the Social Security recipients this year, maybe one of the big fat unions can negotiate that one. What the hell, they want to run every other aspect of government.

Eric T. Rottenecker

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