LTE to Newsweek - Bias Against Oil and Gas

To the editor: Decreasing our dependence on foreign oil is a laudable goal. Robert J. Samuelson (The Bias against Oil and Gas, May 11/May 18 2009) ignores the fastest, fairest and most transparent way to get there: namely putting a price on carbon. Current proposals for a carbon tax in the House of Representatives would reduce payroll taxes at the same time, thus returning 80 to 90 percent of the proceeds to business owners and employees. It’s a win, win, win, with benefits for national security, business and the environment.

Sincerely,

Jean Seager

CCL Coronado

As one who has long been

As one who has long been involved with retirement plans as a consultant to large employers, I have seen 401(k)’s morph from their intended role as supplements to traditional pension plans to become the primary retirement vehicle for most American workers virginia beach home mortgage. Your reference to the need for 401(k) improvements and new savings accounts with shared risks overlooks the more pressing need for a retirement plan that will provide guaranteed lifelong income that keeps pace with inflation. Such a retirement plan has existed for over 70 years: Social Security colorado real estate<!--. As 401(k)’s have tanked and private pensions vanished, Social Security remains the only reliable plan for future retirees and their families. Federal dollars will be much better spent enhancing Social Security, especially for lower-income Americans, than subsidizing new forms of individual savings that have proved ineffective. William J. Arnone New York, Jan. 26, 2009 ************************* The once highly popular diarist at Daily Kos, RonK Seattle farm bureau insurance, wrote some great pieces about the kinds of economic advisers that Barack Obama has, and most of them are pro privatization of Social Security — in other words throwing our money to the wolves of Wall Street. (And we’ve seen lately how that all turned out, with people’s 401Ks turning into worthless junk.) Check out “The Audiology of Hope: Dogwhistle Economics 102″ to learn more about what RonK Seattle discovered clear back in February 2008. Sadly, the Kossacks were too gaga over Obama to pay any attention to one of Daily Kos’s top contributors and best writers. If only they’d listened to him gap insurance.