Marco's Constituent Mailbox: Debt Ceiling, Social Security, Jobs, and Government Spending

In today's fifth installment of Marco's Constituent Mail Box video series, U.S. Senator Marco Rubio responds to letters sent by four constituents that reflect the diverse opinions expressed in the thousands of letters received this week.

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• Marco Rubio
• Senator Marco Rubio
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• Debt

[trottheblackdog]

3 Democratic shills viewed this video.

[SpawnofDracula160]

Marco you are a hero, and I wish you would r un for Pres. We need jobs, and oboma care repealed . Jobs should be number 1

[danesblunt]

Here's an example of how messed up our tax code is. I got a $400 pay raise and my taxes went up $500.

[MrPpadua]

Hello Senator. As someone who voted for you, please let me say, don't take our vote for granted. There is no time for rhetoric and grand standing. People are suffering, Americans are out of work; while we spend millions on foreign aid and war conflicts around the globe. It is TIME TO TAKE CARE OF THE BUSINESS AT HOME AND CUT OUR LOSSES IN THIS WORTHLESS CAMPAIGNS. We need your LEADERSHIP. PLEASE STAND OUT AND STAND STRONG for the American people.

[pccogsdill]

Sounds like we can tell VISA that we aren't paying this month.. Gotta figure out how not to overspend first.

[yougep]

I would suggest that it is too late to create a quality solution while in this crisis mode. Please compromise now to get out of the debt ceiling crisis and after that passes start work on a quality solution.

[terrycshan]

Listen more closely to what Rubio says, he chooses his words fairly carefully. I think he is talking about a simplified graduated tax structure, which I believe is equitable and I think he is talking about tax incentives for business operators not "Coupon Clippers" who are just trading stocks and shuffling paper. And most importantly, I think he is talking about recognizing that Social Security is already funded, those checks will go out and no more dipping into it.

[terrycshan]

I agree taxes are higher (than what) for the so-called "Super Rich" which they should be, but without some definable basis this is just semanitics. What do you mean by "higher?" who are those Super Rich? What are their gross, adjusted gross and taxable incomes? Specifically, who creates jobs? I think this is Rubios practical approach, to stop dealing in rhetoric and be specific and targeted with the solutions. Use a rifle not a shotgun. -Continued-

[terrycshan]

I agree that protecting the super weathly (an Obama trigger term that is completely meaningless and is only designed to infuriate the poor) is not going to produce jobs. I don't think Rubio beleives this either. If you listen closely to his statement, he is talking about the inequities of the tax code and its complexity. As a tax preparing accountant I can tell you this is more true than most people know. Waffen Buffet does not create jobs. He is a gambler. (continued)

[terrycshan]

To Narqnarq (continued), This was prior and subsequent to the Reagan years. Secondly, Clinton's booming economy was a result of Reagan policies. Also, it is my understanding and I think we can verify this, that Clinton was operating under a Reagan engineered balanced budget. When he took over, the began the smoke and mirrors of borrowing from one fund, to subisdize another creating the appearance of a somewhat balanced budget. But, back to taxes. (continued)

[terrycshan]

To Narqnarq, Thank you for your response, but these are statements, not facts with verifiable citations. Here is what I know about taxes. I prepared litereally thousands of income taxes with three CPA firms in my early career, one of which was Ernst and Ernst with high profile clients. Not once did I see a client in a 94% bracket let alone and effective rate of 94% I did see some in the 50% range. See my next comment.



[sharinganclan213]

@rich13dave yeah and we HAD to do the bailouts or else the country will die. We HAD to invade Iraq or else Saddam will use his WMD's. Give me a break, stop believing in what everything you are told. The Boehner plan sucks, doesn't balance. CUt, Cap and Balance was the way to go. But liberals like Boehner do not want it deep inside.

[rich13dave]

@sharinganclan213 Yeah, you would rather see the economy nosedive than work something out. I agree the Boehner plan stinks, but something must be done to stop an outright default.

[rich13dave]

His statement that raising taxes on the highest earners in flat out false. The is nothing that proves that. In fact, the oposite seems to be true. Tax rates on the wealthy have been much higher for the last 80 years (sometimes as high as 94%) and there have been years of job creation. Except for the Reagan era when taxes were at their lowest and deficits running high we have very low tax rates. When tax rates when up during the Clinton years the economy boomed and budgets balanced..

[rich13dave]

His statement that raising taxes on the highest earners in flat out false. The is nothing that proves that. In fact, the oposite seems to be true. Tax rates on the wealthy have been much higher for the last 80 years (sometimes as high as 94%) and there have been years of job creation. Except for the Reagan era when taxes were at their lowest and deficits running high we have very low tax rates. When tax rates when up during the Clinton years the economy boomed and budgest balanced.

[terrycshan]

To narqnaq, How so is Rubio disingenuous? On what do you base that? If you are going to make an accusation, you should provide some basis for doing so. Rubio is in a most difficult situation. He is in a minority, trying to do what his constituuents sent him to do. Until he gets reinforcements from other Republicans who are of like mind, elected by Tea Partiers he is shooting blanks. In spite of it he is holding his own.

[narqnarq]

I can't believe only 300 people have watched this video. I sympathize with anyone who doesn't want Congress to be spending more money. Every member of Congress is ineffective at representing their constituents, but Senator Rubio is also disingenuous.

[markchat001]

Don't let liberals make you play their "Heads I win, Tails you lose" game. If there is no real zero-based budget cut and no balanced budget, just vote "Present."

Let the liberals take full responsibility for the mess they've gotten us in.

[Flyrodmovie]

Thanks to George Bush, people like Warren Buffet, one of the Richest men in America, pays less taxes as a percentage of his income than a majority of middle class America. People who bring in most of their income through stocks and capital gains only pay 15% tax. Most middle class Americans pay more than that. Warren Buffet himself, has said this is unfair and Capital gains rate should be raised. Saying that increasing taxes on the richest 5% of our nation is going to effect jobs is false.

[terrycshan]

Thank you Mr. Rubio. My response is to "sharinganclan213" Please read Kraughthammer's July 28th editorial. I am also involved with the Tea Party because I am sick and tired of being an impotent member of a gov't that is supposed to be "For the people and by the people." But, we can't sacrifice a workable interim step for sake of an unachievable perfect plan if such a thing even existed.

[voiceasaweapon]

If anyone thinks that rasing the debt limit is sound fiscal policy, call your creditors, tell them your income has decrease, and ask them to raise your credit limit on all your cards. When they ask you how you intend to repay it, just let them know that you expect your kids and grand kids to cover it. Let me know how that works out for you.

[voiceasaweapon]

The INTEREST on the debt is what threatens us. For reasons to numerous to list here due to space the bond market is likely to crash and interest rates will rise. Have you ever heard of the "Rule of 72"? Divide your interest rate into 72 and that is how many years it takes for your money to double. The rule of 72 is either working for you or against you. As rates go up the compounding effect on that debt will sink us. That is what the credit rating companies are looking at.

[voiceasaweapon]

EdIsRighthere, are you serious? The debt doesn't effect the credit rating?  Having been in finance for 30+ years, I can tell you that the amount of debt you, or the government has, certainly effects the way a creditor looks at your rating, they have to believe that you can PAY IT BACK. If it is 60, 70 and growing to over 100% of your income (GDP) you CAN'T PAY IT BACK and your credit rating goes down. Borrowing from one credit card to pay only compounds the issue.

[divisioneight]

Thank you Mr. Rubio. Work for a solution, and let the compromise fall by the wayside where it belongs.

[xxmind0vermatter]

Stick to your principles and you can and should go to the white house. Turn back on your principles and we will expose you and destroy your name. I support you Senator Rubio, don't let us down.