The Weekly Newspaper serving the citizens of Morenci, Mich., Fayette, Ohio, and surrounding areas.

  • KayseInField
    IN THE FIELD—2004 Morenci graduate Kayse Onweller works in a test plot of wheat in Texas. She’s part of Bayer CropScience’s North American wheat breeding program based in Nebraska, where she completed post-graduate work in plant breeding and genetics.
  • Front.winner
    REFEREE Camden Miller raises the hand of Morenci Jr. Dawgs wrestler Ryder Ryan as his opponent leaves the mat in disappointment. Morenci’s youth wrestling program served as host for a tournament Saturday morning to raise money for the club. Additional photos are on the back page.
  • Front.bank.2
    SHERWOOD STATE Bank opened its Fayette office at a grand opening Friday morning, drawing a large crowd to view the renovated building. Above, Burt Blue talks to teller Cindy Funk, while his wife, Jackie, looks around the new office. The Blues missed the opening and took a quick tour on Tuesday. Few traces remain of the former grocery store and theater, however, part of the original brick wall still shows in the hallway leading to the back of the building. The drive-through window should be ready for customers later in the month.
  • Front.carry.casket
    CARRYING—Riley Terry (blue jacket) and Mason Vaughn lead the way, carrying an empty casket outside to the hearse waiting at the curb. Morenci juniors and seniors visited Eagle Funeral Home last week to learn about the role of a funeral director and to understand the process of arranging for a funeral.
  • Front.lift
    MORENCI student Dalton McCowan puts everything into a dead lift attempt Saturday morning during the Wyseguy Push/Pull event. Lifters helped raise more than $1,600 for the family of the late Devin Wyse, a former Morenci power-lifter who graduated last year. Commemorative T-shirts are still available by contacting teacher Dan Hoffman.
  • Front.make.three
    FROM THE LEFT, Landon Wilkins, Ryan White and Logan Blaker try out their artistic skills Saturday afternoon at the Morenci PTO’s first Date to Create event. More than 50 people showed up to create decorated planks of wood to hang from rope. The event served as a fund-raiser for miscellaneous PTO projects. Additional photos are on the back of this week’s Observer.
  • Front.F.office
    NEW OFFICES—Fayette village administrator Steve Blue speaks with tax administrator Genna Biddix at the new front desk of the village office. Village council members voted to use budgeted renovation funds targeted for the old office and instead buy the vacant bank building on the corner of Main and Fayette streets. The old office was sold to Sherwood State Bank. When everything is put into place in the spacious new village office, an open house will be scheduled. Council member David Wheeler donated all of his time needed to make changes in the bank interior to fit the Village’s needs.

Tax Cuts: It's time to let them expire 2011.07.27

Written by David Green.

America’s financial troubles are always framed in politics. It’s the other guys’ fault and everything would be better if they listened to us—reasoning heard from both sides of the aisle.

Most of the talk heard from Washington is about the reckless spending of the Obama administration. Spending must be reined in. The budget must be balanced. Medicare must end and Social Security taken to the private sector.

Those voices ignore the reality of the past decade. Policy changes enacted in the previous administration cost $5.07 trillion, with deficit budgets in every single year of the two Bush administrations. On the other hand, Obama’s policies, including projections to 2017, total $1.44 trillion. It’s merely politics when there’s now such concern about spending and deficits.

When examining the policy costs—when trying to ascertain why the deficit has become so deep—there’s one factor that easily outpaces all the others: the Bush-era tax cuts. Or as writer James Fallows suggests, call them the “Obama-Extended Tax Cuts” if you insist on making it political, but to ignore those tax cuts puts an impenetrable barrier in the way of solving the deficit.

Contrary to the complaints about high taxes, corporations and wealthier Americans pay a smaller percentage of taxes than most developed countries, and by far the smallest percentage in decades. There are large corporations making record profits that pay little or no taxes, and some even receive a refund because of clever off-shore banking techniques.

We’ve rather fond of the American policy of helping out our elderly citizens through Medicare and Social Security. We enjoy the many services provided to citizens through taxes—so much of what makes America what it is.

The tax cuts from 2001 and 2003, and extended in the Obama administration, have proven devastating to the financial well-being of the country. The deficit won’t be tamed only by cutting spending here and there. It’s the tax cut policy that has to change. Let the cuts expire.

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