A Christian Proposal for the American Debt Crisis

by Vince

Interesting:

  • We must cut federal spending. That will include corporate and agricultural subsidies, the defense budget and salary increases of federal employees. But it does not mean cutting effective programs that empower poor Americans or contribute internationally to economic development or the advancement of health. Neither does it mean neglecting appropriate investments in things like education and infrastructure.
  • We must control healthcare expenses. This is a most difficult problem and it cannot be ignored. We must find a way simultaneously to respect individual choice, ensure quality health care for everyone, and stop spending an ever-higher percent of our GDP on medical costs. Everyone must be willing to sacrifice.
  • We must make Social Security sustainable. We can slowly increase the retirement age, modestly reduce benefits for more wealthy seniors, and increase the amount of income taxed to pay for Social Security.
  • We must reform the tax code. We should remove many special exemptions, end many special subsidies, and keep the tax code progressive.
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