In the article about the national debt, David Walker mentions solving the problem doing something about health-care costs, changing the tax system and Social Security. [“Former top federal auditor sounds alarm on debt,” Business, Aug. 26.]
The solutions are there right in front of us, but since most believe that growth, not sustainability, will save us, no long-term solutions will evolve. We are just kicking the can down the road.
Most families try to live within their means, but too many are forced to live on the credit card for too long.
This nation needs to pay off the credit card every month, and help every family to do the same. That means we need increased revenues.
Health-care costs can be brought down with Medicare for all being instituted over 10 years, and allowing bulk purchasing of drugs.
Social Security can be saved by eliminating the cap on employee contributions.
Lastly, close corporate and individual tax loopholes, and change the mortgage deduction so it relates to size of the primary residence.
Ruth Knagenhjelm, Normandy Park