Topic: national debt
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August 29, 2013 at 11:44 AM
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
March 8, 2013 at 4:00 PM
Deficit from war has historical precedence
Debt reduction, the deficit, the fiscal cliff, it’s nothing new [“Obama, lawmakers trying for deficit deal,” News, March 7].
In his speech “War is a Racket,” Maj. Gen. Smedley Butler worried about the deficit spending from war that plagued the country and would have to be paid through “backbreaking taxation for generations and generations.” This is from a speech delivered in 1933.
The issue is the same, only the characters have changed.
–Randy Greger, Bothell
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