Michael Strain rightly criticizes Donald Trump and Joe Biden for abandoning proven pro-business policies dating back to the Bretton Woods era, but he is wrong about what steps they should take to address the long-term fiscal imbalance of the United States (Opinion, January 30).
According to Strain, the presumptive 2024 presidential candidates “both oppose cutting spending on Social Security and Medicare, the programs most responsible for the trajectory of the nation’s long-term debt.”
Rather, the national debt is primarily the result of tax cuts for corporations and the wealthy, as well as unfunded spending on America’s endless wars.
Rather than cutting the two programs that millions of people depend on, there is a simple three-step solution to getting Uncle Sam’s fiscal house in order. First, tax Wall Street and the top 1 percent. rich to generate new funds. Second, eliminate subsidies given to the fossil fuel industry to continue poisoning the planet and third, ensure that honest and fair tax policy does not allow more than 50 percent of the country’s discretionary budget to be spent on army.
Instead, these funds could provide better living conditions for all Americans – and send a message to the world that the United States is unconditionally committed to international diplomacy, ecological sustainability and arms control. .
Laguna Niguel, California, United States