Monday, June 05, 2023

Trying to reduce the debt may next have to go after things like Medicare, the military and Social Security.

The biggest costs of government are things like Medicare and Social Security. To reduce the debt, it's hard to avoid touching these large expenses.

It's odd that I find myself agreeing with McCarthy who points out that only 11% of the budget was on the table for cuts. What I disagree with, in McCarthy's take, is that Biden walled off the rest of the budget. This article makes no mention of the option to increase taxes. Higher taxes could go a long ways toward shoring up Medicare and Social Security; for instance raising the income cap subject to Social Security taxes.

Article made no mention of how much is spent on the military as well.

Like gay people being in the closet. Most politicians, including Democrats, are closeted about raising taxes. It's dangerous talk on the campaign trail. Republicans pretty much refuse to even consider taxes. Democrats tremble at the thought as well, but democrats usually realize that taxes are needed to pay for what people want from government.

There are limits to what we can get, versus what people are willing to pay. There are limits imposed by pure mathematics and I'd add limits to what the natural environment will sustain in terms of human consumption.

Yes, we can have a good life and even better lives than in the past; counting all things beyond just money and materialism.

I think wealthy people should pay more taxes, including upper middle class. Maybe even everyone pay more, including even myself. Yes we can't have it all. Some things people demand can't always be met. Budgets can be tightened, to some extent.

What's most important, to me, is the quality of our lives and our communities. Trying to be fair and reasonable, but realizing that perfection is never attained.

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