I believe the Republican Party acts as if Medicare and Social Security are the biggest problems in managing the deficit. The Iraq war, a war that I believe should never have been fought, is the key factor in the deficit increase. Every time Republicans talk about the need to trim the deficit, they should be reminded about the $2 trillion of direct government investment in a war they refused to raise taxes to fund. Now they want to pay for the Iraq war by cutting support for health care, education, research, food stamps and programs that support middle- and working-class families. They refuse to balance revenues and expenditures to decrease inequality in our society.
Equitable solutions include: taxing the income that investors earn as ordinary income and not the current 20 percent rate, eliminating subsidies to oil companies, raise the amount of salary taxed for Social Security from its current $108,000 cap, and allow Medicare to negotiate prices with drug companies.