Should everything be trimmed? Defense, Social Security and Medicare? What about raising tax revenues? These questions won’t go away. The recent budget agreement is only a skirmish in the long-term budget battle. On that everyone seems to agree. The only way to reduce the deficit is to cut spending, raise taxes, or both.
About half of Americans (48%) believe that major changes to defense, Social Security, and Medicare are necessary to make “truly significant, long-term cuts in government spending,” according to a new Rasmussen Reports poll. Just over a third (37%) isn’t sure.
For Republicans, especially the Tea Party branch, talk of raising taxes is verboten. So is any cut to defense spending. That leaves Social Security and Medicare. The 2012 budget plan proposed by Republican Paul Ryan finds its savings in cuts to Medicare and Medicaid—meaning that the old and the poor will shoulder the burden. Is that the right area to cut?
We hear that the president will propose a long-term deficit reduction plan that will include increases in taxes for the super-rich and cuts to defense, as well as cutting back Medicare and Medicaid. The details will be revealed in a speech tomorrow.
Where do you stand? Should everything be on the table?
What would you cut?
Would you hike taxes?
Please Comment below—and help spread the word via Facebook.
(Originally published at www.OurValues.org, an online experiment in civil dialogue on American values.)