Friday November 2, 2018
Editorial on deficit goes after wrong target.
I agree with the headline of your Oct. 27 editorial ("Federal deficit spending during a boom is bad policy"). I don't agree with its conclusion that "ordering government services and sending the bill to our children and grandchildren is a shameful habit we must break." Government services are not a shameful habit.
The editorial does not mention the most expensive part of the GOP tax reduction package: the personal tax cuts. Newsweek reported that the tax cut has disproportionately benefited the richest citizens, and that by 2025 a quarter of the benefits will go to the wealthiest 1 percent of Americans and 64 percent to the top 20 percent of earners.
The shameful habit we must break is not the ordering of services but the shameful practice of giving more tax breaks to the very rich. Reversing these tax breaks would allow us to afford government services, including Social Security, Medicaid and Medicare.
Government services not a shameful habit