Index Investing News
Friday, January 2, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

How real leaders would handle the deficit

by Index Investing News
January 16, 2023
in Opinion
Reading Time: 4 mins read
A A
0
Home Opinion
Share on FacebookShare on Twitter


By LZ Granderson

Monday, Jan. 16, 2023 | 2 a.m.

Our population was getting older and broker.

Between 1900 and 1950, the number of senior citizens in America had grown from 3 million to 12 million. Only 1 in 8 had health insurance. Only 1 in 3 made more than $1,000 a year. By 1963, the population over 65 years old had risen to 17 million.

These were the conditions that gave birth to Medicare and Medicaid in 1965. And while Republicans in the House were not thrilled at the time about Democrats’ effort to expand the New Deal — a deal the party didn’t like in the first place — they drafted legislation of their own to address the growing problem.

They understood there is a difference between being a politician and being an elected official.

A politician tells constituents what they want to hear. An elected official governs.

In a recent CNN appearance, Rep. Chip Roy, R-Texas, spent a good chunk of his time talking about spending. In fact, he voted against Kevin McCarthy 11 times as the Californian kept trying to get elected speaker of the House. Why? In part because Roy and the Freedom Caucus wanted McCarthy to promise not to raise the debt ceiling without also requiring cuts to spending.

Believe it or not, I understand his concern. We are approaching $32 trillion in debt. That’s a growing problem.

What I don’t understand is the need to portray entitlement programs like Medicare and Medicaid as the bad guy.

We spend more on our military than the next nine countries combined spend on theirs. The 2017 tax cuts led to a 44% jump in profits for banks in 2018. And, despite (or because of) global inflation, corporate America booked record profits during 2022 while families struggled to put food on the table.

Our problem is not money. It’s priorities.

Take incarceration versus education, for instance.

During the Great Recession, 33 out of 50 states decided to decrease education spending and increase prison spending. Between 1987 and 2007, state spending on corrections grew six times faster than spending on higher education. That’s how the U.S. ends up the nation with the highest rate of incarceration and a STEM education system that’s average at best.

The question for Congress is less about money and more about our priorities. That’s what budgets really are: a list of our shared priorities. Sadly, we appear more interested in caging people than in educating them.

Now politicians like Roy, telling constituents what they want to hear, are setting out to cut the safety net. A safety net that public servants recognize we need.

I hope I’m wrong about the agenda of lawmakers like Roy.

I need to be wrong.

Because on the substance, he’s partially right: We should make some cuts.

But in a country in which 63% of people are living paycheck to paycheck, those who rely on entitlement programs are bleeding enough. Look elsewhere for budget cuts. On the heels of mentioning the rising cost of entitlements, Roy dubbed his chamber the “house of free stuff” on the floor. It’s the kind of rhetoric that may get a politician elected, but it doesn’t actually solve the problem.

And I’d like to think that’s why he and the 118th Congress were sent to Washington: to solve problems.

And look, everyone knows it’s not easy, and it never has been. Flaws of the New Deal are still with us today, but so are the benefits of the legislation — because President Franklin D. Roosevelt was trying to save the country, not destroy it. That’s what an elected official does. And when President Lyndon Johnson expanded the idea of Social Security in 1965 with Medicare and Medicaid, he was saving the vision of the United States, one in which American children would not go to bed hungry and American seniors would not be penniless on the streets. That’s what a public servant does. “Cutting funding for the woke”? That’s what a politician does.

That doesn’t mean any of today’s entitlement programs are perfect. Only that they are essential. They’re not only well intentioned but also proved to be effective tools against poverty. They’re certainly not a cancer on the American work ethic, or an albatross on the federal budget.

Sure, politicians on the campaign trail score points by saying otherwise. But now we have elected officials in office. They need to flip the switch and think like elected officials — like public servants — because those numbers on a spreadsheet represent real lives and real people.

LZ Granderson is a columnist for the Los Angeles Times.





Source link

Tags: deficitHandleleadersReal
ShareTweetShareShare
Previous Post

4 Ways To Show Your Professional Network That You Appreciate Them

Next Post

The “True Remedy” for Slavery

Related Posts

Tesla Publishes Downbeat Wall Street Estimates For Vehicle Sales – FREEDOMBUNKER

Tesla Publishes Downbeat Wall Street Estimates For Vehicle Sales – FREEDOMBUNKER

by Index Investing News
December 30, 2025
0

Tesla has compiled vehicle delivery forecasts from a broad group of Wall Street firms, including Daiwa, DB, Wedbush, Canaccord, Baird,...

Supreme Court generals have failed their troops this year –
Las Vegas Sun News

Supreme Court generals have failed their troops this year – Las Vegas Sun News

by Index Investing News
December 26, 2025
0

Friday, Dec. 26, 2025 | 2 a.m. This will go down as the year when the president of the United...

Michael Goodwin: This newest batch of little-detailed Jeffrey Epstein pictures proves it is time to finish the bipartisan obsession

Michael Goodwin: This newest batch of little-detailed Jeffrey Epstein pictures proves it is time to finish the bipartisan obsession

by Index Investing News
December 14, 2025
0

One other day, one other drum roll to sign one other launch of Jeffrey Epstein pictures. This time it was...

Public well being good points via vaccines want restatement

Public well being good points via vaccines want restatement

by Index Investing News
December 10, 2025
0

A well known character’s put up on social media, questioning the usage of vaccines and urging dad and mom to...

5 Poisonous Cash Beliefs That Saved Me Financially Caught (What I Consider Now)

5 Poisonous Cash Beliefs That Saved Me Financially Caught (What I Consider Now)

by Index Investing News
December 22, 2025
0

Let’s speak about the actual issues that hold us caught financially. Not simply overspending. Not simply low revenue. However the...

Next Post
The “True Remedy” for Slavery

The “True Remedy” for Slavery

Tiffany Jenkins on Plunder, Museums, and Marbles

Tiffany Jenkins on Plunder, Museums, and Marbles

RECOMMENDED

High Dividend 50: Kronos Worldwide

High Dividend 50: Kronos Worldwide

January 13, 2023
Miami Open: Katie Boulter, Dan Evans, Elena Rybakina and Caroline Wozniacki in action on Thursday | Tennis News

Miami Open: Katie Boulter, Dan Evans, Elena Rybakina and Caroline Wozniacki in action on Thursday | Tennis News

March 21, 2024
Musk’s Twitter Won’t Die. Look at Telegram.

Musk’s Twitter Won’t Die. Look at Telegram.

December 2, 2022
The right way to Construct a Rental Portfolio (Quick) That Offers You Monetary Freedom

The right way to Construct a Rental Portfolio (Quick) That Offers You Monetary Freedom

May 10, 2025
Listen To This: Big Deal!

Listen To This: Big Deal!

October 30, 2022
Arteta urges Arsenal to ‘present who we’re’ after they tackle Paris Saint-Germain

Arteta urges Arsenal to ‘present who we’re’ after they tackle Paris Saint-Germain

April 28, 2025
Morgan Stanley rolls out OpenAI-powered chatbot for Wall Road division

Morgan Stanley rolls out OpenAI-powered chatbot for Wall Road division

October 26, 2024
An Oil Worth Cap for Russia?

An Oil Worth Cap for Russia?

June 29, 2022
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In