Economic Restructuring
Congress holds the constitutional authority to borrow on behalf of the United States, but there is a limit, known as the debt ceiling, on the total amount of debt allowed. Currently set below $31.4 trillion, the debt ceiling needs to be raised in 2023 to ensure the country can pay its bills and avoid a catastrophic default.
Raising the debt ceiling is crucial because it allows the Treasury to honor financial commitments already approved by Congress and the President. Failure to raise the ceiling could jeopardize the nation’s credit and disrupt vital programs such as Medicare, Medicaid, Social Security, and veterans benefits.
In recent years, debates around the debt ceiling have been contentious, with the potential for political brinkmanship and adverse effects on financial markets. The consequences of a default would be severe, leading to increased interest costs, financial market disruptions, higher borrowing rates for individuals, and potential economic crises.
It is important for Congress to address the debt ceiling issue in a bipartisan manner, ensuring the stability and integrity of the nation’s finances.
Additionally, our campaign is dedicated to shaping an economy that uplifts every American and fosters true economic justice. It’s time to address the soaring costs of healthcare, prescription drugs, and utility bills that burden hardworking families. By decreasing these expenses, we can alleviate the financial strain on everyday Americans and ensure access to essential services without sacrificing their well-being.
Expanding Medicare coverage for prescription drugs is a crucial step towards making healthcare more affordable and accessible for all. Nobody should have to choose between their health and financial stability, and by prioritizing this issue, we can secure a healthier future for our citizens.
Moreover, paid leave should be a federal right, empowering workers to balance their professional and personal lives without fear of losing their livelihoods. We must strengthen protections for workers seeking to unionize, allowing them to advocate for their rights collectively and ensure fair treatment in the workplace.
Raising the minimum wage is a non-negotiable goal for our campaign. Every American should have the opportunity to earn a living wage that sustains them and their families, and we will not rest until this becomes a reality.
As we work towards a more just economy, we must hold accountable corporations, including Big Oil, that engage in price gouging and contribute to rising everyday prices. It is time to put people before profit and ensure that our economy benefits everyone, not just the top 1%.
The economic disparity between the wealthy and the working class is stark, and it’s time to bridge that gap. We are committed to empowering working-class Americans and ensuring that they have the opportunities and resources they need to succeed.
Ultimately, our vision is simple—economic justice for all. We believe in an economy where hard work is rewarded, and every American can pursue their dreams without financial barriers. By coming together and advocating for policies that uplift everyone, we can build a nation where prosperity is not confined to the few, but shared by all.
- Income Inequality: Mahnoor will aim to reduce income inequality by raising the minimum wage to $15 an hour, ensuring equal pay for equal work, and making it easier for workers to join unions.
- Healthcare: Mahnoor will advocate for a Medicare for All single-payer healthcare system, which would provide healthcare coverage to all Americans without out-of-pocket costs.
- Education: Mahnoor supports tuition-free public colleges and universities and aims to cancel all student loan debt, which she believes will make education more accessible and reduce the financial burden on students.
- Climate Change: Mahnoor supports the Green New Deal, which aims to create millions of jobs by transitioning to renewable energy and making infrastructure more sustainable.
- Taxation: Mahnoor plans to raise taxes on the wealthy and large corporations to fund his programs and reduce income inequality.
- Conflict-free economy: Since 2003, the US has been involved in wars in the Middle East and North Africa. These wars have caused harm, with many civilians killed or forced to flee their homes. This damages America’s reputation and costs a lot of money—money that could be spent on other things like healthcare or education. The Constitution says that only Congress can declare war, but many of these actions were never voted on. We should not be causing instability in other countries. Mahnoor believes we should bring our troops home to stop these wars and focus on building better relationships with other countries. This will help heal the damage and make us stronger.