Utah is about to experience a period of epic growth. Our state leaders are focused on this amid a great recession. After reading "My view: Five years of spending deficits is not fiscal conservativism" (Feb. 10), I find the writer lacks the financial background to understand how leverage is best used.
As a fiscal conservative, I want my taxes low and my government to spend wisely. Excessive debt is against good conscience, but even a fiscal conservative will see the wisdom in using low-cost leverage to plan for growth. Couples hope to get the lowest rate to purchase an affordable home. Businesses use low-cost leverage to pay for market expansion. Is it wise for our state to use this financial mechanism?
Our state avoids debt but not at the expense of planning for epic growth. If a mortgage is necessary to keep ahead of the growth, it's better to do it when interest rates and labor costs are low. This is what any business or family would do and I am glad our state leaders are doing it. Responsible management of government outlays is fiscally conservative and minor spending deficits now are more conservative than paying excessive growth costs later.
- Lawrence and Windsor won't trump Utah...
- My view: Balancing personal conviction and...
- Can Hollywood keep the faith in faith-based...
- Frank Pignanelli & LaVarr Webb: Re-enactment...
- Letter: Policy disagreement
- Mary Barker: The Romney I may have voted for
- My view: Circuit Court's Obamacare decision...
- Letter: Outdated climate
- Mary Barker: The Romney I may have... 69
- Lawrence and Windsor won't trump Utah... 64
- Stuart Reid: Translations of religious... 61
- In our opinion: History will remember... 46
- Dan Liljenquist: Religious liberty and... 46
- Letter: Breeding hate 45
- Letter: Policy disagreement 37
- In our opinion: Use market forces and... 32