Deseret News | Utah economy is cooling

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Utah economy is cooling

Ken Goddard | 8:50 a.m. Oct. 3, 2007

Utah's economy is highly dependent on spending by the federal govt, mostly for defense, entitlements and medical costs. Due to generous federal tax deducts, for every federal tax dollar the "beehive" state sends in we get back at least 1.25 not counting the multiplier effect. To say we pay our way is a stretch of the imagination. Now if only I could figure a way out of paying so much.

line_doggie | 9:35 a.m. Oct. 3, 2007

No, Ken Utah mooches off of California who only returns 75 cents per every dollar paid in.

Jeff Warren | 12:58 p.m. Oct. 3, 2007

Utah is a welfare state, since it bleeds the United States (beast).

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Cold Forecast | 3:18 p.m. Oct. 3, 2007

It says that the ï¿½Utah economy is coolingï¿½, wait a few month and will soon be cold. The housing market across the country will eventually cause the economy to become very cool if not down right cold.

Dave | 7:28 p.m. Oct. 3, 2007

Not quite so fast everybody!! Utah only appears to be on the receiving end from the Federal Government. If you deduct federal Payments in Lieu of Taxes from the total federal receipts, Utah does not fare that well. Utah State,County and Local governments provide the expensive infrastructure services for the large Federal holdings in the state.

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