Hatch, Lee, Chaffetz seek balanced budget
Pay now, or pay later! It will be painful in any case.If we don't
raise the debt ceiling our credit will be badly hurt, causing an immediate
interest rate increase for government borrowing and for private loans
(mortgages, cars, credit cards, etc). That is unaffordable.If we
increase the debt limit and still fail to live within our means, our debt will
continue to skyrocket and that too will kick in huge increases in interest
rates. That is unaffordable.The ONLY solution is to stop the
spending. Spending must be cut from 2011 and 2012 budgets equal to the amount
of any debt ceiling increase.Any other "solution" is smoke
and mirrors and pretending that future Congresses and Presidents will be more
prudent than the incumbents (a very low bar indeed!).So far, we have
an actual plan from Rep. Ryan, another from Sen. Coburn, but nothing but
rhetoric and threats and scare tactics from Obama and his party.Time
is running out, and the only solution is to stop the spending!Balanced Budget Amendments are meaningless and unenforcable, sheer political
posturing and will do nothing. Only cutting spending will end the problem.Do it! Now!
Reliance on Utah's finest to "save the day" in Washington for all the
American people, laughable. Chaffetz has neither the political savvy nor the
brains to be an agent for reasonable change and compromise. The solution is
both a cut in spending and an increase in taxes/elimination of tax loopholes for
corporations/the rich. Trickle down economics and tax cuts for the rich have
done nothing to increase available jobs only line the pockets of
corporations/the rich with more money. Our Utah trio will want to resolve this
issue by cutting the benefits of those who can least afford it, the aged, the
poor and the sick. After all in Utah we have a long tradition of doing just
that on the state level.
The government has overused its credit card and now it can't make the payment
without borrowing more money so the solution is to use the credit card some
more?A large and ever increasing item in the budget is interest
payments and now they want to further increase this item? Just as
there were those in the pre-existence who favored saving all souls by forcing
them to do good, so today there are those who favor helping all mankind by
forcing all to have charity. Forcefully taking from those who have and giving
to those who do not or will not will not result in security for anyone. There are simply some things that government should not be doing and we
are busily engaged in doing just that. There is no solution until we return to
limited government. Do we really think that raising the national
debt will solve anything? Anyone who votes to raise the debt limit should be
voted out at the next election because they do not understand the basic
principles of good government. We cannot survive if they remain in office.Tell your reps to vote NO and cut up the credit card!
The major mistake the Founding Fathers made when establishing te government was
to give the purse strings to the US Congress.
I marvel that the DesNews continues to pander to Chaffetz. True, he is a
leading voice in the battle but even the DesNews must recognize that Chaffetz is
all about Chaffetz, first and foremost, and has been since his football days at
The supposedly mature senior senator Orrin Hatch is now in full pander mode,
working tirelessly for the support of the tea party while he stands alongside
the unbending and eventually irrelevant Lee and Chaffetz. The problem is that
what is needed now is actually what Hatch should be perfect for- a genuine
statesman who will risk political defeat in order to find a compromise. Hatch
could sign on to Coburn's bill and cut the deficit by 10 trillion. But Hatch
won't do that because he is scared of closing tax loopholes. Please, Senator
Hatch, show us why we should keep an experienced legislator in Washington. Show
us how to get things done. No more political games.
I continue to wonder how members of Congress...Chaffetz included...are going to
share the pain. If Social Security and Medicare/Medicaid payments stop will they
forfeit their government-provided salaries and health care? Will Congressional
retirees who draw their retirement and benefits from the Federal treasury be
affected? I tire of the soapbox rhetoric. If Congress had to share the pain with
the rest of us they'd find a solution to this mess in no time.
The article starts with a falsehood."With only two weeks until
the federal government enters financial default on Aug. 2" the
government need not enter financial default. Every two weeks they get money
from my paycheck, as they do from most people's paychecks. Pay the interest due
on the debt first, before spending on anything else, and there will be no
default on the debt.The federal government is due to take in $200
billion in taxes in August. that's enough to service the current debt; pay the
military, social security (BO is just fear mongering when he says SS checks may
not go out), medicare, and medicaid; and still have $39 billion left over.just like anyone who actually runs on a budget, instead of spending on
anything and everything they can to buy votes, the BO misadminsitration would
then have to prioritize where that remaining $39 billion went.
What is good for the goose is good for the gander. Whatever plan is implemented
must include making Congress, the President and all governmental employees and
military subject to the same laws, rules and regulations imposed on the American
People. We are all on the same ship; there is no first class or third class; we
all get a life jacket and a life boat on the Good Ship America.
What is new about this idea? Decouple the balanced budget plan with the don't
raise taxes on the wealthy pledge and its worth considering. But Clinton did not
need the amendment to balance the budget. He had a surplus.
FDRfan,ALL of slick willy's budgets from 1995 forward originated in
a repub controlled house. So if credit is due for reducing the deficit, it
should go to the repubs (who went astray under bush)And please stop
perpetuating a lie.Despite the repub's best efforts during slick's
administration, the budget was NEVER in balance and there was NEVER a surplus.
Gross federal debt INCREASED every year during slick's administration. SS
receipts were more than SS expenditures, so the government borrowed from SS to
meet it's shortfall.The closest we came was about $23-26 billion
deficit, met with excess SS funds. the last tinme gross federal
debt actually decreased was 1969.
@Mary E PettyI am a government employee. What "laws, rules and
regulations" do I not have to follow that the rest of the "American
People" have to follow? Please enlighten me.
Everytime our elected leaders decide to do anything my taxes go up. Washington
should continue rendering themselves paralyzed on this issue. If the debt
ceiling is not raised by August 2, it will be the first truly bipartisan effort
in limiting Washington's out of control, long term spending spree. Keep
fighting! Do nothing!
Don't sweat the small stuff. These idiot's who represent us will not allow the
government to default. They will raise the bar, as they have always done, just
before the bell rings.
Here's all you need to know about Republicans in this debate.Last
week Eric Cantor said that just getting Republicans to vote to increase the debt
ceiling was a huge concession his party had to make. Thus, that was the only
concession Republicans were at liberty to make, while Democrats must come the
other 99% of the way to a deal.Apparently things have changed
quickly. Those Republicans, including Mr. Cantor, voted 7 times during George
W. Bush's adminstration to raise the debt ceiling. Without a single peep,
without demands of debt reduction, without demands for Medicare/Medicaid cuts,
without demands of protecting ridiculous tax breaks for the wealthiest
Americans. President Bush said raise the ceiling, Republicans said where do I
sign.Credibility is not something these Republicans have on their
side at the moment.
The only thing more dangerous to America than Hatch and Lee is Chafetz.
Pagan,why didn't the dems in the senate pass a budget when they had
a filibuster-proof majority???You can't blame cloture and
filibusters for that dem failure.
$144 billion in cuts isn't going to be enough. It's not even a 10% cut. We
really need to cut about $900 billion, but I'd settle for 500. Nobody wants to
make that hard choice and really focus on cutting spending. Well DC,
the time has come to wake up and face the reality your citizens have been living
in for the past 3 years. None of us wanted to stop going out to eat, drop cable
TV, buy a used car instead of a new one, shop at Ross or TJ Maxx instead of
Penny's... but guess what, WE HAVE. Why? Because it was necessary to save
ourselves.The Federal Government is going to have to do the same
thing in order to save itself. Anything less than MAJOR cuts is a meaningless
And where is Matheson in all this tax talk......why is Chaffetz the only Utah
congressman involved in the debt crisis......or is it because Matheson only
knows how to spend money without a budget!Obama had 2 years to
propose a budget...why did he wait until he had no control over the congress to
all of a sudden take an interest.....he should work more and play less golf and
cut down on the smoke breaks~
Mary,Please tell me. What are you talking about? What law, reg or
statute do you follow that I do not? The internet is a great place where you
can say anything you want and then disappear.
So funny that Republicans want to take shots at Obama and the 111th Congress for
not doing enough.Go do some research. The 111th Congress tackled
health care, equal pay for equal work, financial reform, consumer protection,
civil rights, and saving the economy. It was one of the most active terms of
Congress as far as passing legilsation as we've seen in decades.Now
search the 112th Congress, when Republicans grabbed the House and got the Senate
below a filibuster proof majority. The 112th Congress is on pace to be one of
the least productive in recent memory as measured by votes taken, bills made
into laws, nominees approved. By most of those metrics, this crowd is
underperforming even the "do-nothing Congress" of 1948, as Harry
Truman dubbed it. The hot-temper era of Clinton impeachment in the 1990s saw
more bills become law.Really want to hit Obama and the Democrats for
not getting enough done with their majority? Facts are facts.
williaryThey were too busy reveling in the tax cut for the most wealthy.
The threat of losing it has them throwing hissy fits.
"slick willy's"President Clinton has not been in office
since 2000.The disparaging reference to President Clinton extends
the window of opportunity to mock President Bush at least until 2019.When are we going to "cut and cap" corporate welfare?
@Truth: B/c Obama spent the time he had a majority forcing Obamacare down our
throats instead of solving more pressing issues.
Blaming who is at fault is not working. Proposals have been made. Proposals
have passed and failed and vetoed. That's the way the system works. If the
system is broken then fix it. A balanced budget amendment is the biggest fix I
see that will solve this problem for future generations.
Re: lost in DC | 11:14 a.m. July 19, 2011 "why didn't the dems in the
senate pass a budget when they had a filibuster-proof majority???"It's unfair to bring up a question with an obvious answer but Pagan will tell
you that it is because Bush doubled the national debt.
As Aug 2nd approaches the stock market falls and the price of gold rises. Both
signs a fear of the future...all of our financial futures. It is time for BOTH
sides to give a little and reach a reasoned compromise. That is what governing
is really about...give and take. While both sides argue our 401's fall and the
recovery suffers yet another "arrow" to it's heart. We need to not
only decrease spending but we need to also raise revenues from all of us,
wealthy and not so wealthy. Tax loopholes need to be closed. Corporations need
to pay taxes too. No more "special deals" for entities, personal or
business, that should be paying their fair share but are not. The government
needs more "income" AND to pay out less in spending if we ever are to
retire our debt or even move in that direction. Just "balancing the
budget" does not really entirely address the subject of paying off our
present debt. Come on congress...do your job. Actually resolve a
probem...don't just delay that action until after yet another election. That is
not why all of you are in DC.
@carabaoU: A balanced budget amendment won't work. It would cripple the nation's
ability to wage war and spur the economy in the future. Debt itself isn't the
enemy, a certain percentage of it is actually necessary for things to function,
but runaway spending must be put in check. I think an amendment requiring 2/3
majority vote from both houses before any further debt is allowed would be a
good step.@armyvet48: The stock market won't fall for long before
action is taken. These DC weasels are all in the pockets of Wall St... and Wall
St. will only put up with their political grandstanding for so long. Notice how
the TARP program was moved right on through when the markets were threatened. Be
prepared to see something like that happen again.
My well read observations:1. Raise the debt ceiling...most economists
agree from a variety of institutions.2. Cut spending substantially over 10
years or more. (US currently borrows $125B each month.)3. Do NOT pass a
Constitutional Amendment for a balanced budget. Pretty much would guarantee that
each recession would be a depression since the gov't could not intervene in any
down economy to soften the fall. Each fall would be big. However, require the
president submit a balanced budget to Congress since he is the one who creates
Hmm, seems to me it was the GOP that threw out PAYGO, What happened?
To One Utah Taxpayer | 4:54 p.m. July 19, 2011 I agree with the
observations you make. One thing is missing, though -- it is also necessary to