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Comments about ‘In our opinion: It's déjà vu all over again with national fiscal policy’

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Published: Sunday, May 27 2012 12:00 a.m. MDT

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aceroinox
Farmington, UT

I could not agree more. I'm certain Utahns are not the only ones frustrated by this incredibly irresponsible Senate. We can only hope that voters across the country do not re-elect the same crew that got us here. Every senator who, under the guise of securing "projects" and jobs for his or her home state, is spending us into oblivion needs to be called back home. I don't care how "conservative" they claim to be. If they are staying in office by touting everything they have done or will do for constituents, ask yourself this: how do they land those home-state "goodies"? It's not rocket science. They score these deals by promising similar projects to all their colleagues in other states. This never-ending multiplier of costly projects will not cease until we change our representation in Washington. And yes Senator Hatch, I'm talking about you!

Makid
Kearns, UT

Nothing can pass the Senate without 66 votes due to the rise in filibusters since the 2008 election.

Of course the majority of the House can pass legislation that most don't like when a majority of the seats is held by a single party.

From more than 50 years of research, we have found that when taxes are lowered, unemployment goes up as the economy goes down. When taxes go up, the economy goes up and unemployment goes down.

Just look at history, when we had the highest tax rates in the last 30 years, unemployment was averaging 4%. When taxes were lowered, unemployment slowly increased. As unemployment increases, bubbles start to pop. As can be seen in our most recent recession and in the recession of the 90's and 80's. This also can be shown with the Great Depression of the late 20's early 30's.

The USA is most prosperous when everyone pays taxes at a higher rate than today. Looking at the numbers, a 10% increase in the current tax levels for all incomes would lower unemployment by 3% with almost no new government jobs as the rich build tax shelters in employment.

DN Subscriber
Cottonwood Heights, UT

Stop the spending!

pragmatistferlife
salt lake city, utah

Ok, the Republican budget is partisan, austere, plutocratic, draconian, extreme and oh yes, adds billions to the deficit. Having a majority in congress means nothing DN..you have to have 60 in the Senate or nothing goes through. The Super majority has been around for a long time, but not like this. It takes 60 votes to order lunch now. By the way the President offered 3 to one budget cuts to revenue increases and the House summarialy turned it down. The Republican candidates for President openly and proudly said they would veto a 10 to 1 budget cuts to revenue increase. How, oh how do you propose a serious conversation take place in that envirnoment?

Esquire
Springville, UT

Republicans now calling for another tax cut with the deficit like it is is sheer insanity. Your pandering to the Ryan plan, with no judgment on its content and effect, is appalling! The Republicans will not deal, so is it any wonder little gets done? Ask yourself what is the end game for the Republicans. They want even more tax cuts, want to cut programs for the poor, refuse to cut programs for the rich, won't allow reductions to subsidies for profitable corporations, want preferential tax rates for passive investment income including foreign, and so on. What does that tell you? Come on, Deseret News, wake up!

Simple Man
Riverton, UT

Can you imagine a top business not having a multi-year budget that balances income with expenses? It would only take a few years before it found itself in bankrupty proceedings.

Yet too many politicians brush this important responsibility aside because addressing it in a seriours manner threatens their political careers. Where is the integrity in this?

CLM
Draper, UT

Deja vu is a contradiction in terms when you're still experiencing the nightmare. The economic meltdown continues on its devastating course. Not to minimize the absurdity of our national debt and the lack of a budget--but the meltdown is global. It all hinges on the reserve status of the US dollar--the world's currency. Foreign nations are turning away from the dollar. Other nations where huge amounts of US dollars are tied up are going into default. When the dollar goes, interest rates will escalate, and bond prices will collapse. All those who sought safety in US Treasuries will be wiped out.

None of these such outcomes are a part of the public debate, which continues to be about the arrangement of deck chairs on a Titanic that's already run aground.

Hellooo
Salt Lake City, UT

Finally, an article that points out the failure of the Senate-truly, the ultimate in "do nothing" leadership. Thanks!!!!!!

ShaunMcC
La Verkin, UT

As with any individual or family that finds itself in financial difficulty, we must either stop spending on that which is not absolutely necessary, increase our income or a combination of both. Instead of the government working harder and longer hours to address the problem they have created, they want us to work harder and longer to pay them more taxes. I know it is hard to stop buying what you want. I've had to do it. However, we must if our integrity as a nation is to survive. The only other option (and it is dishonest) is what we are doing now. Our government is stealing to support their habit. It is not just stealing from us, but by adding more and more debt, it is stealing from our children and grandchildren. This problem will not go away until we make the hard choices. If our political parties do not have the will to do it, we need to elect those who will not go along with party politics - third party or independent representatives that will do the right thing, even if it is hard. The parties are the problem. Let's vote them out.

ComSen1
Sandy, UT

"You know, a year from now, I think people are going to see that we're starting to make some progress but there is still going to be some pain out there. If I don't have this done in three years, then there's going to be a one-term proposition." President Obama, 2009

"We're not coming before you today to say we have a definitive solution to that long-term problem. What we do know is we don't like yours." Tim Geithner, 2012

From Face The Nation, August, 2011
"We're in a different place than we were in the day he did that interview. We were losing 750,000 jobs a month" when Obama took office, Axelrod said. "We've had job growth for 17 months."

We're still losing about 1.5 million jobs per month. Per the Bureau of Labor Statistics, only 63.6% of the population over age 16 is currently employed, yet the seasonally-adjusted unemployment rate is supposedly only 8.1%. According to them, of the 88 million people not working, only 6 million are looking for a job.

atl134
Salt Lake City, UT

@aceroinex
Senate? The house is the one that just voted to violate the debt reduction agreement they passed last year.

@Makid
60 votes, not 66.

Well Read
SALT LAKE CITY, UT

I send a comment a few minutes ago. where is it?? I feel it was well thought out and deserved a hearing.

BYUalum
South Jordan, UT

I pray to God that the American people can see the direction this country is headed and change our direction with good solid leadership in the White House. BHO said himself that if he hadn't turned it around, he didn't deserve to be re-elected, and here we are.

Romney 2012

red state pride
Cottonwood Heights, UT

It's really sad that we have a President who trips all over himself to meet with the Iranians and yet he can't meet with Mitch McConnell or even take a phone call from Senator Kent Conrad (a member of his own party)It's a complete lack of leadership and responsibility and I don't know if the country survives it.
I think the only reasonable conclusion a person can draw is that Harry Reid, Nancy Pelosi and Barack Obama want a bonafide debt crisis because it would give them an excuse to raise taxes on everybody (not just the rich)
@ Makid- so when taxes are raised employment goes up? Really? How does Greece support your theory?

KJB1
Eugene, OR

For those of you saying that President Obama is spending too, the Wall Street Journal actually says that government spending under his adminstration has had its' slowest growth in sixty years. I suppose the WSJ in now guilty of "liberal bias"?

Actually, red state pride, Greece has been been the poster child for the "austerity" programs that conservatives say will save us. When are they going to start working?

Furry1993
Clearfield, UT

Stop the spending and increase income. That's the Democrats' policy. The Republicans say "heck no" to that. Put the blame where it belong and that's not on the Democrats.

Or does nobody remember the fact that the Democrats were willing to cut $10.00 of spending for $1.00 of every incrased revenue enacted?

Makid
Kearns, UT

RSP, I didn't say anything about taxes in Greece, only here in the USA.

There are tax rates that companies qualify for when they have hire employees, have more employees with health care, have employees with dependents and more employees working at least 35 hours each week.

There tax breaks have been around since the 60's. Unfortunately, the current tax level is to low for businesses to take advantage of the tax rates. For companies to take advantage of the tax rates, we would need to raise corporate taxes 5% from where they are currently. All a company has to do to keep the current tax rate is to hire more people.

Unfortunately, there are many people that think lower taxes means more employment, unfortunately, this has never been proven true, never in the history of the United States. Lower taxes however do lead to corruption of public officials, recessions and depressions.

Temporarily lowering the tax rate to help overcome a recession is good, keeping it low once the recession has ended is bad.

Let's raise taxes 1% for every 10% we cut from spending. That will improve the economy and unemployment at the same time.

Makid
Kearns, UT

atl134,

Thank you for the correction. I wrote my comment a bit to early this morning and wasn't completely awake.

Carole Knowles
EAGLE, ID

Please, choose to use either "deja vu" or "all over again". It's painful to read.

red state pride
Cottonwood Heights, UT

@KJB1 : whoa nellie. Before you start posting about what the WSJ "says" maybe you should actually read the WSJ. Their editorial position this weekend completely ridiculed the claim you are referring to which was made by Richard Nutting in a column in Marketwatch. Is every column printed in a newspaper reflective of that paper's editorial position/ opinion? The paper's editorial positions are not always the same as columns in the paper. Free country right?
As far as Greece, they haven't cut any significant spending - only increased taxes and they were past the point of rescue before they even did that but the point is that Makid posted that increasing taxes increases employment and Greece has significantly raised taxes and their employment rate has gone down significantly- there is no correlation except maybe the opposite of his theory.

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