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My view: Let's focus on the state of our debt

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  • atl134 Salt Lake City, UT
    Feb. 13, 2013 10:57 a.m.

    @Chris B
    "Barack has increased the debt
    more than
    all other
    US presidents
    combined.
    Yes, that's a fact."

    No, that's false, he's only added about 5 trillion (1.4 1.2 1.2 1.1 trillion the four years) to a 16 trillion national debt. That's closer to 1/3 and I had to round up.

    @VST
    The fiscal year starts in October the previous year (i.e. 2009 is really Oct. 2008-Nov. 2009). Bush left a structural deficit of about 1.1 trillion that fiscal year. Obama's stimulus added another 300 billion (yes the stimulus was 700 billion but not all of it was that one year). So I'd say that year is not entirely due to either Bush or Obama.

  • pragmatistferlife salt lake city, utah
    Feb. 12, 2013 3:37 p.m.

    Here's an exercise for you patriot..Bush's last budget, the budget for 2009 was 1.4 trillion dollars. This included the wars and the economic collapse. Now if Bush had had both of those circumstances for his whole 8 years like Obama has had for his first 4 years what would have Bushs deficit been? 11.2 trillion..context matters.

  • Badgerbadger Murray, UT
    Feb. 12, 2013 3:34 p.m.

    A contracting economy is not the same a as a recovery.

    Real recovery includes job growth that outpaces those young adults entering the workplace. We haven't had that for 5 years. There are more unemployed now than at any time in our country's history.

    The recovery is all a fake, based on borrowed money, which gets handed out without any productivity being required in return. It is just like the housing bubble, only this time it is a government bubble. This is why the president and his disciples are afraid to cut anything, because they don't want it to burst on their watch. They want to stick it to the next guy.

  • Open Minded Mormon Everett, 00
    Feb. 12, 2013 12:57 p.m.

    If the letter writer is so overly concerned with our national debt,
    I hope he isn't a Republic and voted for Bush or Romney.

    Remember,
    Bush started 2 un-funded wars to the tune of over $2 Trillion,
    and Romney wanted to give everyone a 20% tax reduction, and increase Military spending.
    All while not closing a single tax-loop hole.

    Relax -
    America chose the right guy (again), and America is finally on the road to recovery.

  • Roland Kayser Cottonwood Heights, UT
    Feb. 12, 2013 11:50 a.m.

    Allowing the sequester to occur will significantly cut the deficit. Yet even this letter writer concedes that doing so could cost 16,000 Utah jobs. So do you want to cut the deficit or do you want to save jobs? Cutting the deficit right now will kill job growth. Better a plan to bring it down gradually.

    In 2009 the deficit was over 10% of GDP. Last year it was 7%. This year is projected at 5.5%, even without the sequester. Next year is projected to be lower. We are moving in the right direction.

  • patriot Cedar Hills, UT
    Feb. 12, 2013 11:50 a.m.

    George Bush accumulated 4 trillion in debt over 8 years which included 9/11 and the Iraq war. Barack Obama has accumulated 6 trillion in 4 years. Obama will hit the 20 trillion mark after his second term is over according to budget projections which would mean Obama would have accumulated 10 trillion of new debt in 8 years compared to 4 trillion by Bush. That is 10 Trillion with a capital T. (Our current debt sets at 16 trillion).

    so why worry about debt? Obviously all the low information Obama voters could care less about debt. What did debt do to Greece? What will 20 trillion of debt do to America? To you as an individual? Is it worth worrying about? What will our massive debt do to interest rates...yes the interest rates we all buy our homes and cars with as well as run our small business's? These questions are NOT even being mentioned by MSNBC, NBC, CBS, ABC, CNN let alone the White House. I will just say each individual will have their life changed DRASTICALLY by 20 trillion in debt ...for the worse!! So - is it worth worrying about??

  • Pagan Salt Lake City, UT
    Feb. 12, 2013 10:05 a.m.

    Barack increased the debt himself

    more than the previous presidents have done the

    past several hundred years.... - Chris B


    The United states of America....

    is only 237 years old.

  • pragmatistferlife salt lake city, utah
    Feb. 12, 2013 9:54 a.m.

    ChrisB..Barack increased the debt more than any other President..so what? It was done at 0% interest, saved the economy from a european debt fiasco, and has us in rcovery mode.

  • Ultra Bob Cottonwood Heights, UT
    Feb. 12, 2013 9:20 a.m.

    The only thing more coddled, babied and favored by our government than small business is big business.

    It is to the shame of America that we allow select groups of our citizens to so aggrandize themselves that they can claim the right to tell us all how we should live our lives.

    Small business is just like big business, they have the exact same goals, methods, morality, honesty and attitudes as big business. In truth these qualities are also about the same in all people and all governments.

    The real problem is that the special groups set themselves above the welfare of the general population and with their vast resources they can control our government to their advantage. Business is supposed to be a servant to the people, existing to fill the needs and wants of society. Businessmen seem to feel that business is a right granted them to make them rich, and serving the public is merely a byproduct.

    Perhaps we should all be considered businessmen, each having something to sell and exchange for the other things we want. And each with all the rights, freedoms and privileges that goes along with that.

  • Chris B Salt Lake City, UT
    Feb. 12, 2013 8:19 a.m.

    Barack has increased the debt

    more than

    all other

    US presidents

    combined.

    Yes, that's a fact.

    Barack increased the debt himself

    more than the previous presidents have done the

    past several hundred years....

    combined.

  • one vote Salt Lake City, UT
    Feb. 12, 2013 8:04 a.m.

    The debt if the money supply, shrink it and go Japanese economy for ten years?

  • pragmatistferlife salt lake city, utah
    Feb. 12, 2013 7:55 a.m.

    The writer correctly said one thing.."eventually" the debt will... The debt is not the most pressing issue now..Of course a long term deficit control program is necessary..it always is, but the drastic cuts of a sequestration are exactly the wrong thing to have happen. Thoughtful (meaning paid for) investment in America is what is still needed now, not a manic fear of the debt.

    Yesterday a good friend of mine had the opportunity to hear the head economists from one of the leading fortune 500 financial institutions talk about the economy and there was not one word of debt and uncertainty. In fact it was just the opposite. This person felt that the economy was in position to start a major growth cycle.

  • liberal larry salt lake City, utah
    Feb. 12, 2013 6:48 a.m.

    Obama inherited a $1.4 TRILLION deficit and each year has slowly brought it it down, some projections estimate that the 2013 deficit will be a little over $800 BILLION. He has accomplished this despite every effort possible by the GOP to make him a "one term president".

    If the Republican party would quit pursuing their ideological attempts to dismantle the federal government, and show some maturity, we could use their insight to make more responsible budget cuts and work our way out of this mess!

  • Pagan Salt Lake City, UT
    Feb. 12, 2013 1:24 a.m.

    'Let's focus on the state of our debt’ - Title

    Ok.

    Regan tripled the debt.

    W. Bush, doubled the debt.

    Obama? Has done neither.

    Regan, raised the debt ceiling x18 times.

    W. Bush, x7 times.

    Obama? x4 times.

    The constant attack against Obama is that the national debt is the highest it's ever been. To be fair, if Obama added ONE dollar to the debt it would still be the 'highest' national debt. By a dollar.

    Keep in mind, George W. Bush did not end his wars in Iraq or Afghanistan. They were not even budgeted. So, that means the next President had to add the wars to the budget.

    Which President was that?

    I think we are doing a lot better.

    **Budget Deficit To Drop Below $1 Trillion in 2013: CBO - By ANDREW TAYLOR - AP - 02/05/13

    'Obama wants to ease the cuts by replacing them with new tax revenue and alternative cuts, but a clash is looming with Republicans who insist that last month's tax increase on wealthier earners will be the last tax hike they permit.'

    If my main motivation was to lower the debt....

    why would I vote Republican?