Comments about ‘New study warns of US long-term debt problems’

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Published: Tuesday, Sept. 17 2013 12:53 p.m. MDT

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Shawnm750
West Jordan, UT

Yet another study that's WAY too far behind the trend...

Tators
Hyrum, UT

The plain and simple fact of the matter is that federal government growth and spending has increased under President Obama at unprecedented levels. He's added more to the federal deficit than all other previous presidents combined. Our federal deficit has grown exponentially faster than our population growth and at rates that fiscal conservatives have been trying in vain to warn about.

Other countries can see what our spending issues will be doing to us. China (our biggest debt holder) has now quit buying more USA debt (bonds) since they understand our current policies will unquestionably result in inflation, thus eroding the value of the dollar. Its inevitable since we're currently adding $85 billion in new paper money each and every month, which our Federal Reserve has been doing as part of it's "quantitative easing" program without any corresponding increase in GNP. Almost every college student who passes their macro-economics 101 class understands that inflation will eventually have to be the result. Without further action, economic chaos will eventually result.

Unfortunately, this latest warning about our out of control federal spending will fall on mostly deaf ears in Washington, since getting re-elected is a higher priority.

happy2bhere
clearfield, UT

OK all you Obama supporters, note that this article comes from AP, not DN. I do laugh at the "New study" warning us of this. How much of a study does one have to do to understand that a 17 trillion dollar debt and growing (see Debt Clock. org. real time) is going to eventually bring budget problems? If one goes there, note the difference between the amount being spent (borrowed money) vs. the amount of income to the treasury. We know Obama and the Democrats will never do anything to change this trend. Therefore, unless the Republicans get the White House, House, and a super-majority in the Senate, nothing is going to be done, and the well will run dry. It will take legislation as big as Obamacare was to fix the problem.

Mountanman
Hayden, ID

Telling this to Democrats is a waste of time. They don't care! In the meantime, the ice at Antarctica is at an all time high for this time of year and the quantity of ice at the N. Pole is 60% more than normal.

ChristoperB
Salt Lake, UT

People are entitled to what they earn.

They are not entitled to what I earn

Pete1215
Lafayette, IN

Lets see. A country that is 17,000,000,000,000 dollars in debt, and that has fiscal surplusses for 4 of the last 40 years, and that would consider a federal defecit of 500 billion dollars to be a year of painful, draconian restraint; that country is headed for trouble. Well, duh!

Twinkie the Kid
OREM, UT

It takes a study to tell us the negative consequences of these things? Honestly...

Fitness Freak
Salt Lake City, UT

The irony is that two of Obama's biggest "wants" are Obamacare, and MORE illegal immigration.

Between those 2 issues the 17 trillion, (if he gets his wishes)will be chump change!

SCfan
clearfield, UT

Only 8 comments so far, but I do notice that no Obama supporters want to try to defend this spending. And if they do come aboard, watch for the name Bush to appear. So many times on this issue I've read that Bush spent us to 10 trillion with his two unfunded wars, but that the 7 trillion added by Obama is no big deal.

Hutterite
American Fork, UT

We need to properly fund retirement benefits. And get health care under one umbrella as a single payer system. We spend plenty enough on health care but lose it all to greedy insurance companies and so called providers. Since I know none of this is going to happen, and we had nothing but surpluses and happy people before President Obama was elected, I'm sure we can go back to a republican president in a few years, and they'll fix everything. That's what I expect them to do, nothing less.

jbarr
North Ogden, UT

What "recent improvements to the deficit" are you talking about. I contiues to grow. There is NO recent improvement.

atl134
Salt Lake City, UT

@Tators
"The plain and simple fact of the matter is that federal government growth and spending has increased under President Obama at unprecedented levels. "

Actually growth from 2009 to 2013 (budgets are submitted the October of the previous year so 2009 is a Bush budget year, though influenced by things during 2009 so it's really Bush/Obama) is one of the slowest growth rates for an administration in over half a century.

@SCfan
"And if they do come aboard, watch for the name Bush to appear. "

Wouldn't want to disappoint you.

atl134
Salt Lake City, UT

@Mountanman
"and the quantity of ice at the N. Pole is 60% more than normal."

That is completely false. The statement with the 60% that would be accurate is "Arctic sea ice area is 60% larger this time of year than it was last year" and last year was frankly extremely anomalous shattering the record by a massive amount. It's still significantly below average (7th lowest out of the 30+ year record) despite natural weather patterns being unfavorable for ice melting (unlike last year).

Mountanman
Hayden, ID

@ atl134. Environment, News Releases, Research, Science
"Despite warmer air and oceans, there’s more sea ice in Antarctica now than in the 1970s – a fact often pounced on by global warming skeptics. The latest numbers suggest the Antarctic sea ice may be heading toward a record high this year." Similar ice increases have been measured at the N. Pole this year! So you see, the hoax is being exposed! But you go on believing if you want to.

David
Centerville, UT

Let us not lose site of what this study was telling us, lest we fall again into a favorite past-time of blaming the other party..."It was Bush! No, it's Obama!"

Ridiculous.

We are heading to bankruptcy. We are enslaving future generations so that they will have NOTHING. We must wake up and insist that leaders change government spending. Obama is in the White House now. Will he hear this message? Watch to see what he does.

And Republicans only seem to care about eliminating Obamacare.

I still say we need statesmen who will stand and speak the truth, leading the country in the right direction. Will there be enough voters to give sufficient political power to such a statesman?

metamoracoug
metamora, IL

David: Well said. My concern is not whether there is enough voters to give sufficient political power to such a statesman, but whether such a statesman even exists. The closest we have come in the past 50 years are Ronald Reagan & Bill Clinton. But I have not seen anyone in the current political realm even remotely close to their caliber.

Let's be reasonable
Baghdad, 00

To Mountainman,

Ice pack in the Arctic is 60% above what was seen last year (2012), not as you sayabove normal. Last year, 2012, was the lowest icepack recorded. Icepack for 2013 is still 30% below average for years dating back to 1982.

Using statistics bring with them greater responsibility to be accurate because they carry such weight. When they are wrong, and because a number is easier to remember, they often are spread (erroneously) more than what someone's erroneous opinion might be spread.

If your point is that Democrats spend a lot of money and often look at an issue, and even more importantly a solution to an issue, from the wrong angle, then I agree with you. But using wrong data to support an opinion undermines not only your position, but often the correct solution for the issue.

Brian
Wasilla, AK

Whenever I am reading an article in the Deseret News and smell the stench of "spin" I look to the top expecting it to be an Associated Press author and it almost always is.

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