Published: Wednesday, Feb. 13 2013 12:05 a.m. MST
We should look to barack to answers to our financial problemsHe has
concluded the best way to fix our economic problems is to keep spending more
money than we bring in as a country.Seems like a logical plan.
All states received federal funds, and federal funds come from citizens in all
states.It should come as no surprise that a republican controlled
government in Utah is often considered the most financially well run state in
re Chris BSalt Lake City, UTWe should look to barack to answers to
our financial problemsHe has concluded the best way to fix our
economic problems is to keep spending more money than we bring in as a
country.----You say this in jest, but actually President
Obama is right. During bad times, if you haven't bothered to save up an
emergency fund, it is okay and good to spend more than you take in and go into
debt. Our nation has just gone through the greatest recession since the great
depression and because of government spending, suffering was greatly
diminished.During the good times, you should then pay off the
debt.Better yet, a person, a family, a state and a country should
pay off debt AND have an emergency fund, so that when bad times hit then can
spend more than they take in without going into debt.
"It should come as no surprise that a republican controlled government in
Utah is often considered the most financially well run state in the
country."If being a "republican controlled government"
would always lead to a "financially well run.."then I think
that things might have been different when the GOP controlled the House, Senate
and Presidency for years under GW Bush.
Well some fine Utah conservative boilerplate this. The best thing the country
could do to restore fiscal sanitiy would be to tax the wealthy at rates
approximating the 1940's and 1950's - top marginal rate at 91%. The
country thrived, including the wealthy. Compare this rate to the paltry rate
the wealthy pay today (no doubt including these folks).
Why do conservatives only call for fiscal responsibility when a dem is in the
White House? From Reagan through Bush, repubs have increased the deficit far
more than dems but repubs never complain.I never saw editorials or heard
Faux News complain when Bush ran the deficit to record levels and ruined the
"We call on individuals and business and civic leaders to join us..."Who you should be calling on is Obama and the democrat controlled
senate. They are the culprits."According to the most recent
report of the Government Accountability Office and the Comptroller General of
the United States, 'The comprehensive long-term fiscal projections show
that — absent policy changes — the federal government continues to
face an unsustainable fiscal path.'"It's too late. We
are in a fiscal tailspin as we speak and will never recover. We've
borrowed most of the available money in the world. If the government stopped
borrowing and spending our economy would suddenly collapse. It's just a
matter of time and this will happen because there will be no one to borrow
from... and we can't continue to print money without going into devastating
Let that be a lessen to you small bear, You know do as I say not as I do.
Sound and fury. Mr. Neiderhauser and his accountant friends in the legislature
have just noticed they've been slurping at the Federal trough they hate so
"From Reagan through Bush, repubs have increased the deficit far more than
dems but repubs never complain." Then you had your head in the sand during
the Bush years when lots of Republicans blasted him, including and especially
his own comptroller general who resigned to start warning Americans about the
debt, under BUSH!
The second the federal gov't is unable to borrow more money because their
creditors (ie China, Japan, etc) demand more interest on their investment, ,
"party in the USA" is over. Coming soon to a country near you.
"Together, we issue a plea for fiscal responsibility in an era of federal
irresponsibility."This "era of federal irresponsibility"
has been going on for more than 50 years. The last time the total federal debt
went down instead of up was 1957, under President Dwight D. Eisenhower. So if
you want to play the blame game you'll have plenty of people to target.
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