Comments about ‘Letter: More debt’

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Published: Sunday, Dec. 15 2013 12:00 a.m. MST

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marxist
Salt Lake City, UT

"Why can't we stop Congress from borrowing more and more money?" Why does the Federal debt exist? Because the congress is unwilling to tax to cover expenditures. Why is that the case? Because the wealthy and corporations have insisted on long run tax cuts for themselves beginning the 1980's. To be sure, expenditures could have been cut to match but we could not agree on what to cut. Actually, the wealthy and corporations quite like the current debt setup because they loan funds to the Federal government for which they are repaid with interest. This is an arrangement made in heaven for the rich, i.e. top 1%.

We should appreciate that government debt is not like household debt, that is nobody is going to show up on Ellis Island and throw us out of the country. Moreover, most of the debt is owed domestically. But in a very real sense we are slaves to these wealthy interests to which we must make interest payments in every increasing amounts. The solution? Restore upper bracket personal rates and corporate rates to 1950's levels.

RBB
Sandy, UT

We cannot stop Congress from borrowing and spending more money because we are no longer a moral people. We have no problem with stealing from our children. We cannot take out a credit card in our children's name - that is identify theft. Therefore, we let the government do it for us. To balance the budget we would either have to have the rich pay more taxes and the 48 percent who pay no federal income tax actually start contributing or - the horrors - cut federal spending. Since neither is realistic, we will just keep stealing from our children. The recent budget deal shows that both the Republicans and Democrats agree. Why sacrifice our children to BAAL? We need to keep them alive so we can keep mortgaging their futures so we can get benefits from the government.

Thid Barker
Victor, ID

One word: Entitlements! Can't pay for them because the government ran out of other people's money to spend which is why they are borrowing from our grandchildren with a $17 trillion national debt which will likely be over $20 trillion by the time we choose another President. Every time any conservative suggests the government lives within it means, liberals have a 10 alarm hissy fit and Americans vote for politicians who promise more entitlements.
Who cares about our grandchildren as long as I get MY entitlements! Greed anyone?

embarrassed Utahn!
Salt Lake City, UT

"It is unprecedented looting, plundering and money laundering."

Sounds like the 8 years our country suffered under Bush/Cheney/Halliburton. Freedom Spreadin', cost-plus bids for Dick's friends at Halliburton, and Corporate Welfare for many, many of their buddies almost drove our nation to the brink!

They also ruined our Nation's status world-wide. With the election and re-election of President Obama we're on our way back! Whew! I'm so happy we have--as a nation-- realized that "Republican leadership" is an oxymoron. Maybe Utahns will figure it out and we can have some real leadership on pressing issues here...like that brown air.

The Taxman
Los Angeles, CA

It sounds like right-wing talk radio has this letter writer all hyped-up. Since the answers to the his first two questions are "no", further discussion is unnecessary.

dave
Park City, UT

"To begin a new discussion, take action and demand Congress..."

How about we begin a new discussion without the hyperbole demonstrated in the first two paragraphs.

JoeBlow
Far East USA, SC

We hear how the debt has skyrocketed under Obama. But, lets look at the realities. These are not opinion, they are fact... easily verifiable.

Compared to the Bush years, yes, the deficit has accelerated. Why? Primarily 2 things
1) revenue (i e tax receipts are down
2) MANDATORY (not under the control of the president) are escalating

This is where the increase debt is coming from. And it would have been exactly the same under Romney or McCain.

It is primarily driven by people getting older. People becoming medicare eligible.

I talked to a far right friend of mine. I told him that the primary driver of the debt going forward was SS and Medicare and medicaid. He let me know that he paid for those things and deserved to receive what was promised him. What he doesn't realize is that everyone is in the same boat. A 50 year old today will expect the same thing. As will a 40 year old.

However, he was certainly unable to comprehend that what he received was the growing problem.

And, it was all Obamas fault, regardless of the facts.

Ultra Bob
Cottonwood Heights, UT

If we would control and limit our government cost, we need to start at the lowest level of government first. Theoretically that’s where we would have to most power to make changes.

All of government spending is tied to commercial business profits. To the extent that we allow business interests to control our government we lose the ability to control our government debt.

Our greatest huddle is the loss of voting power imposed upon us by politicians loyal to business interests. Voting needs to be simple and easy to do. It needs to be dependable and not subject to manipulation. It needs to be done at the convenience of the voter in a place convenient to the voter, home.

Only if we remove the control of business will we be able to control who and for what our money is spent.

Shaun
Sandy, UT

Our monetary system is debt based and the debt is designed to get bigger and bigger. The only way we can change it is to change our monetary system.

Ernest T. Bass
Bountiful, UT

Military spending is what is out of control. "Entitlements" aren't the problem.
The F-35, that doesn't work, is going to cost at least one trillion dollars. Why does the right wing think it's just fine to spend money on new ways to kill people on the other side of the world while taking care of US citizens is somehow the wrong choice?

Alfred
Phoenix, AZ

"Why can't we stop Congress from borrowing more and more money?"

US House Republicans tried to stop Congress... but, alas, they got slapped down by Democrats Barack Hussein Obama, Harry Reid, and Nancy Pelosi.

"To begin a new discussion, take action and demand Congress propose a bill that if they continue to increase our national debt, they will no longer receive taxpayer-supported armed protection nor will they be immune from civil prosecution."

Too funny! You're forgetting that Congress makes the rules.

@marxist:
"Why does the Federal debt exist? Because the congress is unwilling to tax to cover expenditures."

Not so. The debt exists because the federal government refuses to stay within a budget.

"The solution? Restore upper bracket personal rates and corporate rates to 1950's levels."

Do that and the economy will go into an immediate and fatal tailspin. Barack Hussein Obama knows this. That's why he'd rather the government borrow and pass the debt on to our children and let them worry about how to pay for it. Clever guy this Barack Hussein Obama.

wrz
Phoenix, AZ

@embarrassed Utahn!:
"Sounds like the 8 years our country suffered under Bush/Cheney/Halliburton."

Friend, the national debt under Obama exceeded the Bush debt increase. In fact, Obama's debt increase exceeded all the debt of all the presidents put together.

"They also ruined our Nation's status world-wide. With the election and re-election of President Obama we're on our way back!"

Where you gettin' this stuff? Obamacare will sink this nation. Get ready.

@Shaun:
"The only way we can change it is to change our monetary system."

Change it to what... bitcoins?

RBB
Sandy, UT

JoeBlow,

When Clinton left office the federal budget was $2 Trillion in inflation adjusted dollars. It is now well over $3 Trillion. Bush and Obama have spent us into oblivion. Yes entitlement spending has skyrocketed. Why? Bush decided to hand out prescription coverage and passed one of the largest entitlement increases in history. Obama has dramatically increased the number of people on food stamps and has opened the flood gates on Medicaid. In many states the number of people signing up for Medicaid has exceeded the number signing up for health care policies under Obamacare.

The greying of America is only going to make matters worse. We simply cannot afford to give handouts to everyone. The only hope is to start trimming entitlement spending - but no politician wants to do that because they will look mean and lose votes.

In the mean time, the future of our children gets dimmer and dimmer.

pragmatistferlife
salt lake city, utah

"How about we begin a new discussion without the hyperbole demonstrated in the first two paragraphs."

Hyperbole? "Bush and Obama have spent us into oblivion". Hey folks we've been obliterated. How about that we're gone, not here. Wow how'd I miss that.

"The debt exists because the federal government refuses to stay within a budget".
So it doesn't matter how much the budget/proposed spending is, as long as we don't exceed that amount we won't add to the debt?

"Obamacare will sink this nation." Obamacare has what to do with the "out of control debt"?

"The greying of America is only going to make matters worse. We simply cannot afford to give handouts to everyone. " SS and Medicare are handouts? Recipients weren't taxed for these in their working years?

There's plenty of demographic and fiscal facts to drive discussions about government spending but the facts also include realities of the debt Marxist points out and the real financial condition and needs of our society.

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