Comments about ‘Letter: Take this case’

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Published: Wednesday, March 19 2014 12:00 a.m. MDT

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Roland Kayser
Cottonwood Heights, UT

Conservatives always say to have faith in the free market, yet the one market that they completely distrust is the bond market. The bond market says that U.S. government debt is the highest quality asset on the face of the earth. Investors are actually accepting a negative real interest rate on our bonds. They are loaning us money for free.

Come on conservatives, is the free market totally wrong on this? Or are you?

JoeBlow
Far East USA, SC

"Will we voters have the courage to tighten our belts and avoid a national bankruptcy?"

Nope. And whats worse is that some will call it patriotic.

One party wont allow us to cut military spending and neither party will actually cut medicare and SS (or raise the taxes to make them solvent)

SS and medicare make up over 70% of what people call "entitlements"

Without touching those, everything else is window dressing.

isrred
South Jordan, UT

"A nation continues to make loans with no attempt to make payments"
Why must conservatives lie to try and make their point? The United States most definitely is making its payments on its debts. To say otherwise is factually inaccurate.

pragmatistferlife
salt lake city, utah

You beat me to it isrred, but your point is very, very, important. If we weren't making our payments would the bond market still be alive and well?

It's funny how patriotism works. The right makes unfounded and outright false statements about the efficacy of our government all the time waving the flag and calling themselves patriots, while many of we socialists who they rail against continue our trust by buying government (mostly local) bonds that allow our communities and nation to build and to continue to progress.

If an alien came down and was given the facts who do you think they would call a patriot?

Mike Richards
South Jordan, Utah

What is "full faith" in the dollar? Doesn't that require that revenues equal expenditures, or even that revenues exceed expenditures so that past debt can be repaid? Would you loan $80,000,000,000 a month to a country that is only collecting 50% or 60% each year of the money that it spends? That's what is happening in America. Expenditures exceed revenues. That is a sure path to bankruptcy.

We're spending more than $1,000,000,000 a day to import oil when we have more than enough oil in Utah, Wyoming and Colorado to meet our needs for 200 years. If that oil was brought to market, not only would we not be sending $1 Billion a day to the Middle East, but we would be collecting millions of dollars a day in tax revenues. Not only that, but the military would not have to be used to protect shipping lanes to get Middle East oil to America.

No bank would lend money to you or me if we handled our money like the President and Congress is handling our public money. There is no faith in the current administration.

Tolstoy
salt lake, UT

@ Mike: "There is no faith in the current administration."

And yet, the current administration is handling money better than the previous administration.

Why did you have faith in the previous administration and yet have no faith in the current one? Could your faith (or lack thereof) be based on something other than reality?

JoeBlow
Far East USA, SC

"we have more than enough oil in Utah, Wyoming and Colorado to meet our needs for 200 years."

That could be technically true. But it is currently NOT a technically viable option and may never be. It is certainly not financially viable today. Additionally, the water necessary for the process is not available.

So, while your point could be considered technically true, it is misleading at best.

Irony Guy
Bountiful, Utah

We are gradually paying down the debt now, just as you would do if you had been hit with some serious debts. After Bush tanked the economy and spent a bunch of money he didn't have on wars, we had to borrow a few bucks to keep going. Just as you would do in an emergency. Yes, it has to be paid off. We could go on an austerity binge and strangle the economy now, or we could gradually pay it down. Seems to me Obama's approach is just right.

JoeBlow
Far East USA, SC

"We are gradually paying down the debt now,"

Actually, I believe that we are just incurring more debt at a reduced level.

I cant see a time when we begin to pay down the deficit. Last time we were in a position, ie surplus, president Bush, sent all Americans a check for the overage, as if it were a tax refund.

In order to pay back the deficit, we will have to take in more money than we spend, and use the difference to reduce the deficit. I wont hold my breath...

4word thinker
Murray, UT

Isred

Where does the author say he is conservative?

No where!

Are you sure you not just seeing red?

pragmatistferlife
salt lake city, utah

Mike, "We're spending more than $1,000,000,000 a day to import oil when we have more than enough oil in Utah, Wyoming and Colorado to meet our needs for 200 years. If that oil was brought to market, not only would we not be sending $1 Billion a day to the Middle East, but we would be collecting millions of dollars a day in tax revenues."

Nice talking point but absolutely false. This would only be the case if we were the highest bidder for the oil or we nationalized the oil industry.

Which will you choose, $10..> a gallon gas or outright socialism?

Mike Richards
South Jordan, Utah

pragmatistferlife,

Where do you get your information. It isn't substantiated by the facts.

"(CNSNews.com) - The Green River Formation, a largely vacant area of mostly federal land that covers the territory where Colorado, Utah and Wyoming come together, contains about as much recoverable oil as all the rest the world’s proven reserves combined, an auditor from the Government Accountability Office told Congress on Thursday."

Believe it or not, oil is being produced from those fields. My family has a small share of an oil well in eastern Utah that has been producing for over 15 years. That is the oil that Flying-J and other companies have been selling to us, not at $10 a gallon, but at market prices.

Hutterite
American Fork, UT

Mike,
How much of the green river formation is recoverable now, and if the technology existed what would the price of oil have to be to make it profitable to recover more?

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