Deal to avoid government shutdown

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  • 1Infidel APO, AE
    April 11, 2011 9:24 a.m.

    World markets may impose balance on the USA following some big event -some scenarios out there:
    further rise in global monetary inflation, fueled by lax US $ policies;
    the 10-year US Treasury bond loses status as a risk-free asset; investors wont touch it; dwngrade of AAA rating on US govt bonds; interest rate on public debt jumps higher;jumping commodity prices;
    Japan sells US govt bonds to raise fund for rebuilding;
    Seditious George Soros (while shorting the US dollar) proclaims the collapse of the dollar and that GOP is to blame;
    abandonment of the $ as the global reserve currency;
    Arabs halt oil trades in $; China stops buying govt bonds until we restructure entitlements and debt;
    the Fed prints another $1T to buy up more US debt.
    Leading to any of the below following a loss of confidence in US government solvency-
    Paper assets suddenly worthless. Crashes, and closing of the US stock markets. Inflation. Stagflation. Failed businesses. Unemployment. Shortages. Gasoline lines. Street demonstrations. Panic buying. Soaring gold and silver prices. Looting. Martial law. Unchecked gang violence. Collapse and shut-down of US government services and entitlement payments. Atlas Shrugged? Just saying-

  • 1Infidel APO, AE
    April 11, 2011 8:33 a.m.

    All of the media fearmongering about a government shutdown. about who won and who lost, about who got what, all the endless talk about compromise, agreement - useless hype ignoring the underlying economic realities.

    Fiscal discipline will eventually be imposed. The only question is whether we have the political will to do it ourselves, in an orderly, structured way that involves some immediate pain, but which allows us to be the masters of our own destiny? Or whether it will be abruptly imposed upon us by powerful international market forces, in a manner that results in economic misery and social and political upheaval?

    Clearly American politicians lack the political unity, sense, and will to put their own financial house in order. Therefore, we should probably start thinking about the alternative the ways in which fiscal discipline might be imposed on America by the international markets, and what the ramifications are likely to be.

    Fiscal balance will eventually be restored, one way or the other.

    (To be continued)

  • 5 Orem, UT
    April 9, 2011 9:54 p.m.

    What to cut. Let's start with the agencies that are failing. Energy, established to cut dependenc eon foreign oil. Budget now at 40 Billion and we are more dependant than ever. Education, everyone can see their failure. EPA just a business barrier. Congressional perks, make them live by the rules they pass for the peons. Federal Reserve, We own 50% of it anyway and look what it is being used for.Eliminate the IRS by eliminating the income tax and move to a national sales tax which already has a collection mechanism in place that is efficient and free. Cutting just those few bloated bureucracies would save hundreds of billions per year. And stimulate private enterprise job creation.

  • metamoracoug metamora, IL
    April 9, 2011 2:51 p.m.

    Wastintime: Yes

    PS Single fathers can also collect on the EIC.

  • CougarKeith Roy, UT
    April 9, 2011 1:45 p.m.

    They would have kept working, it's a JOKE!!! Most ALL AMERICANS ARE PANZIES! Quit your crying, and just BUCK UP!!! Bite the Bullet, and know what will be coming down the pike sooner or later, all this paper pushing is just making it worse down the road! Kind of like Blaming Hoover! He had the right idea, but a lot of Americans needed a scape goat! He did the right thing for the most part! Let Private industry and VOLUNTEERS take care of the problems and let the government stay out of people's lives! What is wrong with all of you people??? FDR was the MISTAKE! He dragged this country through a deeper depression than the recession was in 29 to 32! Now look at us, "I need this, and the government should give me that, Boo Hoo!" Does my family have it tough, at times, but we make it work with what we have! I'm so sick of every needy American crawling to the government for everything! And I collect Social Security Disability! That is what FAMILY & Charity is for, NOT THE STINKING GOVERNMENT! Get out of our lives!!! Pay the Debt!

  • peter Alpine, UT
    April 9, 2011 1:24 p.m.

    You're right, the State can't even run a liquor store, but at least they recognize that fact and they're shutting them down instead of running them into the ground and its citizens with it, unlike the feds who just keep pumping money into a failed, corrupt program.

  • Anon 64 Oahu, HI
    April 9, 2011 1:21 p.m.

    I turned on my TV yeaterday as I felt it best to follow this issue, and see what the talking heads had to say. Less Bias then I thought and some good information came forth for at least awhile. Then it got so "The Sky is Falling In" my limit of getting worried about something I have no control over is, if its Not Tet and I can Go after its over then I do not get to worked up. However I had my TV On and my Shade Tree Plumber and good Church Brother of 10 years was having trouble getting parts for my Bathroom Sink and Shower.

    Like the Government in the end he worked it out.

    When I heard that part of this was over funding for PP and others like them, my Broken Heart Soared. At last someone was standing up and doing somthing about the Murder Of the Unborn.

    The Troops will in the end get paid. However many things Troops buy are paid for by Auto Bank Draft. The Draft is Automatic weather the Money is there or not. They get Charged way extra if the Draft Bounces. So Pay needs to be ontime.

  • a bit of reality Shawnee Mission, KS
    April 9, 2011 1:13 p.m.

    This budget might be a symbolic victory towards limited government, but the fundamental problems won't be fixed until the general population becomes willing to deal with the big issues.

    Here is what I do:

    1- Cut military spending by 50% and pull out of Iraq, Afghanistan, Libya, Germany, South Korea, Japan, Israel, etc. Our military should fight in declared wars, not try to save the world.

    2- Increase the social security retirement age.

    3- Overhaul the U.S. medical system by providing all U.S. citizens with a *predefined*, *limited* , and *basic* amount of healthcare. Citizens should be entitled to *basic* healthcare, in the same way they are entitled to basic level education. For health care beyond that basic level, everyone would be free to turn to the free market. This would fix Medicare and stop the spiraling costs of healthcare.

    That would be a good start to addressing the real issues.

  • Brother Chuck Schroeder A Tropical Paradise USA, FL
    April 9, 2011 1:03 p.m.

    Good afternoon. Here's my "Rants n Raves" again Utah. The bipartian agreement will slice $38.5 billion in federal spending, but Rep. Allen West says that's not enough. So he says he will vote against the measure when it arrives in Capitol Hill sometime next week. Congress approved a stopgap measure after the budget deal to keep the federal government operating until final details in the budget deal can be hammered out. "It's all about the money," said West (R-Fla.). House Speaker John Boehner and President Barack Obama are hailing Friday night's last-minute budget deal that averted a government shutdown. But Republican Rep. Michele Bachmann is not a fan of the agreement that will slice $38.5 billion in spending, calling it a "disappointment." Americans who expected $100 billion in cuts, who wanted to make sure their tax dollars stopped flowing to the nation's largest abortion provider, and who wanted us to defund Obamacare got squat again. Obama said today that Americans are just going to have to get used to higher gas prices. To which Dick Cheney said, "That's change I can believe in. I like this Obama guy."

  • awsomeron1 Oahu, HI
    April 9, 2011 12:56 p.m.

    I want the Abortion to STOP!!

    If you have to shut down the whole U.S. Government in order to accomplish that, then please do so.

    I want the funding to PP and people like them to be severly cut.

    Get a Copy of Juno and you will see what I mean. The scene in the Abortion Clinic was so on the money. The little Asian Girl ( from Gilmore Girls) standing out side with her sign fighting the good fight. Planting the seed in the Mircale Grow that would save Not One but two lives. Also note the support from Junos father and stepmom.

    I was a Troop for 8 years we went through this a couple of times, we always got our money.

    Troops today are much better paid, much better housed in most areas and much better taken care of. Troops move as a unit so you do not have to clear your housing and figure out where family is going to stay.

    Some Troops live on the edge payday to payday, Paying back the 30% Payday loan and taking out another.

    Those places need to be Off Limits.

  • Lone Ranger Tooele, UT
    April 9, 2011 11:27 a.m.

    Obama has again displayed great skill in his poker playing ability. His lead in dealing the senate a budget which is mauch more than he wanted is a stroke of genius. While congress and the American public are lying on the ground in gesticulating spasms of denial over the trillion dollars in interest alone that this budget generates, he later rescinds this amount to one which sounds more logical in comparison. This method of five card stud is similar to the king sentencing an errant subject to the guillotine, but later recants and reduces the sentence to merely chopping off an arm and a leg. When the real interest is much later revealed (in incomprehensible language)to be "only" 3/4 of a trillion bucks in "borrowed" funds, we shall all live happily ever after shouting, "We will obey! We will obey!"

    His next hand wil be to mask his inadequate liberal administration's performance by discrediting any legitimate Republican Presidential contender. Pure brilliance!

    HiO Silver!

  • Wastintime Los Angeles, CA
    April 9, 2011 11:00 a.m.

    one correction: I was using older figures than you.
    I'll explain CBO's (not my) analysis to you.

    Payroll taxes are FICA taxes ie. Social Security, Medicare, state disability(SDI). These taxes are not "returned" to them.

    It is possible that a single mother with 2 children, earning $20,000 or less can take advantage of the Earned Income Tax Credit and the Child tax credit to effectively wipe out the amount she paid in payroll taxes. Is this the demographic you are worried about? Do you believe we ought to take more money from the children in this family?

  • Chuck E. Racer Lehi, UT
    April 9, 2011 10:52 a.m.

    "Historic," we got the government funded for another week. That makes history! Yeah, right.

  • KM Cedar Hills, UT
    April 9, 2011 10:44 a.m.

    boring guy 11:44

    I will choose number five, but without the rise in taxation. We the people are overtaxed not under taxed. We need, as a nation, to live within our means.

    Cut it all, cut it now!!!

  • one vote Salt Lake City, UT
    April 9, 2011 10:34 a.m.

    Tea party has now run it's course. With Trump at the helm the rudderless barge will get lost at sea.

  • metamoracoug metamora, IL
    April 9, 2011 10:07 a.m.

    Wastintime: People who work have payroll deductions, but a substantial percentage of these folks get the entire amount they paid in returned to them -- sort of a one year interest free loan to the government. Thus, if these people are included, 48% pay no income tax. Sales tax can't be included in a discussion of the federal deficit because it is almost exclusively for state revenue.

    Although I despise Illinois political leadership (oxymoron?) I am coming to like the tax system: a)here's what your income is; b)times that by .05, this is your tax liability; c)here's how much was withheld; d)subtract c from d and send in the difference.

  • Noodlekaboodle Salt Lake City, UT
    April 9, 2011 10:05 a.m.

    @ Peter, You really want the state running all federal programs...... The politicians in this state can't even figure out how to run a liquor store. How would they manage everything the feds currently do?

  • JNA Layton, UT
    April 9, 2011 10:04 a.m.

    These are politicians who know their numbers are tanking. Please do not get sucked into the lie. They knew all along that they were not going to shut down the govt but waited until the last moment so they could have all the drama and try and send us the message they are working hard. This was nothing more than smoking mirrors on both sides of the isle. Democrat,Republican, Independent. They are first and foremost politicians. please do not believe them.

  • jimhale Eugene, OR
    April 9, 2011 9:43 a.m.

    It is a measure of the bias of the news media that there was even any coverage given to the possibility that a shutdown would work to the political detriment of the Republicans.

    The Democrats could have ....and darn well should have.....passed this budget in September....before the start of the federal fiscal year on 1 October.

    They had all the power then, but failed to do the duty of the Congress.

    That should have been the only thing the GOP leaders talked about from the election until about 10:OO pm last night.

  • FDRfan Sugar City, ID
    April 9, 2011 9:34 a.m.

    We averted a shut down, now what? Before discussing more cuts we need to do 2 things: 1) exempt our soldiers from any harm that could be caused by a budget impasse; 2) put the Bush cuts back on the table. Restructure the new tax reductions so that it is geared to small businesses and the middle class. We need an open discussion of whether the Stanford Harvard economic paradigm really is good for America. An unregulated capitalistic system, void of safety nets, that unfetters the secret hand that lifts us all, leads to civil unrest and revolutions. Who can function and think clearly when he has to depend on handouts to feed his family or rely on a merciful doctor to cure his dying child. Perception affects our attitudes almost as much as reality. It is like the sophomore at Mountain Brook High School being depressed because she had to drive a new Honda when her peers drove Porsches and BMWs. The middle class must step up and stop our rush to the top in income distribution or the rush to Sodom and Gomorrah morally.

  • silas brill Heber, UT
    April 9, 2011 9:24 a.m.

    What a bunch of theater.

  • Wastintime Los Angeles, CA
    April 9, 2011 9:24 a.m.

    FYI Madden and others:

    Planned Parenthood performs pap smears, breast exams and other tests to detect cancer.

    I think all women should vote out these old (and young) white conservative men who don't have a clue about women's health issues.

  • Wastintime Los Angeles, CA
    April 9, 2011 9:01 a.m.

    If the Republicans were serious about the deficit they never would've pushed to extend the tax cuts on higher levels of income. That would've saved $69-$70 billion just this year, not counting the interest we will pay to finance the upper-income tax cut.

    In its January report, The Budget and Economic Outlook: Fiscal Years 2010 to 2020, the CBO projects that a full extension of the Bush tax cuts, plus a permanent fix to the Alternative minimum tax, will cost $3.7 trillion over 10 years.

    re: metamoracoug
    Actually, the figure is 38% of Americans pay no INCOME tax.
    Everyone who works is liable for payroll (gasoline and sales)taxes. The Congressional Budget Office found that earners in the lowest quintile, where most of those with no income tax liability fall, shouldered 4.3 percent of the payroll tax burden in 2005 and 11.1 percent of the excise taxes. Their effective tax rate (which is calculated by dividing taxes paid by total income) in those categories, according to the CBO, was in fact significantly higher than the rate of the top quintile. (factcheck)

  • mohokat Ogden, UT
    April 9, 2011 8:34 a.m.

    And what a relief Obama can now leave for another taxpayer funded vacation.

  • peter Alpine, UT
    April 9, 2011 8:30 a.m.

    History has long proven that the feds can't be trusted with taxpayer dollars. The farther away from home our taxes go, the less accountablility the citizens get re: money spent. All federal programs can and should be run at the state level. The feds just waste taxpayer wages under the pretense of taking care of its citizens. Einstein said it best that we can't solve problems with the same minds that created them. We as a nation are becoming weak because we can't stand on our own feet anymore. We don't want to leave home, rather we want mommy to take care of us till she dies. Then what?

  • Madden Herriman, UT
    April 9, 2011 8:18 a.m.

    Right, Harry Reid is a stand up guy....because of course the GOP wanted to kill women by unfunding cancer screenings. What an honest fellow! These politicians all need to go. Grandstanding almost cost a lot of people a lot of heartache.

    Thank goodness this was avoided. This time.

  • pragmatistferlife salt lake city, utah
    April 9, 2011 8:11 a.m.

    My2cents "The Republicans had no choice but to put Obama on notice that the treasury is not a private bank account for his personal use." Really, his own private bank account?

    AT, we've run out of foreigners to buy our debt?? The treasurey bond market especially in Asia has hardley moved at all and then only in response to employment numbers. Your statement NOT TRUE. We are buying some of our own bonds but a whole different issue has nothing to do with no other buyers.

  • T. Party Pleasant Grove, UT
    April 9, 2011 8:06 a.m.

    It's a start. We still have far to go.

    Leave it to Obama and Reid to take credit for this. Remember, Obama's own budget didn't propose these cuts. Reid accused the opposition of pursuing budget cuts in order to kill women. Neither had the courage to do this in a timely manner last year, when their party had control of the government. They were dragged to it kicking and screaming.

    So, yeah. Whatever.

    The point is, the first step has been taken. Now we have to consider the failing entitlement programs, which are destroying our national solvency. If they are to be saved, they will have to be reformed. There aren't enough rich people to save these programs, no matter how high we set the tax rate.

    Good thing we have a few people with courage in government. We need many, many more. Keep in mind that there are still weasels who need to be thrown out, and 2012 is a good year to do it.

  • Bebyebe UUU, UT
    April 9, 2011 7:50 a.m.

    My2Cents, so you were happy with Bush's deficits?

  • FreeMan Heber City, UT
    April 9, 2011 7:45 a.m.

    This is nothing. Americans have no idea the kind of pain we need to inflict upon ourselves to save the country. I guess we will just have to learn the hard way. Try cutting 50% of all entitlement programs, and you might have a chance. For example, we spend trillions in health care, and for what? Our mortality rate is increasing anyway(recently). We should return to traditional values, take care of our seniors in the family. If you can afford to keep yourself alive with expensive treatments that, in the end, add maybe a few years to your life, go for it. In other countries, they do not have this obsession with mortality. I know I've wandered a little off topic, but it is relevant to the budget crisis in this country.

  • metamoracoug metamora, IL
    April 9, 2011 7:31 a.m.

    Christy: I agree, the conversation needs to change. Fixing the deficit should hurt everyone: wealthy need to pay more, but 48% of Americans pay no income tax. Why are they not paying their "fair share?"

    Boringguy: Here's specifics:

    1)the US provides about 25% of the UN's operating budget. It's time to let some other folks pick up more of the tab.

    2)disability payments have skyrocketed in the past decade because the rules and regulations are to vague and tons of people with "back injuries" and depression have filled the rolls. Clamping down in this one area could save the government as much as Congress cut from the budget last night.

    3)cut military spending. This would require us to no longer be policeman for the world and drastically cut back our involvement overseas. At present this step is an economic necessity.

    4)Chuck obamacare. It has cost millions already just to gear up for this approaching medical disaster.

    5)Eliminate the Departments of Education and Energy. Started under Carter, these two departments have done nothing to resolve crises in either education or energy but cost us billions annually.

  • mohokat Ogden, UT
    April 9, 2011 6:57 a.m.

    Here is what we have learned through this crisis. The Commander In Chief vowed to veto a bill that would have payed the troops through fiscal 2011. But he would not agree to defunding planned parenthood. In other words he would not fund the troops but would fund the killing of babies. I am trying to figure out(as a Veteran) how much hate I can muster.

  • Mountanman Hayden, ID
    April 9, 2011 6:55 a.m.

    The Republicans got the best of the Democrats and Obama on this round! Imagine that, politicians doing what they were elected to do by the people in the last election: stopping the government from destroying our economy any further by their out of control wastefull spending! Next task: get rid of Harry Reid, gain control of the Senate and make Obama a one term President and watch the economy soar! By the way, if gasolone prices remain high or continue to climb, Republicans will win in landslides in the next election, soundly rejecting Obama's no drill energy policy, windmills notwithstanding!

  • Gentile brookings, SD
    April 9, 2011 6:43 a.m.

    To BoringGuy: you nailed it. I am impressed by your simplicity of answer. Now we wait with baited breath for the next round. Yee gads.

  • My2Cents Kearns, UT
    April 9, 2011 3:46 a.m.

    Wait a minute, the republicans were right to shut down Obama who has by his own actions put this country in to bankruptcy. The Republicans had no choice but to put Obama on notice that the treasury is not a private bank account for his personal use.

    The Obama administration and the Democrats are the guilty party and the tragedy of this nation. Obama had to be stopped, even if it meant to shutdown government.

    Now I can't believe the news media is crediting Obama with this cost cutting budget that the republicans created and stood their ground to get approved. Obama is the criminal here, not our congressmen. You democrat welfare freeloaders should be ashamed to call yourselves americans, you are pathetic and part of the economic disaster.

  • rvalens2 Burley, ID
    April 9, 2011 2:07 a.m.

    By focusing our attention on this battle over a paltry (by comparison) 38 billion dollars the Republicans, Democrats and the President have diverted our attention from the real problem ... our 14.26 Trillion Dollar National Debt.

    That's $45,979.00 for each and everyone one of us.

    And yet we continue to argue amongst ourselves, pitting Republican talking points against Democratic ones. It's time for us to all wake up and understand the real financial peril the government has put us in.

    In the history of the World, no government has ever spent or owed so much money. In the end, it will collapse and when it does I hope we all remember how they suckered us into thinking they were really doing something about the debt.

  • rvalens2 Burley, ID
    April 9, 2011 1:53 a.m.

    They cut 38 Billion dollars.

    The U.S. National debt is 14,260 billion versus the 38 billion they cut.

    In truth, it's but a few drops taken out of a tsunami of debt which in the end is going to devastate the U.S. economy.

    The U.S. National Debt increases by 4 billion dollars each day. That means they only cut the equivalent of 9 days worth of the debt.

    (Statistics comes from the U.S. debt clock.)

  • Christy Beaverton, OR
    April 9, 2011 12:01 a.m.

    Why are we only asking, how much spending needs to be cut? and not, "why arent some of the most profitable corporations in the history of the world skating by paying zero taxes?" and not, "why are the wealthiest Americans enjoying historically low tax rates during a historically high budget deficit?"

    Are all you Obama haters going to vote for Trump in 2012?

    The conversation in this country needs to change.

  • AT Prospect, KY
    April 9, 2011 12:00 a.m.

    Shut down postponed, not avoided. Sorry kids, not if but when. We've run out of enough foreigners to buy our debt, now we're printing and buying it ourselves (get that, we're buying our own debt!!!). Seen what's happening to the price of silver, gold, food, oil, (just about everything)? The dollar is going down the tubes. If you think the fed. govt. is doing a good job of managing the dollar, keep holding their dollars in your savings accounts (every month they're buying less and less). If you don't think they're doing a good job, you might start looking for another option (commodities: gold, silver, oil, just about anything).

  • International Cougar Fan Tacoma, WA
    April 8, 2011 11:44 p.m.

    I know some that I work with in the Army were nervous about the getting 50% less for their next pay check. Those families are the ones who the press loves to exploit on TV to try to scare people. Some of us live debt free and the government shutting down would have made little impact other than us getting our pay at a later date. I hope the Federal Government learns to live within their means. It is a great way to live!

  • BoringGuy Holladay, UT
    April 8, 2011 11:44 p.m.


    Okay, I'll listen, what spending would you cut? It's easy to get up here and say you're going to cut spending but I want specifics. Here. I'll give you your choice from some of the largest segments of the federal budget. You have to cut these in order to curtail the deficit in any meaningful way. What would you do?

    1. Defense and homeland security (cutting this category would mean a smaller military and pay cuts to service members and military families)

    2. Health care for Seniors (Medicare)

    3. Retirement security for seniors (Social Security)

    4. The Dept of Veterans Affairs (health care service for those who served the nation and payments to disabled veterans)


    5. A combination of cutting these programs in addition to some tax increases.

    Which would you cut and how much would you need to cut to balance the budget??

  • KM Cedar Hills, UT
    April 8, 2011 11:17 p.m.

    boring guy (spender)

    How bout a novel idea ... quit the insane spending!

    First the politicians spend more than we can afford, and then we here people like boringguy telling us we have an undertaxation problem. In the business thats called a 'set up'.

  • BoringGuy Holladay, UT
    April 8, 2011 10:47 p.m.

    @Patrick Henry

    We may consider raising taxes in addition to cutting. Just a thought. If you're serious about fixing the debt, everything must be on the table.

  • Patrick Henry West Jordan, UT
    April 8, 2011 10:35 p.m.

    Its not enough. Everyday that we run a deficit represents another day where it proves we have not cut enough.

  • Christy Beaverton, OR
    April 8, 2011 9:37 p.m.

    Crisis averted. For now.

    $40 billion in cuts agreed upon and the tea partiers are now vowing to get rid of Boehner for 'compromising'.

    I'm really looking forward to 2o years in the future when we look back on this long gone ridiculous caucus and can have a good laugh.

  • Emajor Ogden, UT
    April 8, 2011 9:30 p.m.

    We almost shut down the government over $37 billion dollars? That's what, about 1% of the total federal budget? Can you say "political posturing"?

  • fresnogirl Fresno, CA
    April 8, 2011 9:18 p.m.

    That's a relief. My nephew just returned to Germany from Afghanistan. They were told that if the government shut down, they would still be expected to work, the chow hall would be closed AND they would not be paid. (Which makes it kind of hard to buy food). WHEW!

    I like that they are cutting Billions out of the budget. They should try to do that every year.

  • BoringGuy Holladay, UT
    April 8, 2011 9:10 p.m.

    I can't believe how hard the Republicans pushed to shut down the government. Then they tried to use necessary military spending for our defense to manipulate the system to push the Tea Party agenda through Congress.

    This is not good government and Ronald Reagan would not approve of the behavior by the Republicans today. What they're trying to do is wrong.

    I say throw the bums out! Enough of the Tea Party Already!