US gov't runs $1.3 trillion budget deficit in 2011

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  • Iron Rod Salt Lake City, UT
    Oct. 15, 2011 5:05 p.m.

    I gave a lot of hints.

    I guess it is difficult to admit it.

    Dick Cheney Vice President of the United States/

  • Hemlock Salt Lake City, UT
    Oct. 15, 2011 9:05 a.m.

    Question: Any question you want to ask.
    Obama's answer: It's either the tsunami, the Arab Spring or Bush's fault.

  • Rob Logan, UT
    Oct. 15, 2011 8:53 a.m.

    We have plenty of money to fund medicare, etc. We just need to cut out the pork barrel spending. Bills go through all the time where there are add on's. The politicians add extra things to bills to fund their special projects. If we would have every bill be about just that one item we would really see how much we could save. We could also save by putting in safeguards to protect against fraud.
    I bet half the country has the common sense to balance the Country's budget. It is too bad that as citizens we can't go in and have small teams take one small part of the budget and fix it.

  • Fred44 Salt Lake City, Utah
    Oct. 15, 2011 7:05 a.m.

    Its a great economy, corporation are making record profits. CEO's pay was up over 20% in the last quarter, oil companies set no records for profit every quarter, the cost of a barrel of oil is down 20% and the cost of a gallon of gas has not changed. If we could just give the wealthy another tax cut so they could afford to create those jobs the republicans have been promising they would create with the Bush tax cuts things we will all work out. We promise this time the tax cuts will not be used to increase CEO pay and corporate profits we will really create jobs, trust us.

  • mohokat Ogden, UT
    Oct. 15, 2011 5:50 a.m.

    Boo Hoo it is not Obamas fault. That evil George Bush is the problem. Wah Wah Wah. Who has been in charge the last three years? Has it gotten any better? Are we better off now? No and NO! Put down the Kool Aid and quit blaming Bush. Obama has been driving the Bus. You know the one that Repubs have to sit in the back. Obama and Solyndra are the examples. Obama has guided the Gov. money to those who can filter it back to him and the Dems.

  • Iron Rod Salt Lake City, UT
    Oct. 15, 2011 5:31 a.m.

    Selective Amnesia

    I have a question for my conservative brotheren who post on this board.
    Who said "Deficits do not matter"?

    Come on you remember or are you embarassed to say who.

    I will give you a hint. He was given an Honorary Doctorate from BYU.
    At that time he was the hero of many people in Utah. When people protested they were considered UnAmerican.

    Another hint for those of you who listen to Russ Limbaugh. He recently was on the program bad mouthing the Obamma Administration for being unable to reign in the deficit.

    last hint google "Deficits do not matter' and you will find which revered conservative in the previous administration uttered those words when he was in charge.

    Is there anyone who does not know or do you suffer from selective amnesia also?

  • atl134 Salt Lake City, UT
    Oct. 15, 2011 1:57 a.m.

    @lost in DC

    I said balance the budget. Ryan's plan adds 5 trillion to the deficit over the next 10 years which is distinctly not balanced. The people hated it so much that the Democrats picked up one of the hardest seats in the nation for them (that rural New York one that even voted for Paladino despite Cuomo winning by over 20 points). Republicans have not been keen on anything like the Ryan budget since then and play the balanced budget amendment card hoping the voters won't ask questions like "well if this is so important to you then why don't you propose a balanced budget right now?"

  • Truthseeker SLO, CA
    Oct. 14, 2011 10:17 p.m.

    "Clinton's tresasury secretary and SEC head refused to regulate derivatives in 1997!"
    Yes, we can agree. So will Republicans now join Democrats to regulate derivatives? Or, as an alternative, institute a tax on financial transactions to reduce speculation?

    The housing bubble may have started late 90's but really caught fire when Bush became Pres. Republicans were in control Jan. 2001-Jan 2007. They were in charge of the committees, the calendar and the legislation to be voted on. They can try to blame Barney Frank/Chris Dodd all they want except Republicans never brought a bill forward to be voted on and there is no record of Dems filibustering a bill involving Fannie Mae/Freddie Mac during that time either. Barney Frank didn't insist Fannie/Freddie lower their lending standards. FMFC lowered their lending standards to keep up with what other institutions, (private mortgage companies etc) were doing in order to maintain their market share.

    I agree that both parties bear responsibility. De-regulation definitely increased during Clinton's tenure.

  • Truthseeker SLO, CA
    Oct. 14, 2011 8:21 p.m.

    "This is not a moment for government to be cutting back. Right now were watching state governments try to balance all of their budgets at the same time in the middle of this crisis. Weve seen half a million public sector jobs disappear. Now, if these were good times, I would applaud that. We need to see a thinner public sector especially at the state and local level. But were seeing what happens when you do that as an anti-recession measure and you make the recession worse. And even though were in a technical recovery, incomes and employment all of that remains lagging for people I think that weve rediscovered in this crisis something that I think we all knew. Which is, theres a reason why the people of the 1930s built some kind of minimum guarantee unemployment insurance, health care coverage and things like that. And its not because they wanted to be nice. Its because in a crisis when people lose their jobs, if there is no social safety net they loose 100 percent of their purchasing power."
    David Frum, speech writer for Pres. Bush

  • David Centerville, UT
    Oct. 14, 2011 5:11 p.m.

    How many Americans have extra money sitting around that they want to send to Washington to help pay the INTEREST on our governments debt?

    This is outrageous. $227 billion spent on interest. Any politician that is proposing additional spending, even during this poor economy, should be forced to find a new job in the private sector. There should not be any new spending, only reductions in spending.

    The president and legislators must look honestly at our position and eliminate spending as much as possible. As citizens we must educate ourselves on what services are truly needed and then exercise our power and right to vote.

    Renewable energy investment is a great place to stop investing tax payer money. If it is a viable business, then let private investors fund it.

    There are many places to cut spending. Lets do it.

  • Hank Pym SLC, UT
    Oct. 14, 2011 4:59 p.m.

    re: DeltaFoxtrot | 2:07 p.m. Oct. 14, 2011
    West Valley, UT

    "I won't blame Obama for putting us in this mess, I will blame him for not doing anything to get us out of it. Restarting a stalled economy takes time, but every measure he tried failed miserably."

    It takes time but Obama's plan has less time to get traction?

    Everything he has done has failed? Thats a real trick when you believe he hasn't done anything?

  • lost in DC West Jordan, UT
    Oct. 14, 2011 3:39 p.m.

    the repubs DID put forth their plan - the Ryan budget last spring, but of course, the demagogues demagogued it to death.

    been listening,
    the housing bubble may have burst during bush's term, but the seeds for the bubble were laid during the clinton administration and fertilized by barney frank who insisted fannie and freddie lower their lending standards. Clinton's tresasury secretary and SEC head refused to regulate derivatives in 1997! The former SEC head has since acknowledged his mistake and apologized.

    Also, the budget was never balanced during the clinton administration. the treasury was still raiding the SS trust fund. Gross federal debt INCREASED every year during the clinton administration. You cannot have a surplus if the gross federal debt is increasing.

    You say blaming BO is "rediculous"? BO himself said if he didn't have it turned around in 3 years he was a one-termer. We are 3 months short of 3 years. When CAN we start blaming him? Oh, I know, never. Because if, heaven forbid, BO is re-elected with a filibuster proof majority in the senate and 400 dems in the house and the economy's still a mess in 2015, it's still bush's fault!

  • Rifleman Salt Lake City, Utah
    Oct. 14, 2011 3:22 p.m.

    RE: atl134 | 2:08 p.m. Oct. 14, 2011
    "I wonder if any Republicans .... would be willing to outline their plan as to how to balance the budget"

    For starters we should develop our vast oil and energy resources so we wouldn't have to pay for foreign oil.

    Next axe unneeded federal agencies and departments with their associated federal employees, eliminate all bonuses for federal employees, and remove federal assistance for able bodied citizens.

    On day #2 .......

  • Mountanman Hayden, ID
    Oct. 14, 2011 2:25 p.m.

    $1,300,000,000 deficit is nothing! Wait until we get Obamacare! It will amaze us how expensive it will be and how it fast it will completely bankrupt this country!

  • atl134 Salt Lake City, UT
    Oct. 14, 2011 2:08 p.m.

    I wonder if any Republicans who think the Balanced Budget Amendment is necessary would be willing to outline their plan as to how to balance the budget. I won't hold my breath though.

  • DeltaFoxtrot West Valley, UT
    Oct. 14, 2011 2:07 p.m.

    I won't blame Obama for putting us in this mess, I will blame him for not doing anything to get us out of it. Restarting a stalled economy takes time, but every measure he tried failed miserably. If he can't fix this he needs to go and give someone else a chance.

    The mess we're in is the fault of both parties. They failed to listen, failed to compromise, failed to put the livelihood and interests of the PEOPLE first.

    Remember this when elections come, vote out all incumbents. They had their chance and this nation isn't a single step closer to recovery than it was when they took office.

    If they're not part of the solution they're part of the problem and need to go, all of them. Democrat and Republican, they're all useless.

    The only way we can get this country back on track is to put in new leadership from top to bottom. If the people we put in don't do right by us, replace them as well... and keep replacing them every election until a group gets in that can help us.

    A house divided cannot stand, we succeed or fail as a nation.

  • Beenlistening CENTRAL, UT
    Oct. 14, 2011 1:40 p.m.

    Remember the 2 unpaid for wars, and the unpaid for Medicare Part D, all of which was started under Bush and now has to be paid for. Plus, the housing crisis and job crisis which started under Bush. These increase the amount needed to be paid out for unemployment benefits, etc.

    Remember the budget surplus under Clinton was turned into a deficit under Bush. These things cannot be fixed over a few years, especially when the GOP is being the party of NO on any legislation that would help our Country's problems.

    Blaming this situation on Obama is rediculous.

  • worf Mcallen, TX
    Oct. 14, 2011 1:31 p.m.

    Obama sends troops to aid Africa anti-insurgency
    DN 10-14-11

    Libyan War cost ten million a day--USA Today August 2011

    Obama sends twenty two billion dollars to Brazil for oil drilling--USA Today

    Obama raises sevety million dollars from millionaires and billionairs
    -DN 10/14/11

    Good to know we're tightening our belts.

  • Eliot Santaquin, UT
    Oct. 14, 2011 12:51 p.m.

    This is immoral. It is an outrage. What possible good can $1.2 trillion in cuts over 10 years do when you are running annual $1.3 trillion deficits?