U.S. is moving toward the same fate as troubled EU countries

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  • Fitness Freak Salt Lake City, UT
    May 30, 2012 1:24 p.m.

    It will be interesting to see if even Romney can get things turned around. Politically, there will be a lot of angst. Even among his OWN party.

    Pensions, entitlements, 6 figure salaries of bureaucrats, military in over 90 countries around the world....... will all test his leadership abilities.

    Only ONE thing is certain, the current administration hasn't been able to lead the country in much of anything (except more debt).

    IF Romney can't get the economy turned around in 4 yrs. I suspect there will be yet another contender for POTUS.

    The nations' debt issues just can't keep getting shoved aside.

  • The Real Maverick Orem, UT
    May 30, 2012 11:36 a.m.

    I remember that Williams said that Iraq wouldn't cost us trillions. In fact, he predicted that it would help our economy by creating jobs over there and securing oil for the USA....

    Why this man has any credibility is beyond me.

  • Mark B Eureka, CA
    May 30, 2012 9:26 a.m.

    Did JCS slip the word "atheism" into his little screed just to scare someone? Regardless, he makes no other reference to atheism, which, by the way, is perfectly legal even in Utah and Texas. I'm not advocating it, but just pointing out that it has little or no relationship to the nation's economy.

  • marxist Salt Lake City, UT
    May 30, 2012 8:52 a.m.

    And also remember Professor Williams, that the present collapse was produced by banking industry excesses (not government) in the United States.

  • marxist Salt Lake City, UT
    May 30, 2012 8:36 a.m.

    Also, Professor Williams remember that the current crisis was born in the good old USA, not Europe, and that we exported such to them.

  • procuradorfiscal Tooele, UT
    May 30, 2012 8:33 a.m.

    Re: "Then why is it that Norway, Denmark, Sweden, Finland, and Holland, the most socialized countries in Europe, are doing fine fiscally?"

    They're not "doing fine, fiscally."

    Denmark's household debt burden is the largest, per capita, in the world, by one estimate, more than three-times GDP. That's not national debt, mind you, but it's an indicator of private-sector malaise and upcoming collapse.

    Finland and Sweden show that large governments can be run efficiently, but their debt-load curves run toward, not away from disaster. Norway and Holland are only a $30 drop in oil prices from a debt tsunami of Greek, Italian, Portuguese, and Irish proportion.

    I understand why the writer would assert that all's well in socialist Zion. Acceptance of socialism is existentially dependent on denial of common sense.

    But, as Dr Williams so brilliantly points out, buying short-term political favor by overspending simply CANNOT form the basis of a long-term stable democracy.

    Socialists know that, too. They're just not as honest as Dr. Williams.

  • John Charity Spring Back Home in Davis County, UT
    May 30, 2012 7:42 a.m.

    Roland obviously means well, but he has forgotten the basic truth that all who live beyond their means appear to be very prosperous for a time. But when the bill comes due, everything comes crashing down.

    The left-wing government has set us on a clear course towards becoming the same sort of atheistic failed economy that Europe has become. Indeed, with more and more Americans paying no income tax and living of tax-funded entitlement programs, we are not far away from this fate now.

    The lesson of Europe is clear: no nation can survive for long when it pays huge segments of its population to sit around doing nothing productive. The only way for a nation to be great is for it to be composed of hard working citizens who work to provide for themselves and their families. We must throw the leftists out of office and return to following this principle before it is too late.

  • Mountanman Hayden, ID
    May 30, 2012 7:00 a.m.

    $16 trillion national debt, growing by nearly $1 billion every day and now over 50% of our GNP! Alarming as it is, our leader in the White House still is clamoring for more federal spending, Obamacare entitlements while blaming “rich” people and lying that he has actually cut spending! Don’t let the facts get in the way of your campaign, food stamp president!

  • Roland Kayser Cottonwood Heights, UT
    May 30, 2012 12:35 a.m.

    Then why is it that Norway, Denmark, Sweden, Finland, and Holland, the most socialized countries in Europe, are doing fine fiscally?

    Also, a major reason that our credit was downgraded was that S&P decided that Republicans would rather default than raise taxes. U.S. taxes and spending are on the low end for OECD countries. Just raising our taxes to the level of Canada's would cure our fiscal problems with no spending cuts. Canada's taxes are also at the lower end, just not as low as ours. I'm always advocating spending cuts too, but out spending is not out of line with the rest of the world.