The fiscal cliff looms, so why won't either party talk about it?

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  • Roger Terry Happy Valley, UT
    Sept. 9, 2012 2:19 p.m.

    Pretty good editorial, but I would take exception with two things.

    First, the analogy has the Democrats offering better benefits to passengers by "making the wealthy ones do more work." A more apt analogy would be that they are trying to get the wealthy to spring for a bigger motor, so the boat has enough power to move upstream.

    Second, I don't know where Evensen is getting his numbers, but debt, which just passed the $16 trillion mark, is greater than 100 percent of GDP, which was $15.09 trillion in 2011 and is expected to be about 2 percent higher than that in 2012. The only time when debt was a larger percentage of GDP was at the end of World War II, and we got that under control primarily by retaining a top marginal tax rate of over 90 percent. It helps to have a bit of revenue (a larger motor) when nearing the falls.

  • Hellooo Salt Lake City, UT
    Sept. 6, 2012 10:11 p.m.

    Jay have you ever listened to a Paul Ryan speech. Please, the Repubs entire campaign is focused on the issue of the bad economy, the Obama Administration's making a bad situation worst than even GW with regards to deficit spending. Guess if you have not heard it is no wonder average Americans are not getting the message.

  • What in Tucket? Provo, UT
    Sept. 6, 2012 3:17 p.m.

    Romney and Ryan have talked about the debt and the economy and how to correct it. Obama can't even make a budget. When the GDP is exceeded by the debt the economy will suffer. We need a balanced budget bad.

  • Henry Drummond San Jose, CA
    Sept. 6, 2012 2:39 p.m.

    I believe Bill Clinton talked about the debt situation last night saying either we have to take care of the problem "or it will take care of us."

  • Eric Samuelsen Provo, UT
    Sept. 6, 2012 2:20 p.m.

    Watched This Week with George Snuffleupagus, featuring a bi-partisan panel discussion on this very issue. Both sides agreed--when our side wins the election, we'll deal with this issue from a position of strength. Irresponsible? Sure. But letting the Bush tax cuts expire would be altogether a good thing.

  • Truthseeker SLO, CA
    Sept. 6, 2012 2:18 p.m.

    Why won't either party talk about the fiscal cliff?

    1. Because we are in the middle of an election.

    2. Because Congress can't work together primarily because the Republicans are beholden to Grover Norquist and have sent too many ideologues to Congress.

  • SEY Sandy, UT
    Sept. 6, 2012 12:55 p.m.

    Why won't they opposing parties talk about the fiscal cliff? It's because they don't know what the cliff looks like. Economics professor Laurence J. Kotlikoff, who served as a senior economist on President Reagan's Council of Economic Advisers, says the national debt discussed by most people is just the tip of the iceberg. The rest of the iceberg is the unfunded liabilities which are kept off the books. He calculates those liabilities to be in the neighborhood of $222 trillion, which Jack Mintz of the Financial Post says puts us in a worse position than Europe. Some would say that we've already gone over the cliff but we just don't know it. We're sure to, though, once we hit the rocks at the bottom.

  • FDRfan Sugar City, ID
    Sept. 6, 2012 11:32 a.m.

    The opposing factions are hopelessly deadlocked and there are no Benjamin Franklins in view - nor Roger Shermans.

  • Roller Gunnison, UT
    Sept. 6, 2012 9:43 a.m.

    Why does our government continue to get larger? Why do we need multiple programs to support people (i.e. social security, medicare, medicaid)? Why do we continue to give hand-outs and not a hand-up? How about we start slashing money to programs, start over, and live on less than we make?

  • Ultra Bob Cottonwood Heights, UT
    Sept. 6, 2012 9:35 a.m.

    The fact is, that intelligent people and even some dumb politicians know that the national debt has zero effect on what the national government can and will do. Never has and probably never will.

    The fuss about the national debt has been going on since the beginning and the only time we hear about it is the complaining of one party against the other.

    In business, debt is a tool. It is sometimes used to buy companies, buy facilities and stores, and even to rob companies. And very often to rob taxpayers. If you are looking to a businessman to be concerned about debt, you are wearing blinders.

  • I M LDS 2 Provo, UT
    Sept. 6, 2012 9:27 a.m.

    This is one of the better editorials written by a member of the DN staff. I do have to take exception to the claim that the current Administration has failed to acknowledge the looming issue and failed to propose a viable solution. My impression is that the Obama administration fully recognizes the problem, but is approaching the solution in a thoughtful, measured way, recognizing that drastic actions may cause worse problems in the here and now for the entire country!

    By contrast, Romney's camp seems short on solutions, instead putting forth "the sky is falling" rhetoric with the best of the chicken Littles, but failing to provide any viable solutions other than hyperbole, abstract "principles", and nebulous assertions that have no grounding in reality.

    I wish it were otherwise! I am a lifelong R!