Stop reckless spending instead of raising taxes

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  • Doug10 Roosevelt, UT
    Nov. 29, 2012 9:55 a.m.

    Do you expect a change when Utah sends Hatch back to Utah?

    Hatch spent 11 million to get his $250,000 a year job back. According to his office 10 million of his campaign funds were sent in by citizens outside of Utah to re-elect him. One million was all he could raise from his own state, does anyone think that people outside of Utah number more than 10 times the people in this state who want him elected?

    Large corporations seem to reach out and touch everyone.

    As long as people who helped create the problem stay in Washington they would have to admit they made a mistake if meaningful changes were made. History has taught that is not likely to happen.

    To senator Hatch it is more important to be right than to be helpful, and so for the rest of the country that spells we might end up being "dead right".

  • Kent C. DeForrest Provo, UT
    Nov. 28, 2012 3:05 p.m.


    Mitt IS not a job creator. Notice the present tense, please. Mitt is a long-term wannabe POTUS. Now he's just a retired rich guy. Maybe he'll go back to Bain Capital and start doing leveraged buyouts again. Do you understand what that means and how it works? If not, I suggest David Stockman's Newsweek article explaining the nitty gritty. Most of the time it ain't pretty. And for whoever brought up Staples, read the same article. You'll find out that Mitt and his guys got out early, took a very small gain, and left it to someone else to turn Staples into the "job creator" it is today (2/3 of the jobs are part time with no benefits, by the way). LBOs are not intended to create jobs. They are pursued for the sole purpose of enriching a small cadre of "investors." In the '80s we called the corporate raiders.

  • Flashback Kearns, UT
    Nov. 28, 2012 9:44 a.m.

    Tax Walmart if the congress is going to raise taxes on anyone "rich". They add nothing to the U.S. economy except low paying jobs. They have very little in their stores that isn't made in China or Bangladesh. They don't buy from U.S. suppliers. I'll bet old Sam Walton is spinning in his grave. His motto? "Buy American".

  • patriot Cedar Hills, UT
    Nov. 28, 2012 12:30 a.m.

    why stop reckless spending? Who cares what the national debt is anyway - all sarcasm aside I see zero evidence that Americans give a whit how big the national debt is. The American people just re-elected a president that increased the debt by 6 trillion. Obama knows he can spend and borrow and borrow and spend all the way up to and past 20 trillion for the national debt and no one would blink an eye in the this country. I guess all this stuff about the national debt is just a bunch of scare tactics by the GOP and really amounts to nothing. Right?

    "What - me worry?" (Alfred E Newman)

  • Scott C Ephraim, UT
    Nov. 27, 2012 6:55 p.m.

    We need a balanced budget amendment!

  • Screwdriver Casa Grande, AZ
    Nov. 27, 2012 4:24 p.m.

    The value of work has been completely compromised by the fiat monetary system that keeps that 1% in power.

    The right wingers say they hate fiat currency but then revere the financiers that would have no way to suppress the value of a Chinese worker to 1/100 th of an American worker without the "magic" of fiat currency. They would have no way to capitalize on anyone's labor to this extent without fiat currency. They can borrow unlimited fictitious funds to control unlimited land and capital and leave the rest of us born without any birthrights at all. And it's all based on thin air.

    What sense does it make that gold has the same world market value in all nations but an hour of hard labor has no common value? I don't think that's a Godly idea from a father that prepared the entire Earth for ALL his children. Mormons that so whole hardily support the idea of this version of a "free market" should be ashamed of themselves. It's not free or fair at all but contrived by lazy, slothful men that enrich themselves dishonestly on other's labor.

  • mark Salt Lake City, UT
    Nov. 27, 2012 2:40 p.m.

    “If we have to borrow money from China to pay for a program, thus putting our children deeper in debt, then we need to learn to live without the program. Sound familier?”

    -So AZRods, you are saying that we need to live without defense, because, clearly, defense is funded in large part from borrowed money.

    -Unfortunate that you feel that way, Killpack. I don’t see labor as easily replaceable as you, and quite frankly, neither do successful businesses. Successful businesses recognize that there is a rather large investment involved in training someone to work within their system. McDonalds clearly understands this and they do what they can to hang on to their employees. If you run a business, and if you think your employees are easily replaceable, you are doing something wrong. You are not hiring quality people, and you are not training them well.

    And to think that McDonalds is irreplaceable is absolute fantasy. If McDonalds were to disappear tomorrow there would be dozens, if not hundreds or thousands, of businesses rushing to fill the hamburger void.

  • AZRods Maricopa, AZ
    Nov. 27, 2012 12:41 p.m.

    @blue says ok, what is wasteful spending and why it's wasteful.
    Do you want a list or can anyone seriously not see the waste in our government?
    Saying that the solution to the whole problem is more taxes is economic suicide.
    Why would companies stay here to do business when they have a dozen countries offering all kinds
    of benefits for them to go elsewhere.
    Many on this thread have got to look at the big picture, as in the world economy because that's what we are competing against.
    And more taxes without cutting back out of control spending gets us nowhere except fewer companies that want to stay in business or stay in the US.

    So how do you do it you ask?

    If we have to borrow money from China to pay for a program, thus putting our children deeper in debt, then we need to learn to live without the program.
    Sound familier?

  • killpack Sandy, UT
    Nov. 27, 2012 11:17 a.m.


    In this world, unskilled labor is very replaceable. To not have that mindset, as you put it, is to be ignorant of economics and therefore a poor, uncompetitive and irrelevant force in the business world. Believe me, McDonalds did not become the great, efficient enterprise it is today because it feels its employees, especially unskilled ones, are irreplaceable. That is just the way it is. There are people in this world who would kill for a job as a burger flipper at McDonalds, let alone minimum wage. Capital and real estate, on the other hand, are not nearly as elastic. Especially McDonalds capital. McDonalds capital owners have invested extensively for decades to build the corporation that McDonalds is. I would argue that that decades-long investment is quite inelastic and very IRREPLACEABLE.

  • Anti Bush-Obama Washington, DC
    Nov. 27, 2012 10:43 a.m.

    The left wing on the dirty bird of tyranny refuses to cut welfare spending.

    The right wing on the dirty bird of tyranny refuses to cut defense spending.

    We truly have a self serving dysfuntional government who are in business for themselves and constiution be darned.

  • Anti Bush-Obama Washington, DC
    Nov. 27, 2012 10:38 a.m.

    Roland Keyser

    "There is no developed country on the face of the earth where rich people could move and pay less in taxes than they do in the U.S."

    There is a place called Switzerland.

  • wrz Ogden, UT
    Nov. 26, 2012 11:42 p.m.

    "Anyone willing to wager... that when (not if) Obama increases taxes on the 'rich' within less than two years, the IRS will collect less money than before the tax hike?"

    The Republicans should act smart and give Obama his tax increase. Sure, the economy will suffer... but the blame will be pinned on Obama.

    "The truth is both the worker and the owner rely on each other for financial well being. Something that seems to get lost in this conversation."

    Stop splitting hairs. If owners didn't have capital to put up there'd be no business and... no jobs. The money up front, then the jobs. Tax increases decrease capital and reduce the chance for the creation of more jobs. It's not rocket science.

    @Kent C. DeForrest:
    "Mitt, for instance, is not a job creator."

    Are you daffy? Mitt saved dozens of companies who would otherwise disappear off the face of the earth. And these businesses put thousands to work.

    "Corporations are sitting on piles of cash. Why don't they hire?"

    They're waiting to see what's left after Obama gets his hands outta their pockets.

  • pragmatistferlife salt lake city, utah
    Nov. 26, 2012 10:53 p.m.

    So Boxerdog..I suppose you paid $250,000 cash for your house. Or $35,000 for your car. Yes the principles are the same. Debt is a fact of modernity. It's your ability to manage your debt that counts. Two points..GE in '09 franticly pleaded with the government to bail out Lehman because they knew if it didn't happen on that weekend they didn't have the cash for their next weeks payroll..why because they borrow it every week..are they broke..hardley. Secondly...the debt will keep them poor..that means they are now poor. Really, no inflation and zero interet rates some poverty.

  • mark Salt Lake City, UT
    Nov. 26, 2012 8:05 p.m.

    "Fail to pay the capital and real estate owners of McDonalds for their capital and real estate, which are quite costly, and there simply is no McDonalds. No place for employees to make hamburgers and no equipment to make it with. That is about as simple as I can put it."

    Yes, Kilpack, you are quite correct. And with no employees making the hamburgers, there also is no McDonalds. So where are we?

    Maybe we have arrived at the understanding that employees add exceptional value to a company, and that if a corporation values its product that it will also value its labor force and do what it can to reimburse its employees fairly, and honestly. And respect its employees, and not have a mindset that the employee is easily replaceable and of no intrinsic value, but a valued member of the company.

    -Boxerdog, I sure hope you have been outraged about the national debt, and outspoken about it ever since Reagan set us on this path. I have. If you are just a Johnny come lately because of who the president is, I have no use for you.

  • boxerdog915 Clearfield, UT
    Nov. 26, 2012 7:38 p.m.

    So, what some of these comments are saying is they don't care how far the debt of this nation goes, let the government do what they want, no matter the consequences, simply because they are the government? If people only had a $35,000 annual income, would you spend $100,000 a year? Anyone with common sense knows that’s a massive fail on anyone’s part. We as Americans are FORCED to live within our means and adjust our spending continually otherwise we lose our homes, go into great debt, have to declare bankruptcy, etc. Why is our government not held to this same standard?? Less spending is the only answer and raising taxes on the wealthy only means the government doesn’t want to cut spending, which says to me they don’t care about the future of America or the debt we will never dig ourselves out of. This is the sad truth and many of the comments I have read, it's sad for they are all for it. Congratulations for giving your children, grandchildren, great-grandchildren, etc., a debt that will keep them poor, because that is what debt does!

  • killpack Sandy, UT
    Nov. 26, 2012 6:41 p.m.

    LDS Liberal said,

    "Every single 'Corporation' I have ever worked for broke down labor expenses into 1 of 2 categories --


    That is simply incorrect. In ANY economy, there are the following factors of production: labor, capital and real estate. Production is not a labor expense; labor is one of three factors of production. Without capital and real estate (also called overhead by accountants), a worker at McDonalds has absolutely NO WAY of making a hamburger. Fail to pay the capital and real estate owners of McDonalds for their capital and real estate, which are quite costly, and there simply is no McDonalds. No place for employees to make hamburgers and no equipment to make it with. That is about as simple as I can put it.

  • pragmatistferlife salt lake city, utah
    Nov. 26, 2012 6:28 p.m.

    Here's the bottom line taxes aren't stealing but should in fact be the grateful giving of those most blessed by an economic system. Most people want to work and earn their way. Many people while working don't make enought to support themsleves or their families and need help. The founding fathers did not choose a small hands off government, but instead created a for the circumstances large and involved national government. Lastly America is not a white male patriarchial society anymore..if that's the end of traditional America..welcome to the 21st century.

  • mark Salt Lake City, UT
    Nov. 26, 2012 6:13 p.m.

    "unfortunately there are machienes that could do the same thing that the burger flippers do. So again, what value do those people bring that couldn't be automated?"

    Yes, they are called vending machines and a microwave. But are you really trying to say, Redshirt, that the line cook at a McDonalds, or the cashier actually add no value? It sure sounds like it, "what value do those people bring. . .?"

    As far as the burger flippers being able to open their own burger joint, yes many could and many do. And even more could if they didn't have to compete with the behemoth McDonalds. You realize, don't you, that few, if any, of the executives at McDonalds ever opened or started their own burger joint?

    And absolutely my argument does not say that the only people that produce anything work only in kitchens, mines, factories, or farms.

    What my argument is, and it is really self evident to the rest of the world, that with out those front line people making and serving a product there is no money being made. Zilch, notta, bumpkis. None.

  • Tolstoy salt lake, UT
    Nov. 26, 2012 5:27 p.m.

    @thinkin man
    your right and when you have a spending problem and a revenue problem you cut expenses wherever possible and get more revenue. and don't listen to the whiners. So what's your point?

  • Thinkin\' Man Rexburg, ID
    Nov. 26, 2012 5:14 p.m.

    When you have a spending problem, the solution is to stop spending so much.

    Simple! Logical! Effective!

    Cut across the board. Don't listen to whiners.

  • Kent C. DeForrest Provo, UT
    Nov. 26, 2012 4:33 p.m.

    Let's see. Who herded the cattle, fed them, fattened them up, slaughtered them, butchered them, planted the taters, harvested them, drove them to the factory where machines peeled and sliced them? Who raised the grain, harvested it, turned it into buns? Some corporate fat cat? Some fancy machine? In this fantasy world, there are only inventors and executives. Everyone else doesn't exist. But who is going to buy the Big Mac? Where is he going to get the money to buy it?

  • merich39 Salt Lake City, UT
    Nov. 26, 2012 4:15 p.m.

    And start with that our of control Department of Defense. We spend more on defense than pretty much the rest of the world combined. The very first bloated budget that should be looked at and cut is the DOD.

  • Truthseeker SLO, CA
    Nov. 26, 2012 4:02 p.m.

    "To "Truthseeker" actually, that is a lie. From 2001 through 2008 job creation was good, as evidenced by the unemployment rate hovering around 5% and the high labor participation rate."

    During Bush’s eight years in office, January 2001 to January 2009, the nation gained a net 1.09 million jobs. (Because there were gains in government jobs, the private sector actually lost 653,000 jobs during that period.)

  • LDS Liberal Farmington, UT
    Nov. 26, 2012 3:34 p.m.

    Deep Space 9, Ut

    Using your arguements, the only people who actually produce anything are those that work in a factory, kitchen, mine, or farm. Nobody else actually produces anything.


    RedShirt --

    Every single "Corporation" I have ever worked for broke down labor expenses into 1 of 2 categories --


    The customer pays for Production, and could careless about OVERHEAD.
    Overhead is just that, an un-necessary organizational evil that customers never want to pay for.
    It adds nothing to his purchase but higher expense.

    Same goes for the owner.

    If could get that burger cheaper without that mooch taking his cut for doing nothing, I'd do it in a heartbeat. He adds NOTHING of vlaue to my purchase, he simple takes something for nothing.

    BTW RedShirt --
    You go ahead invent and market that magical burger-flipping machine and make your $Billions -
    That IS the Capitalists ultimate dream is it not?

  • Redshirt1701 Deep Space 9, Ut
    Nov. 26, 2012 2:54 p.m.

    To "mark" and "LDS Liberal" unfortunately there are machienes that could do the same thing that the burger flippers do. So again, what value do those people bring that couldn't be automated? If McDonalds wasn't there do those teenagers have the desire, skills, knowledge, or capital to open up a burger shop?

    Using your arguements, the only people who actually produce anything are those that work in a factory, kitchen, mine, or farm. Nobody else actually produces anything.

    Luckily most of the rest of the world does not share your myoptic view of business.

  • pragmatistferlife salt lake city, utah
    Nov. 26, 2012 2:40 p.m.

    Grover, I've tried to make your exact point numerous times on this blog and got the same result as you....silence. My wife works with the wealthy, people who have anywhere from a few million to over two hundred million, and they do not, again do not use their own money to create jobs. They borrow the money in order to leverage what they have. And by the way almost none of their borrowing is to create jobs in the first place.

  • LDS Liberal Farmington, UT
    Nov. 26, 2012 2:18 p.m.

    Sandy, UT
    LDS Liberal,

    Unfortunately, economics is much more complex than kindergarten level understanding.


    I live in the real world.

    Unfortunately, economics is not much more complex than that.

    You missed the keyword -- I said OWNERS.

    Your rant implies I meant executives and marketing folks - who are still just higher levels of worker bee.

    I specifically refered to "Owners", as in stock holders -- who do nothing, but call a broker, purchase stock and collect earnings checks every quarter. They PRODUCE nothing.

    And you know what?
    I'm guilty for it myself.

    I "own" tons of stock.
    My 401K portfolio is stuffed with stocks.

    I've never even set foot in most of "businesses", yet they pay me. Go figure.

    And If I'm getting something for vitually nothing --
    I can't even begin to imagine it on the Mega-Billioare scale such as a Mitt Romney - who FYI never once sold staples at Staples.

    Owners PRODUCE nothing...just skimming earnings from that $7 per hour High School kid who did the work.

    [BTW - I still get up and go to work everyday and pay MORE in taxes than they do.]

  • Twin Lights Louisville, KY
    Nov. 26, 2012 2:04 p.m.


    Recent statements by Lindsey Graham and Saxby Chambliss have given me some hope that Reason might be one day welcomed back into the Capitol Building. She has wandered a long time, friendless.

    As to arm twisters, Lincoln was a master of human motives. But LBJ was no slouch. The man could log roll like a lumberjack.

  • mark Salt Lake City, UT
    Nov. 26, 2012 1:55 p.m.

    "Only a small fraction of each McDonalds hamburger is unskilled, burger flipping labor."

    You must be kidding, killpack. The vast majority of the labor at McDonalds are the "burger flippers". The percentage in upper management, or research, or marketing is very small comparatively. But Liberal's point is very valid: without the low wage "burger flipper" there would be zero value to McDonalds. They could have all the capital raisers, branders and marketers, and Harvard Business Schoolers, they can cram into their corporate headquarters, and with out the "burger flippers" they would not make one red cent.

    Sorry, but that is really not very complicated.

    And yes, the owners and executives, when they take their vacations to exclusive resorts, are sitting around on a beach somewhere while the high school kids, or, as is more likely the case with McDonalds now days, the hispanic mothers, do all the work.

    But you probably wouldn't understand.

  • Eric Samuelsen Provo, UT
    Nov. 26, 2012 1:29 p.m.

    >Twin Lights
    As you may have noticed, this is not a particularly good forum for a call to stop foolishness.

    I think you're right in that there is a deal to be made here. I think the President and Speaker Boehner could probably come up with at least a workable framework for deal, involving modest tax increases and reasonable spending cuts. The problem is that the Speaker would then have to sell it to his caucus, and the President to his. We'll have to see.
    I thought it was a good sign, though, that the President invited everyone over to the White House for a screening of Lincoln. Great movie about the arm-twisting and deal-making and general skullduggery of actual politicians trying to get something done.

  • killpack Sandy, UT
    Nov. 26, 2012 1:09 p.m.

    LDS Liberal,

    Unfortunately, economics is much more complex than kindergarten level understanding. Perhaps you had better attend some classes. Only a small fraction of each McDonalds hamburger is unskilled, burger flipping labor. The rest of it is years and years of raising capital on Wall Street, branding and marketing, classes at Harvard Business School, etc. If you think McDonalds owners and executives are sitting on a beach somewhere sipping martinis while a bunch of high school kids do all of the work, well, forget it. You probably wouldn't understand.

  • one vote Salt Lake City, UT
    Nov. 26, 2012 1:04 p.m.

    Actually not that simple. Ask Mitt Romney.

  • Twin Lights Louisville, KY
    Nov. 26, 2012 12:08 p.m.


    In my experience most small businesses that gain traction and grow are not started by the rich. They are not usually started by the very poor either (some exceptions). Large businesses and very wealthy folks tend not to start new ventures but rather buy someone else's (making the seller rich).

    The true entrepreneurs I know would create businesses under most reasonable circumstances - because it is what they love to do. A few points of taxation up or down is not going to motivate or demotivate them.

    There are good reasons not to over tax (eventually, but at levels well above what we have today, it does become a disincentive to produce OR a huge incentive to avoid or even evade) but that is not what we are talking about.

    This is all just so much class warfare stupidity being offered up to us by the political talking heads. In both models the scapegoats (wealthy or poor) are parasites on the economy - producing nothing and only taking. As a few others have pointed out this is NOTHING like reality where real workers add real value to real employers who create real opportunities.

    Can we please stop this foolishness?

  • JoeCapitalist2 Orem, UT
    Nov. 26, 2012 11:35 a.m.

    LDS Liberal: If your hypothesis is correct and the "uber-rich" guy produces nothing and adds no value to the equation but instead just sips martinis all day in the Cayman Islands....then it should be very simple to replace him/her.

    Just get those "working poor" to bypass the owner altogether. Produce all the goods on their own and reap all the profits for themselves. Simple..right? What is stopping them?

  • LDS Liberal Farmington, UT
    Nov. 26, 2012 11:20 a.m.

    I'll try my hardest to make this so a 5 year can understand it ---

    Say, I walk into a McDonald's and order a hamburger.

    Who created the wealth?

    The worker who actually produced and provided me with my hamburger for which I paid?
    A facless owner/Corporate entity on an island in the Cayman Islands sipping martini's 24/7?

    One PRODUCES, obeying the eternal law of the Harvest.
    the other is simply an owner, and produces nothing.

    It's really no different than a pimp and his working girls.

    So I ask again -
    Who REALLY and truely creates the wealth?

    The worker or the owner?

    The uber-rich?
    The working poor?

  • Jl Sandy, UT
    Nov. 26, 2012 10:58 a.m.

    The tax increase which is proposed at 3% of income over 250k per year has no direct link to job creation. Tax decreases for the rich don't get reinvested they leave the premises. Let's get the accurate picture. Basic economics would reveal to most that consumers create demand. Demand creates jobs. Put money in the pocket of consumers you have the foundation of demand. Trickle down does not, has not and never will work.

  • George Bronx, NY
    Nov. 26, 2012 10:46 a.m.

    your right that is often but not always how owners first create enough wealth to higher workers, however, a business owner can only grow their wealth beyond the widgets they can make themselves by joining into a relationship with their workers. again both rely on the other for their finical well being.

    please read the full post.

    The worker could go out and create their own business making widgets, at a higher risk to themselves of course, but the owner cannot create more widgets without the worker. The reality is that both receive benefits from the relationship, the question is when does it cross the line into exploitation one way or the other? When is a wage to high to maintain a fair profit margin for the owner? When is a wage and benefits to low to fairly compensate the worker for the wealth they help to generate? At what point does the disparity start to effect the over health of our economy and or society to the point we have right to intervene through the use of our government? These are the types of questions I think we should be asking rather then demonizing “those people.”

  • one old man Ogden, UT
    Nov. 26, 2012 10:36 a.m.

    An excellent post, Grover.

    Thank you.

  • Screwdriver Casa Grande, AZ
    Nov. 26, 2012 10:37 a.m.

    Nothing "wrecks" more things than the military. If we can't get by on thousands of nukes and a military 1/2 the current size then we aren't worthy.

  • Ford DeTreese Provo, UT
    Nov. 26, 2012 10:35 a.m.

    Just a spelling clue for the letter writer and a bunch of the commenters on the DNews website:

    The word you're looking for is "lose." You don't loose jobs. You lose them. One would think the editors would catch a simple error like this. Then again . . .

  • Grover Salt Lake City, UT
    Nov. 26, 2012 10:33 a.m.

    If the world was only as black and white as the letter writer and montanman suggest! Half truths are a terrible thing. They sound true when spoken but do not hold up when scrutinized. Case in point: the rich are job creators. True, you need money to start a business and hire people, but where do most people get the money? Answer: they borrow it. Who holds the greatest percentage of the wealth in America? Answer: retired people. How many jobs are they creating do you think? Same for sports stars, entertainers, the super wealthy (is Mitt's money in the Caymans and Switzerland creating jobs in America?), people who inherited their parents and grandparents money, etc. etc.

    One thing is right that they say however...the higher rates on the wealthy will not dent the debt burden of the country. The reason that increase is justified is one of equity. Everyone is in this game and everyone needs to pay their share. Warren Buffett paying lower rate than his secretary is insane.

    Short term: Expenses must be cut and "revenue" raised on the wealthy.

    Long Term: Expenses cut and taxes raised on everyone until the budget is in balance.

  • one old man Ogden, UT
    Nov. 26, 2012 10:29 a.m.


    Sounds like I wasn't quiet enough and woke one of them up.

  • Redshirt1701 Deep Space 9, Ut
    Nov. 26, 2012 10:21 a.m.

    To "George" and who is buying the equipment and providing the working environment for the poor people to work at?

    The money must be there first so that a job can be created.

    A single lawyer may start out on his own, but once he is busy enough and wealthy enough, he can hire assistants and other lawyers to expand his business. This is true for any business, no new jobs are created until there is money to pay the workers. The workers create widgets, they do not create jobs.

    To "Kent C. DeForrest" I think that the thousands of people employed by Staples would disagree with you on Mitt's ability to create jobs. He saved the company and then expanded it. When they expanded they needed more people to work for them.

  • Kent C. DeForrest Provo, UT
    Nov. 26, 2012 10:00 a.m.

    Most high-income people are not "job creators." Mitt, for instance, is not a job creator. For many years now, the rich have never had it so good. Corporations are sitting on piles of cash. Why don't they hire? Because there is insufficient demand. Where does demand come from? Not from the upper class. It comes from the consumer classes, who have been getting a smaller and smaller piece of the pie for 30 years now.

    Progressive taxation is one solution to the imbalance, but not the best solution. The best solution is for businesses to give more of their profits to those who actually created those profits (those who work in the trenches) rather than those who sit in executive offices or who have invested in the stock market. When we figure this out, we'll stop having this stupid discussion.

  • killpack Sandy, UT
    Nov. 26, 2012 9:54 a.m.

    You liberals just go right ahead and keep on ignoring the problem and live in your little fantasy. Who knows, it may last awhile. I don't really care. Myself and all of the other paranoid teapartiers that you've made fun of the past couple of years, (well pretty much anyone who didn't vote for Obama) is going to fair rather well. We've been hoarding golds, guns, food, etc., for the past couple of years. We'll be fine when we turn into Greece. However, it is going to be a very rude awakening for the typical Obama supporter in Philadelphia or Chicago who goes to the store one day and finds out is EBT card no longer works. That's if there is any food in urban grocery stores to begin with. They'll probably have been picked clean by looters by that point.

  • Owl Salt Lake City, UT
    Nov. 26, 2012 9:52 a.m.

    Pretty fundamental concept; spend only what you have. Even so, it is far too complex for politicians who want to be Santa Claus and don't want to do the heavy lifting of public service.

  • George Bronx, NY
    Nov. 26, 2012 9:51 a.m.

    @steve w
    Poor people do not creat jobs? Who is producing the products that gives the business owner the revenue to grow his business and hire more workers? The truth is both the worker and the owner rely on each other for financial well being. Something that seems to get lost in this conversation.

  • NedGrimley Brigham City, UT
    Nov. 26, 2012 9:41 a.m.

    Now you've stepped over the line, old man...

  • Mountanman Hayden, ID
    Nov. 26, 2012 9:39 a.m.

    Anyone willing to wager me a steak dinner that when (not if) Obama increases taxes on the "rich" within less than two years, the IRS will collect less money than before the tax hike? Reason: the "rich" includes most small businesses and increased taxes will force them to decrease expansion, not hire or lay off workers. Big businesses will become less competitive and move over seas or pass the tax increases along and that, my friends means fewer tax payers! Tax increases on the "rich" is a war on business; those people who generate wealth in the first place. When was the last time a poor person offered you a job?

  • Steve C. Warren WEST VALLEY CITY, UT
    Nov. 26, 2012 9:39 a.m.

    When it comes to job creation, Sherman has a very good point. Poor people don't create jobs. If the filthy rich--i.e., the job creators--were taxed very little or not at all, they could create even more jobs. Then, poor people could stop whining about the lack of jobs. In fact, taxes on low-income people, who are job consumers rather than job producers, ought to be increased significantly until they finally get off their duffs and start creating jobs.

    Also, I think the IRS needs to get tough on panhandlers who fail to report the donations they receive. Sure,they dress up all poor and scroungy, but I suspect most of them are socking big bucks away in overseas accounts, which creates no jobs here.

  • LDS Liberal Farmington, UT
    Nov. 26, 2012 9:23 a.m.

    President Obama wants to increase the taxes on the high-income people in the United States.



    Read today's New York Times.
    It's not just Pres. Obama.

    The Oracle of Omaha,
    every single Capitalist's mentor and hero --
    Warren Buffet

    "I support President Obama's proposal to eliminate the Bush tax cuts for high-income taxpayers. However, I prefer a cutoff point somewhat above $250,000 - maybe $500,000 or so," the Berkshire Hathaway head wrote.

    "Additionally, we need Congress, right now, to enact a minimum tax on high incomes. I would suggest 30 percent of taxable income between $1 million and $10 million, and 35 percent on amounts above that."


    Who should we believe =>

    Warren Buffet?
    a true Capitalist and American?

    AM radio blow-nothing's like Rush Limbaugh, Sean Hannity, and Glenn Beck?

    BTW - I agree, Congress needs to eliminate waste. But It's gonna take compromising, and so far - the GOP and their 20 year old do nothing pledges is ruining America.

  • Whatever Springville, UT
    Nov. 26, 2012 9:20 a.m.

    Again with the whole "job creators" thing... Don't you understand that was a label created by a republican hack specifically for low information voters?

  • one old man Ogden, UT
    Nov. 26, 2012 9:15 a.m.

    Please remember to be very quiet as you drive through Box Elder County or Brigham City.

    You might wake some of the locals from their dream sleep.

  • Hutterite American Fork, UT
    Nov. 26, 2012 9:01 a.m.

    There is no way this can only be addressed from the expenditure side of the equation.

  • Roland Kayser Cottonwood Heights, UT
    Nov. 26, 2012 8:59 a.m.

    There is no developed country on the face of the earth where rich people could move and pay less in taxes than they do in the U.S.

  • JoeCapitalist2 Orem, UT
    Nov. 26, 2012 8:52 a.m.

    So why doesn't the GOP "Compromise" with the democrats and agree to huge tax increases in exchange for promised spending cuts?

    Answer: Because too many of them see such proposals as the huge scam that they are! "Agree to jack up taxes today and we'll give you some spending cuts over the next 10 years" is just a shell game. It doesn't matter if they promise $3 in cuts for every $1 in new taxes (or $10 to $1, or $100 to $1).

    Until we get some drastic spending CUTS (and I mean real cuts, not phony ones) the deficit and debt will continue to spiral out of control.

    The way it works now is: Spending this year = $3.5 trillion. Spending next year = $3.7 trillion. Call that a $300 billion "cut" because you didn't increase it to $4 trillion like you planned. Spend $4 trillion anyway. Take every opportunity to talk about that huge spending cut you agreed to (at great sacrifice), even though it never happened. Blame the ever-increasing deficit on rich people not paying their fair share.

  • pragmatistferlife salt lake city, utah
    Nov. 26, 2012 8:43 a.m.

    So Sherman if the President were to cut the annual deficit in at least half by the end of his second term would that qualify as cutting "reckless" spending and make him a great President, after all that would be something that nobody except Clinton has done? Go check official government projections for budgets into 2016 and that's exactly what's projected. 2013 is projected to be under a trillion cutinng the deficit from it's high by nearly 500billion dollars. Good start huh?..Go Obama..four more years, four more years..oh wait that all ready happened.

  • Redshirt1701 Deep Space 9, Ut
    Nov. 26, 2012 8:25 a.m.

    To "Truthseeker" actually, that is a lie. From 2001 through 2008 job creation was good, as evidenced by the unemployment rate hovering around 5% and the high labor participation rate.

    The job market has been sluggish since we started to see an increase in regulation and welfare spending.

  • Twin Lights Louisville, KY
    Nov. 26, 2012 7:59 a.m.

    I have rowed a few boats in my day. One thing is clear, no progress is made unless both oars are in the water (and with some degree of coordination). In this case, one oar is spending and the other is revenue. The problem is of sufficient size that it will need both for there to be any real progress.

    Thankfully Senators on both sides are beginning to do the hard work of compromise. The nation comes first, not our party and not our particular political views. Time for all those involved to come to this understanding. The talking heads on either side are not friends to our nation, to our sovereignty, or to our solvency (and these are related).

  • Truthseeker SLO, CA
    Nov. 26, 2012 7:56 a.m.

    Job creation has been lackluster since we lowered tax rates during the Bush Administration. As wealth has become increasingly concentrated at the top, fewer jobs are being created.

    One factor:

    "The financial sector, which includes lending, stock brokerage, complex securities and insurance, among many other services, derives enormous profits from collateralized debt obligations. These new products require such sophisticated engineering that the industry now focuses its recruiting on new master’s- and doctoral-level graduates of science, engineering, math and physics, and pays them starting wages that are five times or more what they would have earned had they remained in their own fields.
    “Because these new hires are often the very individuals who otherwise would have comprised the most robust pool of prospective founders of high-growth companies, the financial services industry’s steady rise has had a cannibalizing effect on entrepreneurship in the U.S. economy,” said Paul Kedrosky, Kauffman Foundation senior fellow and one of the paper’s authors. “Excessive financialization exacerbated and distorted the flow of capital in the economy, potentially suppressing entrepreneurship by drawing
    away entrepreneurial talent.”
    (Has the Growth of the Financial Sector Harmed the Economy?" )

  • The Real Maverick Orem, UT
    Nov. 26, 2012 7:55 a.m.

    Cut wasteful spending?


    Lets begin with the wasteful funding of Hill Air Force Base. Close it down. We have enough bases around the world. Let those workers up there get real jobs at Delta Airlines or something.

    Then we can continue to cut wasteful spending in subsidizing Utah's education and roads. Lets also cut federal aid to fire cleanup. Let those folks who had their property damaged by fires this summer depend on churches and charities. Lets also cut all federal funding to the shale and natural gas industry which is essentially employing the eastern part of the state. Let those companies fund themselves and not receive federal handouts.

    Remember, Utah is the "self-sufficient" state with the awesome economy who wants to secede from the "Communist" Union. The letter writer advocated that we cut spending! So lets do it!

    Perhaps if we had stuff that we want cut, then we wouldn't look at such spending as "wasteful."

  • Blue Salt Lake City, UT
    Nov. 26, 2012 7:37 a.m.

    Research by the CBO has found that even moderate increases in the marginal tax rates on the top 2% of incomes in our nation will have zero effect on the economic behaviors of those taxpayers.

    What's being proposed is for taxes on the very highest incomes to return to the tax rates of the 1990's, when these folks did extremely well in the economy.

    "Wasteful spending?" OK, you tells us exactly what it is, why it's wasteful, how you'll eliminate it, what you'll do about the consequences of those cuts, and how much the cuts will effect the budget deficit. Otherwise, you're just making noise.

  • Mountanman Hayden, ID
    Nov. 26, 2012 7:21 a.m.

    Best estimates are that Obama's tax increases will temporarily increase revenue by about $150 billion/year. The federal government spends more than that in less than 10 days! Add to that the fact that Obamacare (subsidized healthcare insurance for the "poor") has been projected to cost taxpayer's about $1.2 TRILLION/year! Do the math! Americans committed economic suicide by rejecting a problem solver and re-election the problem creator! But what do they care, they will get their free stuff, at least for a little while!

  • Darrel Eagle Mountain, UT
    Nov. 26, 2012 7:19 a.m.

    Another rant n rave letter with no solution.

    From where does the letter write propose we cut spending. The sequester is scheduled to hit, and BOTH parties are trying to their hardest to make sure that doesn't happen.

  • embarrassed Utahn! Salt Lake City, UT
    Nov. 26, 2012 6:21 a.m.

    Instead of second guessing everything our legitimately elected President proposes...and ran on...why not run for office yourself?