Economists say U.S. debt grew $11 trillion in one year

Return To Article
Add a comment
  • LarryO Mount Vernon, WA
    Nov. 11, 2012 12:34 p.m.

    The author has mis-stated the Bloomberg article. The author states both the tax increases and program cuts are required. The Bloomberg article states the tax increases as one option and the cuts to federal programs as a second option. It also offers a 3rd option as a mix of the two. Here's what the Bloomberg article stated:
    "Closing the gap using taxes requires an immediate and permanent 64 percent increase in all federal taxes. Alternatively, the U.S. needs to cut, immediately and permanently, all federal purchases and transfer payments, including Social Security and Medicare benefits, by 40 percent. Or it can mix these terrible fiscal medicines...

  • LarryO Mount Vernon, WA
    Nov. 11, 2012 12:17 p.m.

    @ Mountanman. I'm curious where you get your statistics the 1/3 of every American is recieving some form of government welfare? What do you include in your list of government welfare?

  • Mountanman Hayden, ID
    Aug. 10, 2012 7:51 a.m.

    @ Shelama. That's because one out of every three Americans are recieving some form of government welfare! Who do you think they will vote for?

  • Shelama SALT LAKE CITY, UT
    Aug. 9, 2012 11:26 p.m.

    So then what's up with Romney? He should be well ahead in the polls by now and a slam-dunk landslide in November. Something's drastically wrong with the Right if they can't beat Obama this year.

  • lost in DC West Jordan, UT
    Aug. 9, 2012 2:32 p.m.

    Hatch a non-spender? nope, but sending Howell to reinforce harry reid as senate majority leader would be unconscionable and would further our financial mess.

  • Fitz Murray, UT
    Aug. 9, 2012 1:22 p.m.

    I think this is what you call fuzzy math. Anyone who has done this type of projection, in this cast guessing the future of national debt, know that there are so many assumptions in the analysis that it is not worth the paper it is printed on. These types of stories should be printed in the tabloids where they belong, not in respectable newspapers.

  • merich39 Salt Lake City, UT
    Aug. 9, 2012 12:11 p.m.

    lost in DC
    It sounds like you believe Orrin Hatch is a non-spender. I have to strongly disagree with you on that one.

  • lost in DC West Jordan, UT
    Aug. 9, 2012 11:29 a.m.

    this might be a good time to remind everyone that harry reid has not let a budget be voted in in over 3 years.

    we CAN criticize voters in other states who re-elected spenders when we re-elect non spenders.

  • merich39 Salt Lake City, UT
    Aug. 9, 2012 11:11 a.m.

    This might be a good time to remind everyone that it is congress, not the President, who appropriates federal spending. It is our congress that is stuck in partisan gridlock and is now on an extended vacation. Every member of congress deserves to be thrown out of office. And yet, just watch in November as Utahns re-elect every member of our delegation. We can't vote out the reps from CA, NY or any other state. We can only vote out our own. Watch as Utahns re-elect our reps then criticize other states for doing exactly the same.

  • Rifleman Salt Lake City, Utah
    Aug. 9, 2012 10:44 a.m.

    Obama has the same financial attitude as the liberals running California into the ground. If you see it and want it then by all means buy it. When you run out of money increase taxes with the lie that it is to pay down the debt.

    The liberals have zero intention of running a balanced budget let alone paying down the debt.

  • Mountanman Hayden, ID
    Aug. 9, 2012 10:18 a.m.

    Obama’s legacy!