Economic development board approves incentives to create 135 jobs

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  • My2Cents Taylorsville, UT
    April 11, 2014 3:13 a.m.

    It's becoming nearly impossible to comprehend and understand the state of Utah's economic disaster as economic growth. Every day there are major businesses and labor reductions in the private sector and business failures that is astounding and yet our government has the where with all financial excesses to create more government jobs and more government agency's.

    It has been recently reported that the GDP of debt to income ratio has surpassed critical mass with an astounding ratio of 103+% of income without the inclusion of Obamacare means the gross national spending by government, citizens, welfare and workers is 3% (trillions) more a year than the economy can earn.

    For the Utah budget this means that Utah is spending $300 million dollars per billion dollars of budget more each year. That's more than $1 million dollars a calendar day, than government is receiving from all resources of federal governemnt, every available tax revenues, now and being projected with our exponential growth annual budget system.

    Our economic growth and inflation is less than 2%, the economy is self destructing and imploding as a socialist government. It explains why the USSR also imploded because of socialism and public health care programs.

  • Kings Court Alpine, UT
    April 10, 2014 7:06 p.m.

    "Economic Incentives" A nice euphemism for corporate welfare.