Regarding Sen. Hatch's recent E-newsletter, if tax cuts are so good for the economy, why is it so bad considering the cuts since 2001? How does cutting subsidies for major oil companies and raising taxes on millionaires equate to "raising taxes on hardworking Utah families and small businesses?" The federal government borrows 40 cents of every dollar it spends. If a balanced budget amendment passed, where would you we cut 40 percent. Would we cut 40 percent of the workforce at Hill? Or, take a 40 percent reduction in Social Security retirement?
Hatch was on a call-in radio show in Salt Lake in the 1980s. Ronald Reagan was calling for a balanced budget and I asked Hatch if he wanted a balanced budget, why didn't he submit one. He said, he "would be laughed out of Washington if he did." What has changed since then? The national debt has gone up $13 trillion since 1980, and Republicans are responsible for $8 trillion. Why is he and the other Republicans just now becoming newly minted fiscal conservatives?
I can't believe anyone in Congress would consider letting us default on our debt. We could not maintain our AAA credit rating and a cut would increase the interest rate we would have to pay on the national debt. Interest rates would also go up for "hardworking Utah families and small businesses."
I know the Republicans are trying to make Obama a one-term president, but please don't take our country down in the process.