|
THE CLAIM: "We must make hard decisions that are necessary to avert disaster. If we don't, in less than a decade, every dollar of federal revenue will go to covering the costs of Medicare, Social Security and interest payments on our debt." THE FACTS: Not according to estimates by the government's nonpartisan Congressional Budget Office. The office estimates the government will take in $4.9 trillion in revenue and pay $3 trillion for entitlements and debt interest in 2021. But Huntsman might not be far off. The CBO's revenue forecast is inflated because the office is forced to assume that Bush-era tax cuts will expire as under current law
-- even though Obama agrees with House Republicans that most of them should be extended. ___ THE CLAIM: "We worked very hard to maintain our AAA bond-rating status, something few states can claim." THE FACTS: Utah is indeed among fewer than a dozen states that are assigned top marks across the board from the leading credit-rating agencies.
[Associated
Press;
Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor