On Sunday night, Republican and Democrat leaders came to an agreement in the national debt crisis and what to do next. Though neither side was completely satisfied with the attempt to reduce federal spending over the next 10 years, how does the plan affect southern Utah?
“I’m glad that we have taken a step to lower our nation’s debt,” said Senator Steve Urquhart, “I think Congress is now having the right discussions.” Long-term changes were made to the debt plan, but political leaders from both sides argue whether that will be enough.
“Someone has to pay these bills, and if we’re not going to pay them now, then people in the future will be the ones paying for it,” Urquhart told SUN News.
Each year, city and state officials throughout Utah cut and budget based on annual revenue, something Urquhart says they do successfully every year. “So why can’t federal officials do the same?” he asked.
“We made sure these cuts would not happen so abruptly that they would not create a drag on a fragile economy,” President Obama said during the Sunday press conference. Time table for the economic effects is projected for November, when the proposed bipartisan committee reports back with an official debt reduction plan.
“A day of reckoning comes, no matter who or how big you are,” said Urquhart.