Quantcast

Huntsman sees debt risk and reward

Published July 15, 2011 8:42 pm

This is an archived article that was published on sltrib.com in 2011, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Former Utah Gov. Jon Huntsman said the debt crisis poses a unique chance to gain control of federal spending

"We have, I think, an historic opportunity to do a few things," he said during a campaign stop Friday in Salt Lake City. "One is cut in a way that is commensurate with the increase that is being asked for, and, number two is to find a pathway forward toward a balanced budget amendment."

But there is risk, Huntsman said, if the credit-rating agencies decide to drop the nation's bond rating. "The nation has been Triple-A rated since 1917. This is a big deal if we're downgraded by these ratings agencies."

Robert Gehrke —

Huntsman sees debt risk and reward

Former Utah Gov. Jon Huntsman said the debt crisis poses a unique chance to gain control of federal spending.

"We have, I think, an historic opportunity to do a few things," he said during a campaign stop Friday in Salt Lake City. "One is cut in a way that is commensurate with the increase that is being asked for, and, number two is to find a pathway forward toward a balanced budget amendment."

But there is risk, Huntsman said, if the credit-rating agencies decide to drop the nation's bond rating. "The nation has been Triple-A rated since 1917. This is a big deal if we're downgraded by these ratings agencies."

- Robert Gehrke