Category Archives: Blog

It’s time we combat America’s debt problem

Originally published in Utah Business

The late economist and former chair of the Council of Economic Advisers, Charles Schultze once said: “The deficit isn’t the wolf at the door; it’s termites in the woodwork.” This clever imagery reminds us that debt won’t blow our house down, but it will eat away at its foundation. Mr. Schultze’s keen observation stands in sharp contrast to a rising chorus of opinion leaders who argue that deficits don’t matter. I beg to differ.

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Brexit discussions shouldn’t last longer than World War II

Originally published in the Deseret News.

Analysts call Brexit the great divorce, a slow-motion car crash, a political crisis, a constitutional crisis, a wrecking ball, a mess and a delusion. Brexit is all of these and more. The uncertainty has already caused substantial economic displacement and the hurt continues. As Britain’s parliament meets this week it’s natural to ask the question, “What in the world is going on?”

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Town hall in Price shows the value of political engagement

Originally published in the Deseret News.

Congresswoman Alexandria Ocasio-Cortez — commonly referred to by her initials AOC — attracts significant attention among political commentators because of her views on Medicare for all, a Green New Deal, a federal jobs guarantee, and a 70 percent tax rate on incomes over $10 million. I’m used to people talking about AOC on college campuses, but wasn’t expecting to hear about her at a town hall this week hosted by Rep. John Curtis in Price. It shows just how far the political battle grounds in this country have stretched — from a congressional district in New York to the heart of Utah’s coal country.

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Finding peace in God’s love

Originally published in the Deseret News.

“Rest in the fact of God’s love for you. Let everything that unfolds from now be in the shadow of that fact. God loves you and nothing changes that.”

I heard these words spoken by a religious scholar on a recent podcast. The scholar, who is also an ecclesiastical leader, was asked by the host how he counsels young people who are struggling. He answered the question emphatically: “I tell them nothing can get in the way of God’s love for his children.”

I found his words comforting the first time I heard them and find them comforting now. God’s love not only extends to all, it shines brightest in times of need.

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Why Utah should reform the state sales tax system

Originally published in the Deseret News.

Former Utah Gov. Mike Leavitt served during the state’s longest economic expansion. He once told me, “Decisions more than circumstances really shape our lives and our communities.” It’s a profound statement. We become our actions, not our inheritance. Utah policymakers would do well to keep this aphorism in mind as they grapple with tax reform this legislative session.

Utah faces a structural sales tax challenge. Taxable sales as a percent of the economy are shrinking, declining from 67 percent in 1980 to 42 percent today. That’s a dangerous trend even in good economic times, but in a downturn could compromise the state’s long-term prosperity and life quality.

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Utah’s coal transition belongs to all of us

Original published in the Deseret News.

Dinosaur bones, footprints, eggs and other fossils can be found throughout eastern Utah. It is a paleontologist wonderland because here, in Utah’s coal country, the last dinosaurs came to die.

Today, another kind of extinction faces residents in Utah’s coal country. If the economies in Carbon and Emery counties don’t diversify, many family supporting jobs will become extinct.

The area faces a silent recession caused by society’s actions to combat global climate change. The benefits are widespread, but the costs are concentrated in places like eastern Utah.

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There’s still much to learn from Watergate

Originally published in the Deseret News.

I was 10 years old when burglars were arrested at the Watergate complex in Washington, D.C., for breaking into the Democratic National Committee headquarters. The intruders had been caught wiretapping phones and stealing documents to help President Richard Nixon’s re-election campaign. In the months that followed, I, like a lot of people, watched in disbelief, even horror, as the abuse of power by the president of the United States was on full display.

This week, I received a welcome reminder of the lessons learned from Watergate — then and now. I attended an event in Washington hosted by the Deseret News. The gathering focused on the twin virtues of trust and integrity and featured perspectives from Bob Woodward, a Pulitzer Prize-winning investigative reporter from The Washington Post, and Elder D. Todd Christofferson, a former law clerk for Judge John J. Sirica (the judge who presided over the trial of the Watergate burglars) and current member of the Quorum of the Twelve Apostles of The Church of Jesus Christ of Latter-day Saints. Insights were also shared by Michael Dimock, president of the Pew Research Center.

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My political projections for 2019

Originally published in Utah Business.

While I love the start of a new year, I’m not sure if I’m ready for the dizzying array of political battles that will flood the airwaves and our electronic devices in 2019. We will be hit simultaneously with a capital city mayoral race and the beginning of a two-year battle for the White House and Utah governor’s office. Throw a new US Senator named Mitt Romney into the mix and it could be a lively year. Here are my 2019 political predictions:

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This Christmas rekindle a favorite Christmas memory

Originally published in the Deseret News.

When I was 9 years old, I woke up before the rest of my family on Christmas morning to take a sneak peek at the gifts. I remember my sense of wonder as I tiptoed down the staircase. The fireplace still gave off a slight glow from the raging fire on Christmas Eve. Lights twinkled on the tree. My Santa mother had followed our family tradition and placed some gifts under the tree and others unwrapped by our stockings, which were spread out on a couch or chair. Each child had their spot. It appeared to be the perfect Egan family Christmas.

And then I saw it. Prominently displayed by my sister’s stocking was the gift I wanted more than anything else: an authentic Mickey Mouse watch. I looked at her designated spot on the couch and then looked at mine. No Mickey Mouse watch for me. It must be a mistake I reasoned. My sister never said one thing about wanting the Disney-created watch. But there it was for all to see — my sister got the treasured watch and I didn’t. I returned to my room teary and disappointed.

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What Utah’s historically low fertility rate means for Utah

Originally published in the Deseret News.

Utah population estimates released this week confirm a deceleration in growth. Utah births fell to their lowest level in 18 years. With net in-migration also tapering off, Utah’s population increased in 2018 by a healthy but modest 1.69 percent.

There are many storylines about Utah’s growth, but of greatest interest to me is the steady decline in Utah’s fertility rate. Utah’s total fertility rate — a measure of births per woman — has dropped for 10 consecutive years. Utah’s current fertility rate of 2.12 is at a historical low and rapidly approaching replacement level. Demographers define 2.10 as replacement level, or the level of fertility at which the population replaces itself from one generation to the next.

This is new territory for Utah.

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