It calculated that if military spending continued at current levels, the region would create 1.26 million new jobs by 1995.
Public spending has continued to increase by approximately 1% above inflation, per year.
If there is no agreement on a budget by the start of the fiscal year, spending would continue at the current level.
But spending has continued to rise, mostly for the military and homeland security.
Federal spending would in fact continue to have a significant impact on the Utah economy for decades to come.
But spending cannot continue to climb much faster than income for long.
The simple truth is that medical spending can't continue to rise at its current rate.
He said the action was taken to cut costs because military spending is continuing to drop.
No one disputes that spending will continue to increase; limiting the rate of growth is the most we can hope for.
Meanwhile, federal spending continues to amount to about 20 percent of national output.