One of the arguments in the voter information pamphlet in favor of Proposition 3 is that it “brings nearly $800 million in federal funding back to our state every year from Washington, D.C. — money that is already set aside for Utah.”
Set aside? In reality all the money that Utah taxpayers send to the federal government is already spent. In addition, the federal government has to borrow roughly a trillion dollars annually to cover all the expenses in excess of what it has already collected in taxes and fees. The $800 million estimated amount will have to be added to the money already being borrowed to cover the annual deficit.