DEMINT ECONOMICS: TALK A LOT ABOUT RUNAWAY SPENDING IN WASHINGTON, BUT THEN TRY TO BLOCK FISCAL DISCIPLINE MEASURE THAT WOULD REIGN IN FEDERAL SPENDING
The Democratic Senatorial Campaign Committee today called out Senator Jim DeMint for supporting the failed economic policies of the past as South Carolina families continue struggling with the economic crisis. Late last week, DeMint joined with his Republican Senate colleagues in rejecting a measure to bring fiscal discipline to Washington by voting against PAYGO (Pay-As-You-Go), a commonsense fiscal restraint measure, which simply states that the federal government – just like South Carolina families – can spend only as much money as it has. In fact, DeMint doesn’t seem to care much about fiscal discipline at all, seeing that he voted for the Bush tax cuts for the wealthiest one percent of Americans.
“This vote just goes to show that Jim DeMint has spent far too much time in Washington. South Carolinians are facing tough economic times because of eight years of failed policies in Washington, yet all DeMint wants to do is bring these policies back to life,” said Deirdre Murphy, DSCC National Press Secretary. “By voting against bringing fiscal discipline back to Washington, Jim DeMint proved he’d rather support the problems of the past than the solutions that will move us forward.”
DeMint’s record on the economy is not one to be proud of. DeMint rubberstamped the disastrous policies put into place by former President George W. Bush that protected Wall Street, cut taxes for wealthiest Americans, and exploded the federal deficit. And now he continues to stand in the way of commonsense efforts to jumpstart job creation. The people of South Carolina can thank DeMint for thousands of lost jobs, tax credits for corporations that move their jobs overseas, and a huge trade imbalance.
DeMint Opposed Adopting Pay-Go Rules, Requiring Offsets to New Spending. Last Thursday, DeMint voted against adopting statutory pay-go rules. 60 Democratic senators voted to adopt the pay-go measure (short for "pay-as-you-go"), which would require that new spending measures be offset in the budget by other funds. President Barack Obama urged senators to move forward with the new rule in his State of the Union address on Wednesday night. "When the vote comes tomorrow, the Senate should restore the pay-as-you-go law that was a big reason for why we had record surpluses in the 1990s," he said. [The Hill, 1/28/10; Vote 12, 1/28/10]
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