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Bob Casey on Budget & Economy

Democratic Challenger for PA Senate


Need Fiscal Discipline to Lower Interest Rates

The federal government should return to fiscal discipline in order to keep interest rates down.
Source: Casey for Senate web site: "Issues: Economy" Dec 1, 2005

Budget deficit chokes investment, drives business to ruin

Year after year, Congress and this administration have driven up the deficit to historic levels by supporting irresponsible tax cuts for the top one percent - those making $300,000 a year. Even at a time of war. And those deficits are now driving up interest rates, choking investment in new businesses, and forcing tens of thousands of existing businesses to drop health care plans or face financial ruin.
Source: Speech to Philadelphia Chamber of Commerce Oct 14, 2005

Voted NO on paying down federal debt by rating programs' effectiveness.

Amendment intends to pay down the Federal debt and eliminate government waste by reducing spending on programs rated ineffective by the Program Assessment Rating Tool (PART).

Proponents recommend voting YES because:

My amendment says we are going to take about $18 billion as a strong signal from the Congress that we want to support effective programs and we want the taxpayer dollars spent in a responsible way. My amendment doesn't take all of the $88 billion for the programs found by PART, realizing there may be points in time when another program is not meeting its goals and needs more money. So that flexibility is allowed in this particular amendment. It doesn't target any specific program. Almost worse than being rated ineffective, we have programs out there that have made absolutely no effort at all to measure their results. I believe these are the worst offenders. In the following years, I hope Congress will look at those programs to create accountability.

Opponents recommend voting NO because:

The effect of this amendment will simply be to cut domestic discretionary spending $18 billion. Understand the programs that have been identified in the PART program are results not proven. Here are programs affected: Border Patrol, Coast Guard search and rescue, high-intensity drug trafficking areas, LIHEAP, rural education, child abuse prevention, and treatment. If there is a problem in those programs, they ought to be fixed. We ought not to be cutting Border Patrol, Coast Guard search and rescue, high-intensity drug trafficking areas, LIHEAP, rural education, and the rest. I urge a "no" vote.

Reference: Allard Amendment; Bill S.Amdt.491 on S.Con.Res.21 ; vote number 2007-090 on Mar 22, 2007

Other candidates on Budget & Economy: Bob Casey on other issues:
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