State of Maine Archives: on Budget & Economy


Paul LePage: Make the tough decisions to let American Dream survive

We all recognize that the political climate in Washington D.C. is toxic. With no solutions in sight, the Federal debt grows at such a pace that many of us question how the American Dream will ultimately survive for our children and grandchildren to experience.

Maine families are struggling. Maine families struggle to heat their homes, fill their cars with gasoline, put food on the table, and pay for health insurance.

Government has not strengthened Maine families with more income, opportunity, or reducing the cost of living. Instead government has taken more and more of our family's hard working income away to serve some people's political and/or financial self-interests. The path forward offers two choices. We continue to accept the status quo or we can make the tough decisions to create a better Maine for everyone. We can only do this if we work together. Every Mainer deserves the opportunity to pursue the American Dream.

Source: 2013 State of the State speech to Maine Legislature Feb 5, 2013

Charlie Summers: Bailouts and stimulus create $16T debt with no end in sight

Our nation is $16 trillion in debt with no end of red ink in sight. Our economy has been propped-up by bailouts and "stimulus packages" that have only increased our deficit and sent the tab to our working families, while the unemployment rate continues to hover above 8%, and the strength of the American dollar continues to wane.
Source: 2012 Senate Campaign website, summersformaine.com, "Message" Apr 11, 2012

Charlie Summers: Wasteful spending, even on military, should be eliminated

"What we have right now is a compliant Congress and a president who is trying to spend us into oblivion," said Summers. A veteran of Iraq and Afghanistan, Summers said all spending should be re-examined, including wasteful military contracts.
Source: John Richardson in Maine Morning Sentinel Apr 6, 2012

Matt Dunlap: Shore up availability of credit to stimulate job creation

The Democratic candidates agreed that the federal government can do more to stimulate job creation, such as weatherizing homes and businesses, and free up investment capital that has been sitting on the sidelines since the Wall Street meltdown in 2008. "The federal government can do an awful lot more to shore up the availability of that credit," Dunlap said. Pollard said he would reform the tax code.

"I do think the wealthiest Americans benefited the most from the prosperity of recent decades. Those individuals and corporations should be responsible for reducing the deficit." Families are facing financial disaster with high unemployment--while Washington fails to take the steps needed to fix these problems. I believe there are plenty of people looking out for the big corporations. Maine families [need] a senator for them.

Source: KJ Online coverage of 2012 Maine Senate debate Apr 1, 2012

Matt Dunlap: Shore up availability of credit to stimulate job creation

The Democratic candidates agreed that the federal government can do more to stimulate job creation, such as weatherizing homes and businesses, and free up investment capital that has been sitting on the sidelines since the Wall Street meltdown in 2008. "The federal government can do an awful lot more to shore up the availability of that credit," Dunlap said.
Source: KJ Online coverage of 2012 Maine Senate debate Mar 31, 2012

Tom Allen: Bush administration’s debt has failed middle-class America

Allen took aim at the Bush administration by saying it has failed middle-class Americans and put the nation deep into debt. Allen said he supports government efforts to stem the financial crisis, such as the takeover of mortgage giants Freddie Mac and Fannie Mae earlier this month. But he blamed the Bush administration’s economic philosophy for causing the crisis. “This is not about Wall Street but Main Street,” he said.
Source: 2008 Maine Senate debate reported in Kennebec Journal Sep 21, 2008

Susan Collins: We tried & failed in 2005 to tighten mortgage regulations

Collins said during a debate on WGAN-AM that both the Clinton and Bush administrations warned of looming troubles with Fannie Mae and Freddie Mac, which guarantee or own nearly half the nation’s mortgages.

But she said a 2005 House bill to tighten regulations was too weak, and that Allen voted against two amendments that would’ve strengthened it. That version died in the Senate. But a different bill, with the amendments, eventually became law last July.

Allen said the bigger problem is the economic policies of President Bush. He said they drove up the national debt. At the same time, there was a lack of oversight of Wall Street practices, Allen said. “The belief in letting the markets run their course has never been stronger than in this administration,” he said.

Both Collins and Allen agreed that the revised version of the bailout vote was better than the first because it had added oversight and more safeguards for taxpayers.

Source: 2008 Maine Senate Debate in Bangor (Me.) Daily News Aug 30, 2008

Tom Allen: Driving up debt & unbridled free market caused bank crisis

Collins said during a debate on WGAN-AM that both the Clinton and Bush administrations warned of looming troubles with Fannie Mae and Freddie Mac, which guarantee or own nearly half the nation’s mortgages.

But she said a 2005 House bill to tighten regulations was too weak, and that Allen voted against two amendments that would’ve strengthened it. That version died in the Senate. But a different bill, with the amendments, eventually became law last July.

Allen said the bigger problem is the economic policies of President Bush. He said they drove up the national debt. At the same time, there was a lack of oversight of Wall Street practices, Allen said. “The belief in letting the markets run their course has never been stronger than in this administration,” he said.

Both Collins and Allen agreed that the revised version of the bailout vote was better than the first because it had added oversight and more safeguards for taxpayers.

Source: 2008 Maine Senate Debate in Bangor (Me.) Daily News Aug 30, 2008

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2016 Presidential contenders on Budget & Economy:
  Republicans:
Amb.John Bolton(MD)
Gov.Jeb Bush(FL)
Dr.Ben Carson(MD)
Gov.Chris Christie(NJ)
Sen.Ted Cruz(TX)
Gov.Mike Huckabee(AR)
Gov.Jon Huntsman(UT)
Gov.Bobby Jindal(LA)
Rep.Peter King(NY)
Gov.Sarah Palin(AK)
Sen.Rand Paul(KY)
Gov.Rick Perry(TX)
Sen.Rob Portman(OH)
Secy.Condi Rice(CA)
Sen.Marco Rubio(FL)
Rep.Paul Ryan(WI)
Sen.Rick Santorum(PA)
Democrats:
Secy.Hillary Clinton(NY)
V.P.Joe Biden(DE)
Gov.Andrew Cuomo(NY)
Mayor Rahm Emanuel(IL)
Gov.Martin O`Malley(MD)
Sen.Bernie Sanders(VT)
Gov.Brian Schweitzer(MT)
Sen.Jim Webb(VA)

2016 Third Party Candidates:
Mayor Michael Bloomberg(I-NYC)
Gov.Gary Johnson(L-NM)
Donald Trump(NY)
Gov.Jesse Ventura(I-MN)
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