State of Missouri Archives: on Budget & Economy


Jay Nixon: Missouri has earned its triple-A credit rating

The national recession hit Missouri hard. But after losing jobs back in 2008 and 2009, we turned the corner in 2010, and are poised for job growth this year. We will continue to be aggressive and relentless, fighting every day for every job. And we'll continue to be aggressive and relentless in making government smarter and more efficient.

We've kept our fiscal house in order with prudent financial controls, rigorous cost reductions, and smarter, more efficient government. That's earned Missouri a Triple-A credit rating--the best you can get--from all three rating agencies. We're one of the few states in the nation that can make that claim. It's a big vote of confidence in our state, and saves taxpayers millions of dollars a year in interest. Compare that to what's going on in other states. Texas has a $15 billion deficit; Kansas; and Illinois just raised personal and corporate income taxes. Now look at our state. Fiscal responsibility is a value we share here in the Show-Me State.

Source: 2011 Missouri State of the State Address Jan 19, 2011

Robin Carnahan: 2008 bank bailout helped Wall Street, not ordinary people

Carnahan criticized Blunt for his role in a 2008 bill bailing out troubled financial institutions, suggesting that it demonstrated a willingness to help Wall Street more than ordinary people. "Congressman Blunt time and again is on the side of Wall Street. He can figure out every rationale to give bailouts to Wall Street, he can say that it was great that it helped our economy--he's said it over and over again," Carnahan said. "But as I travel around our state, it hasn't helped. It hasn't delivered as promised."

Blunt defended the financial legislation, noting that much of the money already has been repaid. He contrasted the bailout with the 2009 federal stimulus package, which Blunt described as a "huge mistake" and a "huge waste of money." Blunt said the stimulus is not helping the economy. "It didn't have the impact on the economy that the president promised, and we should have known from day one that it wouldn't have," Blunt said.

Source: Associated Press coverage of 2010 Missouri Senate debate Oct 15, 2010

Robin Carnahan: 2008 bank bailout helped Wall Street, not ordinary people

Carnahan criticized Blunt for his role in a 2008 bill bailing out troubled financial institutions, suggesting that it demonstrated a willingness to help Wall Street more than ordinary people. "Congressman Blunt time and again is on the side of Wall Street. He can figure out every rationale to give bailouts to Wall Street, he can say that it was great that it helped our economy--he's said it over and over again," Carnahan said. "But as I travel around our state, it hasn't helped.
Source: Kansas City Star coverage of 2010 Missouri Senate debate Oct 15, 2010

Roy Blunt: Bailout ok; stimulus package a huge mistake

Carnahan criticized Blunt for his role in a 2008 bill bailing out troubled financial institutions, suggesting that it demonstrated a willingness to help Wall Street more than ordinary people. "Congressman Blunt time and again is on the side of Wall Street. He can figure out every rationale to give bailouts to Wall Street, he can say that it was great that it helped our economy--he's said it over and over again," Carnahan said. "But as I travel around our state, it hasn't helped. It hasn't delivered as promised."

Blunt defended the financial legislation, noting that much of the money already has been repaid. He contrasted the bailout with the 2009 federal stimulus package, which Blunt described as a "huge mistake" and a "huge waste of money." Blunt said the stimulus is not helping the economy. "It didn't have the impact on the economy that the president promised, and we should have known from day one that it wouldn't have," Blunt said.

Source: Associated Press coverage of 2010 Missouri Senate debate Oct 15, 2010

Roy Blunt: Bailout ok; stimulus package a huge mistake

Carnahan criticized Blunt for his role in a 2008 bill bailing out troubled financial institutions, suggesting that it demonstrated a willingness to help Wall Street more than ordinary people. "Congressman Blunt time and again is on the side of Wall Street. He can figure out every rationale to give bailouts to Wall Street, he can say that it was great that it helped our economy--he's said it over and over again," Carnahan said. "But as I travel around our state, it hasn't helped.
Source: Kansas City Star coverage of 2010 Missouri Senate debate Oct 15, 2010

Robin Carnahan: TARP financial bailout let banks run wild

"I've been in Jefferson City while Congressman Blunt has been in Washington," she said. "To me, if you put somebody in charge of something for 14 years and they don't get the job done, you fire that person."

Carnahan took some positions to Blunt's right: Promising to ban spending earmarks, for example, and criticizing the financial bailout known as TARP. "Congressman, you were there to let these banks run wild," Carnahan said. "You were there to bail them out with $700 billion of our money."

Recent reports estimate the actual cost of the TARP program at much less than that, Blunt pointed out, adding the bipartisan program prevented financial calamity. "It was a plan that worked," he said. "Hopefully, we'll never get in that situation again."

Source: Kansas City Star coverage of 2010 Missouri Senate debate Oct 14, 2010

Roy Blunt: TARP was a plan that worked

"I've been in Jefferson City while Congressman Blunt has been in Washington," she said. "To me, if you put somebody in charge of something for 14 years and they don't get the job done, you fire that person."

Carnahan took some positions to Blunt's right: Promising to ban spending earmarks, for example, and criticizing the financial bailout known as TARP. "Congressman, you were there to let these banks run wild," Carnahan said. "You were there to bail them out with $700 billion of our money."

Recent reports estimate the actual cost of the TARP program at much less than that, Blunt pointed out, adding the bipartisan program prevented financial calamity. "It was a plan that worked," he said. "Hopefully, we'll never get in that situation again."

Source: Kansas City Star coverage of 2010 Missouri Senate debate Oct 14, 2010

Bob Holden: Missouri is and should be fiscally conservative

Missouri remains a low tax, efficiently run state, according to all prominent national rankings. Missouri ranks 40th in the nation in per capita tax burden and 47th in state government expenditures per capita. We are a fiscally conservative state and will remain so during my administration. We’re only one of a few states that have maintained our Triple-A bond rating from the major rating agencies. More Missourians are working than ever before. Personal income is up.
Source: 2001 State of the State speech in Missouri House Chambers Jan 30, 2001

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Page last updated: Sep 08, 2014