State of North Carolina Archives: on Budget & Economy


Elaine Marshall: Can't cut our way out of deficit; must grow our way out

Burr said, "We're $13 trillion in debt. The answer is to stop spending. Americans are saying 'enough'. The answer is, let's stop spending."

"We can't cut our way out of it," Marshall replied. "We've got to grow our way out of this deficit."

Later, Burr said the question in the election is whether America gets its fiscal house in order or "be included with Greece and the rest of them," an allusion to European countries hobbled by debt.

Source: Charlotte Observer coverage of 2010 N.C. Senate debate Jun 27, 2010

Elaine Marshall: Send back the same people and we won't get out of this mess

North Carolina's three US Senate candidates agreed on one thing Saturday--Washington is broken. But in their first debate, the candidates clashed over who to blame and how to fix it.

In a year when voters across the country are frustrated with government, Burr set the tone early. "Washington has to change," said Burr, adding that Congress, "is not held in high regard. We don't deserve to be."

Marshall, North Carolina's Secretary of State, said she could help fix that. "[Americans] see one side saying 'no' and the other side running scared," she said. "If we keep sending back the same people who got us into this mess, we're not going to change anything."

Marshall described Burr as beholden to special interests. Marshall, who repeatedly described herself as "a strong independent voice," called him one of the top recipients of "big-oil dollars."

Source: Charlotte Observer coverage of 2010 N.C. Senate debate Jun 27, 2010

Richard Burr: Stop spending or we'll end up like Greece

Burr said, "We're $13 trillion in debt. The answer is to stop spending. Americans are saying 'enough'. The answer is, let's stop spending."

"We can't cut our way out of it," Marshall replied. "We've got to grow our way out of this deficit."

Later, Burr said the question in the election is whether America gets its fiscal house in order or "be included with Greece and the rest of them," an allusion to European countries hobbled by debt.

Source: Charlotte Observer coverage of 2010 N.C. Senate debate Jun 27, 2010

Elaine Marshall: Cuts plus appropriate investments

Burr and Marshall quickly diverged from each other Saturday on how the government should handle the nation's economy and debt. Burr repeatedly highlighted the nation's $13 trillion debt that's expected to continue growing. He warned that the US could soon be compared to countries like Greece that are buckling under the weight of their obligations. "The answer is: Let's stop spending," Burr said. He acknowledged after the event that Republicans have been part of the problem. He voted several times for Bush administration budgets that drastically increased the debt.

Marshall, however, said cuts alone wouldn't save the country's economy. "We've got to make appropriate investments--the same thing you would do to make your business more profitable," Marshall said. "You can't cut your way into huge profitability."

Source: Sun-News coverage of 2010 N.C. Senate debate Jun 26, 2010

Richard Burr: The answer is: Let's stop spending

Burr and Marshall quickly diverged from each other Saturday on how the government should handle the nation's economy and debt. Burr repeatedly highlighted the nation's $13 trillion debt that's expected to continue growing. He warned that the US could soon be compared to countries like Greece that are buckling under the weight of their obligations. "The answer is: Let's stop spending," Burr said. He acknowledged after the event that Republicans have been part of the problem. He voted several times for Bush administration budgets that drastically increased the debt.

Marshall, however, said cuts alone wouldn't save the country's economy. "We've got to make appropriate investments--the same thing you would do to make your business more profitable," Marshall said. "You can't cut your way into huge profitability."

Source: Sun-News coverage of 2010 N.C. Senate debate Jun 26, 2010

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