It all starts with our obligation to adopt a budget [which] is balanced, with no new taxes. This time last year, we predicted a deficit that totaled nearly $400 million. Staying true to the hallmark of our fiscal responsibility, my administration began the task of closing that shortfall. Unlike the federal government, we did not kick the can down the road by borrowing money or allowing deficits to mount. We told our agencies, almost a year ago, to do more with less. We challenged them to be smart, be efficient, and be prepared to cut their budgets. In tightening our belts, we realized that some of our programs and services should not face budget reductions.
Both men called for a balanced budget amendment that would require Congress to balance the nation's books every year and not run up debt.
Neither candidate provided details about how they propose balancing a multi-trillion-dollar budget, but Raese said he favors giving presidents line-item veto power--something that Byrd staunchly opposed. Manchin said the only time the amendment should be suspended was during war or a national emergency.
|2016 Presidential contenders on Budget & Economy:|
Mayor Rahm Emanuel(IL)
2016 Third Party Candidates:
Mayor Michael Bloomberg(I-NYC)
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