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Bob Dold on Budget & Economy

 


Voted YES on terminating the Home Affordable mortgage Program.

Congressional Summary: Amends the Emergency Economic Stabilization Act of 2008 to terminate providing new mortgage modification assistance under the Home Affordable Modification Program (HAMP), except with respect to existing obligations on behalf of homeowners already extended an offer to participate in the program.

Proponent's Argument for voting Yes:
[Rep. Biggert, R-IL]: The HAMP Termination Act would put an end to the poster child for failed Federal foreclosure programs. The program has languished for 2 years, hurt hundreds of thousands of homeowners, and must come to an end. This bill would save $1.4 billion over 10 years. To date, the HAMP program has already consumed $840 million of the more than $30 billion of TARP funds that were set aside for the program. For this extraordinary investment, the administration predicted that 3 to 4 million homeowners would receive help. HAMP has hurt more homeowners than it has helped. The program has completed about 540,000 mortgage modifications. Another 740,000 unlucky homeowners had their modifications cancelled.

Opponent's Argument for voting No:
[Rep. Capuano, D-MA]: This is a program that I'm the first to admit has not lived up to what our hopes were. This program we had hoped would help several million people. Thus far we've only helped about 550,000 people. But to simply repeal all of these programs is to walk away from individual homeowners, walk away from neighborhoods. I'm not going to defend every single aspect of this program, and I am happy to work with anyone to make it better, to help more people to keep their homes, & keep their families together. To simply walk away without offering an alternative means we don't care; this Congress doesn't care if you lose your home, period. Now, I understand if that makes me a bleeding-heart liberal according to some people, so be it.

Reference: The HAMP Termination Act; Bill H.839 ; vote number 11-HV198 on Mar 29, 2011

Proposing a balanced budget amendment to the US Constitution.

Dold signed Balanced Budget Amendment

RESOLVED by the Senate and House of Representatives of the United States of America in Congress assembled (2/3rds of each House concurring therein), That the article is proposed as an amendment to the Constitution of the United States, which shall be valid to all intents and purposes as part of the Constitution when ratified by the legislatures of 3/4ths of the several States within 7 years after the date of its submission for ratification.

This article shall take effect beginning with the later of the second fiscal year beginning after its ratification or the first fiscal year beginning after December 31, 2016.

Source: H.J.Res.2 11-HJRES2 on Jan 5, 2011

Supports a Balanced Budget Amendment.

Dold supports the CC survey question on Balanced Budget

CC.org's self-description: "The Christian Coalition voter guide [is] one of the most powerful tools Christians have ever had to impact our society during elections. This simple tool has helped educate tens of millions of citizens across this nation as to where candidates for public office stand on key faith and family issues.

The Coalition is a political organization, made up of pro-family Americans who care deeply about ensuring that government serves to strengthen and preserve, rather than threaten, our families and our values. To that end, we work continuously to identify, educate and mobilize Christians for effective political action." The CC survey summarizes candidate stances on the following topic: 'Passage of a Balanced Budget Amendment to the U.S. Constitution'

Source: Christian Coalition Survey 14-CC-Q20 on Aug 15, 2014

Opposes stimulus spending.

Dold opposes the PVS survey question on stimulus spending

Project VoteSmart infers summary responses from campaign statements and news reports The PVS survey summarizes candidate stances on the following topic: 'Economy: Do you support federal spending as a means of promoting economic growth?'

Source: Project VoteSmart Inferred Survey 14-PVS-q20 on Sep 30, 2014

2012 Governor, House and Senate candidates on Budget & Economy: Bob Dold on other issues:
IL Gubernatorial:
Bruce Rauner
Pat Quinn
IL Senatorial:
Doug Truax
Jim Oberweis
Mark Kirk
Richard Durbin
Sharon Hansen

Newly-elected Democrats taking office Jan.2015:
AZ-7: Rep.-Elect Ruben Gallego
CA-11:Rep.-Elect Mark DeSaulnier
CA-31:Rep.-Elect Pete Aguilar(R⇒D)
CA-33:Rep.-Elect Ted Lieu
CA-35:Rep.-Elect Norma Torres
FL-2: Rep.-Elect Gwen Graham(R⇒D)
HI-1: Rep.-Elect Mark Takai
MA-6: Rep.-Elect Seth Moulton
MI-12:Rep.-Elect Debbie Dingell
MI-14:Rep.-Elect Brenda Lawrence
NE-2: Rep.-Elect Brad Ashford(R⇒D)
NJ-12:Rep.-Elect Bonnie Coleman
NY-4: Rep.-Elect Kathleen Rice
PA-13:Rep.-Elect Brendan Boyle
VA-8: Rep.-Elect Donald Beyer
Seated in special elections 2013-2014:
AL-1: Bradley Byrne(R)
FL-13:David Jolly(R)
FL-19:Curt Clawson(R)
IL-2: Robin Kelly(D)
LA-5: Vance McAllister(R)
MA-5: Katherine Clark(D)
MO-8: Jason Smith(R)
NC-12:Alma Adams(D)
NJ-1: Donald Norcross(D)
SC-1: Mark Sanford(R)
VA-7: Dave Brat(R)

Newly-elected Republicans taking office Jan.2015:
AR-2: Rep.-Elect French Hill
AR-4: Rep.-Elect Bruce Westerman
AL-6: Rep.-Elect Gary Palmer
CA-25:Rep.-Elect Steve Knight
CA-45:Rep.-Elect Mimi Walters
CO-4: Rep.-Elect Ken Buck
FL-26:Rep.-Elect Carlos Curbelo(D⇒R)
GA-1: Rep.-Elect Buddy Carter
GA-10:Rep.-Elect Jody Hice
GA-11:Rep.-Elect Barry Loudermilk
GA-12:Rep.-Elect Rick Allen(D⇒R)
IA-1: Rep.-Elect Rod Blum(D⇒R)
IA-3: Rep.-Elect David Young
IL-10:Rep.-Elect Robert Dold(D⇒R)
IL-12:Rep.-Elect Mike Bost(D⇒R)
More newly-elected Republicans taking office Jan.2015:
LA-5: Rep.-Elect Ralph Abraham
LA-6: Rep.-Elect Garret Graves
ME-2: Rep.-Elect Bruce Poliquin(D⇒R)
MI-4: Rep.-Elect John Moolenaar
MI-8: Rep.-Elect Mike Bishop
MI-11:Rep.-Elect Dave Trott
MN-6: Rep.-Elect Tom Emmer
MT-0: Rep.-Elect Ryan Zinke
NC-6: Rep.-Elect Mark Walker
NC-7: Rep.-Elect David Rouzer(D⇒R)
NH-1: Rep.-Elect Frank Guinta(D⇒R)
NJ-3: Rep.-Elect Tom MacArthur
NV-4: Rep.-Elect Cresent Hardy(D⇒R)
NY-1: Rep.-Elect Lee Zeldin(D⇒R)
NY-21:Rep.-Elect Elise Stefanik(D⇒R)
NY-24:Rep.-Elect John Katko
OK-5: Rep.-Elect Steve Russell
PA-6: Rep.-Elect Ryan Costello
TX-4: Rep.-Elect John Ratcliffe
TX-23:Rep.-Elect Will Hurd
TX-36:Rep.-Elect Brian Babin
UT-4: Rep.-Elect Mia Love(D⇒R)
VA-10:Rep.-Elect Barbara Comstock
WA-4: Rep.-Elect Dan Newhouse
WI-6: Rep.-Elect Glenn Grothman
WV-2: Rep.-Elect Alex Mooney
WV-3: Rep.-Elect Evan Jenkins(D⇒R)
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Page last updated: Dec 27, 2014