CNBC 2015 GOP primary debate: on Budget & Economy
Bobby Jindal:
I'm the only one who actually shrank government
Q: Why would your experience be valuable?JINDAL: Republicans all tell you they want to shrink the size of government. Here's the truth--of all these folks talking, I'm the only one that has cut the size of government. There's not two of us, there's
one of us. The rest of it is all just hot air. When politicians talk, we need to pay attention to what they do, not what they say.
Sen. RICK SANTORUM: I think it's one thing to shrink the size of a state government I'm the one that has actually gone to
Washington, said we would shrink government, and actually delivered for the conservative cause.
Gov. GEORGE PATAKI: I shrunk the size of New York State's government when I left. We had reduced [state] employment by over 25,000 and cut taxes.
JINDAL:
What we did is we cut state spending. We've cut our budget 26%, according to Cato and other analyses, the only candidate that's actually reduced government spending. We've got a choice: You grow the government economy or the American economy.
Source: GOP `Your Money/Your Vote` 2015 CNBC 2nd-tier debate
Oct 28, 2015
Bobby Jindal:
$18 trillion debt means economy is running off a cliff
We are running off of a cliff. We'll be the next Greece. Over $18 trillion of debt, no wonder our economy has been stagnant. We haven't had real growth.
I'm proud we cut taxes, we cut spending, 30,000 fewer state government bureaucrats than the day I took office. I absolutely will do that in DC.
Source: GOP "Your Money/Your Vote" 2015 CNBC 2nd-tier debate
Oct 28, 2015
Bobby Jindal:
Balance budgets by zero-based budgeting; they're not "cuts"
I explicitly want to shrink the size of government; 22 percent over 10 years. We cut our state budget 26% in eight years. We need to proudly say we're willing to cut taxes, shrink government. Government's the only place where you give them less money
than they wanted, they count it as a cut. They take last year's budget. They add inflation. They call it a baseline. We need to do zero-based budgets. We need to say just because you got money last year, you don't have it this year.
Source: GOP "Your Money/Your Vote" 2015 CNBC 2nd-tier debate
Oct 28, 2015
Carly Fiorina:
Institute zero-based budgeting so we know where money goes
Let us go to zero-based budgeting so we know where the money is being spent. There is a bill in the House that would have us go to zero-based budgeting so we know where every dime of your money is being spent instead of only talking about how much
more we're going to spend year after year after year. We need to tackle the basics to cut this government down to size and hold it accountable. Let's start by knowing where your money is being spent by the federal government.
Source: GOP "Your Money/Your Vote" 2015 CNBC 1st-tier debate
Oct 28, 2015
Donald Trump:
Make economy dynamic; bring back jobs from China & Mexico
We're going to make a dynamic economy from what we have right now. We're going to bring jobs back from Japan, we're going to bring jobs back from China, we're going to bring, frankly, jobs back from Mexico where, as you probably saw,
Nabisco is leaving Chicago with one of their biggest plants, and they're moving it to Mexico. We're going to bring jobs and manufacturing back. We're going to cut costs. We're going to save Social Security, and we're going to save Medicare.
Source: GOP "Your Money/Your Vote" 2015 CNBC 1st-tier debate
Oct 28, 2015
George Pataki:
I shrank size of New York state government
We need an outsider to run our party and win the next election. Washington has become a corrupt insider game and everybody talks about how they're going to change the taxes, grow the economy. Nothing seems to change.
I shrunk the size of New York State's government when I left. We had reduced the employment by over 25,000 and cut taxes.
Source: GOP "Your Money/Your Vote" 2015 CNBC 2nd-tier debate
Oct 28, 2015
George Pataki:
Fed should get out of market & let rates go up
Barack Obama inherited an economic disaster. Instead of focusing on growth, he rammed through Obama Care that hurt businesses and raised taxes. The Fed had to act. The Fed did act and appropriately in reducing interest rates
but they've reduced them now for seven years. They've been zero too long. They should raise the rates; the Fed should get out of manipulating the market and the Fed also should reduce its balance sheet.
Source: GOP "Your Money/Your Vote" 2015 CNBC 2nd-tier debate
Oct 28, 2015
John Kasich:
No more silly deals; amendment for Balanced Budget
I want to go back to this budget deal in Washington. This is the same old stuff. You spend the money today, and then you hope you're going to save money tomorrow. If you really want to get to a balanced budget, you need to reduce your expenses and
you need to grow your economy. I'll go back to Washington and there will be no more of these silly deals if I become President because we'll have a constitutional amendment to require a federally balanced budget.
Source: GOP "Your Money/Your Vote" 2015 CNBC 1st-tier debate
Oct 28, 2015
Marco Rubio:
We borrow from countries that dislike us
Watching this broadcast are millions that are living paycheck to paycheck. They are working as hard as they ever have. We have a world that's out of control and a President that is weakening our military and making our foreign policy unstable and
unreliable. They say there is no bipartisanship in Washington. We have a $19 trillion bipartisan debt, and it continues to grow as we borrow money from countries that do not like us to pay for government we cannot afford.
Source: GOP "Your Money/Your Vote" 2015 CNBC 1st-tier debate
Oct 28, 2015
Rand Paul:
Filibuster against raising the debt limit: enough's enough
In Washington this week is establishment Republicans have made an agreement with the president to raise the debt ceiling in an unlimited fashion; no limit to the debt ceiling raise. This is extraordinary.
It's extraordinarily wrong. You'll see me on the floor of the Senate tomorrow filibustering this and saying enough is enough, no more debt.
Source: GOP `Your Money/Your Vote` 2015 CNBC 1st-tier debate
Oct 28, 2015
Rand Paul:
We borrow a million dollars a minute: no more debt!
I left my medical practice and ran for office because I was concerned about an $18 trillion debt. We borrow a million dollars a minute. Now on the floor of the Congress, the Washington establishment from both parties puts forward
a bill that will explode the deficit. It allows President Obama to borrow unlimited amounts of money. I will stand firm. I I ask everyone in America to call Congress tomorrow and say: No more debt.
Source: GOP "Your Money/Your Vote" 2015 CNBC 1st-tier debate
Oct 28, 2015
Rand Paul:
Use debt ceiling to force fiscal reform & discipline
Q: Do you oppose that budget deal because it doesn't cut those programs enough?A: No, I oppose it because you're taking money from the entitlement and then spending it n other items. They're taking money from Social Security, and they're going to
spend it on the military and they're going to spend it on domestic spending. When you look at raising the debt limit, it should be leveraged to try to reform government. We should use the debt ceiling to force budgetary reform.
Source: GOP "Your Money/Your Vote" 2015 CNBC 1st-tier debate
Oct 28, 2015
Rand Paul:
Audit the Fed, and prevent the Fed from lobbying against it
I would like to thank Ted for co-sponsoring my bill, audit the Fed. I think it is a huge problem that an organization as powerful as the Fed comes in, lobbies against them being audited on the Hill. I would prevent them lobbying Congress.
I don't think the Fed should be involved with lobbying. I think we should examine how the Fed has been part of the problem. You want to study income inequality, let's bring the Fed forward and talk about Fed policy and how it causes income inequality.
Source: GOP "Your Money/Your Vote" 2015 CNBC 1st-tier debate
Oct 28, 2015
Rand Paul:
Interest rates are simply price of money; keep the Fed out
Let's bring the Fed forward and have them explain how they caused the housing boom and the crisis, and what they've done to make us better or worse. I think the Fed has been a great problem in our society.
What you need to do is free up interest rates. Interest rates are the price of money, and we shouldn't have price controls on the price of money.
Source: GOP "Your Money/Your Vote" 2015 CNBC 1st-tier debate
Oct 28, 2015
Rick Santorum:
2020 Clear Vision: grow economy without adding to deficit
In our plan, the 2020 Clear Vision for America, we increase growth by 1% a year. So we go from 2.3 to 3.3, in repealing ObamaCare, it's another .7. So you're looking at 4% growth rate. And unlike Donald Trump and Bobby Jindal, we don't add
$10 trillion to the deficit. Our plan, while it creates as many jobs and grows the economy as much as theirs does, we are a revenue-neutral plan because I believe that we need to reduce the size of government, yes, but we also need to reduce our deficit.
Source: GOP `Your Money/Your Vote` 2015 CNBC 2nd-tier debate
Oct 28, 2015
Rick Santorum:
I can deliver shrinking the federal government
I'm the one on this stage that has actually gone to Washington, said we would shrink government, said we would shake things up and actually delivered for
the conservative cause, everything from welfare reform, which was the largest, most significant accomplishment in the last 25 years for conservatism.
Source: GOP "Your Money/Your Vote" 2015 CNBC 2nd-tier debate
Oct 28, 2015
Ted Cruz:
Audit the Fed; then end quantitative easing
The first thing we need to do is audit the Fed. I am a co-sponsor of Rand Paul's audit the Fed legislation. The second thing we need to do is bring together a bipartisan commission to look at getting back to rules- based monetary policy,
end this Star Chamber that has been engaging in this experiment of quantitative easing. The Fed should get out of the business of trying to juice our economy and focus on sound money and monetary stability, ideally tied to gold.
Source: GOP "Your Money/Your Vote" 2015 CNBC 1st-tier debate
Oct 28, 2015
Page last updated: Dec 07, 2018