Bob Kerrey on Budget & Economy

Former Democratic Senator (NE)

Shift the country away from consumption, to savings

At about 8 AM, Kerrey called Clinton at the White House. "Mr. President," Kerrey said, "I'm going to vote no."

Why? Clinton wanted to know.

Insisting that his decision was final and unchangeable, Kerrey dumped on the bill. The plan did not solve the entitlement problem, he repeated. It did not shift the country away from consumption to savings. The taxes could kick the country into recession. It wouldn't create jobs. It wouldn't achieve genuine recovery or solve the long-term economic problems. Clinton had a plan, he said, that wouldn't work. Nothing could be offered to change his mind, Kerrey said.

Source: The Agenda, by Bob Woodward, p.287 , Jun 6, 1994

Voted NO on prioritizing national debt reduction below tax cuts.

Vote to table [kill] an amendment that would increase the amount of the budget that would be used to reduce the national debt by $75 billion over 5 year. The debt reduction would be offset by reducing the tax cut in the budget framework from $150 billion Reference: Bill S Con Res 101 ; vote number 2000-55 on Apr 5, 2000

Voted YES on 1998 GOP budget.

Approval of the 1998 GOP Budget which would cut spending and taxes.
Status: CR Agreed to Y)78; N)22 Reference: H. Con. Res. 84 as amended; Bill H. Con. Res. 84 ; vote number 1997-92 on May 23, 1997

Voted NO on Balanced-budget constitutional amendment.

Approval of the balanced-budget constitutional amendment.
Status: Joint Resolution Defeated Y)66; N)34 Reference: S. J. Res. 1; Bill S. J. Res. 1 ; vote number 1997-24 on Mar 4, 1997

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