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John Neely Kennedy on Budget & Economy
Democratic Senate Challenger (LA)
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Balanced budget amendment to restore fiscal responsibility
Across America, families are required to live within a budget because they understand that you cannot spend more than you take in. Yet, Washington does not understand this basic idea. Washington is on a spending spree that's hurting our economy.
It's time that we go back to the basics and balance the budget.John Kennedy will restore fiscal responsibility in Washington. As Louisiana's State Treasurer, he stood up against powerful politicians and special interests to oppose government waste,
fraud and abuse.
John will help end the wasteful practice of pork-barrel spending. Louisianans know the difference between government spending designed to help a politician--which is shameful and wasteful--and spending designed to help hurting people.
Deficit spending is affecting the economy as well. John supports a balanced budget amendment to the Constitution. Just like American families, Congress must learn to live within its means.
Source: 2016 Louisiana Senate campaign website JohnKennedy.com
, Aug 31, 2016
Be concerned about economy, but not scared
In past debates Kennedy opened by aligning himself with John McCain, but [in this debate] he described his ideas for re-establishing economic stability in the financial markets and the
US economy, an attempt to take control of an issue widely considered a drag on GOP candidates nationwide. “I know many of you are scared. Don’t be. Be concerned, be angry, but don’t be scared,”
Kennedy said. “We will survive this economic crisis.”Landrieu, meanwhile, continued to push herself as a centrist senator who works across party lines and has brought home billions of dollars in aid to
Louisiana during her 12 years in Congress, particularly since the blows of hurricanes Katrina and Rita in 2005. “Send me back to continue to fight for you, to deliver for you,” she said.
Source: Associated Press on NOLA.com on 2008 Louisiana Senate Debate
, Oct 16, 2008
As state treasurer, manages $5B bank account
John Neely Kennedy was elected to his third term as State Treasurer on September 6, 2007. Kennedy manages the state’s $5 billion bank account including the investment of $3 billion in trust funds. He oversees all local and state bond issues, returns
millions of dollars in unclaimed property each year, and takes care of state fiscal matters. He works diligently to guard taxpayers’ money and rejects the status quo when it is not in the best interest of the state.
Source: 2008 Senate campaign website, www.johnkennedy.com, “About”
, Mar 2, 2008
Reinstitute the “Pay As You Go” rule
If I’m your next US Senator, here’s what I’ll do:- Reinstitute the “Pay As You Go” rule, which Congress eliminated in 2001 and which would require a 60% vote in Congress to start a new program that would increase the deficit unless a specific
revenue source or spending cut is identified.
- Limit any increase in annual federal spending to inflation and population growth, excluding Social Security, Medicare, the war and homeland defense.
Source: 2004 Senate campaign website, www.johnkennedy.com, “Issues”
, Oct 20, 2004
Constitutional amendment requiring a balanced budget
Families and businesses have to have balanced budgets. What makes the US Congress think it is different? If I’m your next US Senator, here’s what I’ll do: - Pass a constitutional amendment requiring that the federal budget be balanced.
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Eliminate all congressional pay raises until the budget deficit is reduced to zero.
- Create a bipartisan commission with authority to eliminate pork barrel spending.
- Begin a sunset review of every federal department, agency, program & service.
Source: 2004 Senate campaign website, www.johnkennedy.com, “Issues”
, Oct 20, 2004
Page last updated: Apr 17, 2020
