|
|
Martin O`Malley on Budget & EconomyDemocrat |
O'MALLEY: Yeah. We have been restoring fiscal responsibility for these last seven years. We inherited a $1.7 billion deficit from our predecessor. We're on the verge of closing that. In the budget that I submit this week, we will close it without any new taxes. Part of what drives our budget, of course, is the economy and the pace of this recession. And it has been an extended recession. However, I've cut more in spending than any governor in modern history, and yet we've also been able to make the record investments in education, transportation infrastructure and innovation. And what we also have been able to do is to maintain a AAA bond rating
Q: But if I understand you, there will be no deficit projected into next year?
O'MALLEY: Those forecasts depend on what sort of rate of growth you put into the economy. The best way for every state to reduce its deficit is for our national economy to grow at a faster pace.
O'MALLEY: Well, I believe that the people of our state and, also, the people of our country, want us to make choices on their behalf that yield results, results that make our economy grow by making our middle class grow. And I'm proud of each of those things. I'm proud of the people of our state. But, also, being an inclusive people, respecting the dignity of every individual, these things are also good for an economy. These things are good for building an innovation economy and attracting the most talented workforce. I think they all go together. What the people of our country want is not ideology, not trickle-down economics, but middle-out economics, where we strengthen our middle class to grow our economy and to give our kids a better future.
Romney wants to take America back. Back to what? Back to the failed policies that drove us into a deep recession? Back to the days of record job losses? Instead of a balanced, achievable plan to create jobs and reduce the deficit, Romney says he will cut taxes for millionaires.
