Getting Federal Spending Under Control
Even as American families are struggling to meet their family budgets, they see increasing federal spending in Washington that has led to exploding deficits and a debt burden that threatens to cripple future generations and imperil our standard of living. Our accumulated debt is now more than $12 trillion and, if current trends continue, that debt will double in five years and triple in ten years relative to 2008.
* Tom has fought against this uncontrolled spending, both in the current Congress and in years past.
* Voted against the Wall Street Bailout (TARP) bill -- twice -- in 2008.
* Tom opposed the $787 billion stimulus bill in 2009 which did little to promote real private-sector job creation and reduce unemployment. Instead of targeted short-term spending, there was too much supplementing of existing government programs which will permanently inflate budgets.
* Opposed the government takeover of our domestic auto industry.
* Voted against the new $1 trillion health care law.
* Cosponsor of the federal Balanced Budget Amendment.
* Consistently votes against annual spending bills which include excessive spending increases and votes for amendments to reduce spending -- including across-the-board cuts in agency budgets.
* Supports caps on discretionary spending to promote fiscal discipline.
* Supports pay-go as a means of deficit reduction, favoring spending reduction over tax increases, to be sure spending is paid for.
* Cosponsor of legislation to bring greater transparency to the earmarking process.