Statements about Debt
Economic Development Commission Executive Director Keith Stokes "sent me a letter and he said the taxpayers will never be on the hook for these bonds" for 38 Studios.
"Barbara Buono by the numbers: As a Trenton politician, she voted to raise taxes 154 times. Under her, property taxes up 70 percent. Backed a 16 percent sales tax increase. Utilities, nursing homes, cell phones, parking lots, lottery wins, gyms – She taxed them all. Architect of Corzine’s budget, she drove New Jersey $2 billion into debt. Barbara Buono by the numbers: taking New Jersey backwards."
"The average student comes out of college hundreds of thousands of dollars in debt."
"Jon Corzine, elected governor. Teams up with Barbara Buono. $1.2 billion sales tax increase? Passed. Most spending in state history? Passed. After Buono named budget chair, taxes and fees increase 23 times in just two years. State debt? Up $13.4 billion. Unemployment? Doubled."
"Forty-six cents of every dollar" Ohio could get for Medicaid expansion "is going to come from China or some other country that doesn’t like us very much."
Historically, the Social Security tax has been assessed on about 90% of U.S. income. Now it captures 83% because there's been such a growth of income among the highest earners.
"Expanding Medicaid would require borrowing more money, drastically expanding our deficit."
Wars in Afghanistan and Iraq have cost every U.S. family $45,000.
Says opponents of proposed Austin school district bonds say the district’s "debt load doubles with these new bonds."
"If anyone should know irresponsible it should be Senator Buono. She’s the one, her budget left us with a $2 billion budget deficit in fiscal 10 that I had to fix. Her mistakes. And for fiscal year 2011 an $11 billion budget deficit. Her mistakes, along with her partner Jon Corzine."
"Rick Scott has paid down our debt by about $2 billion. Charlie Crist’s debt went up about $5 billion."
The national debt is "larger than our entire annual economy."
"Our debt now is about $140,000 per household."
"Quite frankly, it was during the Bush years of spending, multiplied now by the Obama years that we have this mess."
Cobb is one of the largest school systems (in the nation) that is debt free.
In a budget deal struck in 2011 "a trillion dollars of cuts went into effect immediately, and then a special committee was set up ... to get agreement on another $3 trillion of cuts."
Of six Rhode Island tax-credit programs worth about $35 million, "three companies got 90 percent of that -- CVS and two companies not even located in the state of Rhode Island."
Says if Congress doesn’t avoid the sequester, "tens of thousands of parents will have to scramble to find child care for their kids."
Says, "when this governor came to office, he had (an) 11 billion dollar - I call it mismanagement – deficit."
"The only time in our history when the debt has been higher than this was the end of World War II."
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