Fiscal and Economic
More on Fiscal and Economic
Representative Tom McClintock Presented with the
Spirit of Enterprise Award from the U.S. Chamber of Commerce
Washington, DC – Representative Tom McClintock (CA - 04) today made the following remarks at a press conference held to introduce a Spending Limitation Constitutional Amendment. Representative McClintock is co-author of the legislation.
House Chamber, Washington D.C.
February 23, 2010
M. Speaker:
Two weeks ago, Congress and the President added $1.9 trillion to the national debt limit. That translates to more than $6,000 of additional debt for every man, woman and child in the country – more than $24,000 for an average family of four.
“It is disappointing that after a year of failed bank bailouts and reckless spending has failed to produce real jobs, the President seems to be doubling down. I suppose it is human nature that the more we invest in our mistakes, the less willing we are to admit them. But it doesn’t make for wise public policy.
Deficits Made in California Should Stay in California
Schwarzenegger’s Folly, House Chamber, Washington, D.C., January 12, 2010. Mr. Speaker:
California’s governor is seeking billions of dollars of additional federal aid to fill his ever-widening budget deficits.
House Chamber, Washington, D.C. June 26, 2009. Madam Speaker: When we discuss Herbert Hoover's mishandling of the recession of 1929, the first thing that economists point to is the Smoot-Hawley Tariff Act that imposed new taxes on over 20,000 imported products.
Tough Love for California. House Chamber, Washington, D.C. June 11, 2009 M. Speaker: Gov. Schwarzenegger of my home state of California has called for the federal government to underwrite as much as $15 billion of Revenue Anticipation Notes that the state has to issue to avoid insolvency.
By Tom McClintock Winston Churchill once said, “Americans can always be counted on to do the right thing…after they have exhausted all other possibilities.” California’s leaders are now putting that maxim to the ultimate test.
By Tom McClintock A generation ago, California exemplified its nickname, “The Golden State.” State spending was less than half per capita, inflation adjusted, what it is today. Its debt-service ration was less than a third. Yet Californians enjoyed one of the finest highway systems in the world and one of the finest public educations systems in the country.