State of Delaware Archives: on Budget & Economy


Kevin Wade: I've balanced budget in my engineering corporation

Wade said, "Unlike the U.S. Senate, I've had to balance a budget for 30 years." Wade founded Philadelphia Control Systems Inc., an engineering corporation based in Christiana. "We don't have people who've acted with responsibility, who've signed the front of a paycheck," he said of legislators.
Source: Cape Gazette on 2012 Delaware Senate debate Oct 19, 2012

Chris Coons: TARP lending and SBA loans are positive & concrete steps

O'DONNELL: The best thing the government can do to get our economy back on real economic recovery is to get out of the way of the small business owner and get out of the way of the entrepreneur. And the way you do that is to make sure these tax hikes don't come in January. You begin to roll back some of the regulation that's forced them to close their doors.

COONS: I'm not sure I understand what Ms. O'Donnell means that her primary objective would be to end the endless regulation and red tape. She denounces the Obama administration, says it's done nothing to promote job growth when frankly, just a few weeks ago, a new bill that would provide expanded SBA loan capacity, $30 billion worth of new lending capability, TARP funds that have been repaid, and are being repurchased towards small and midsized banks all over the United States. Real and concrete steps are being taken.

Source: CNN's Wolf Blitzer moderating 2010 Delaware Senate debate Oct 13, 2010

Chris Coons: My county was one of only 30 earning Triple-A bond rating

Q: As County Executive, you raised property taxes 3 times, 25% hike last year. You proposed new taxes on hotels, paramedic services, even 911 calls from cell phones. Is that true?

COONS: No. It's not true that we proposed a tax on the calls to the 911 center. Today, New Castle County has a surplus. When I became executive in '05, it had a deficit. I have worked hard over six years to defend a very significant reserve, which has made it possible for us to continue to have a Triple-A bond rating. Out of roughly 3,000 counties in America, roughly 30 have a Triple-A bond rating, and I reached a bipartisan solution that cut more in spending than was raised in taxes.

O'DONNELL: You've been criticized for saying that you brought the county to Triple A bond rating. You inherited that good rating.

COONS: Each time you go to the bond market, you are re-rated. Moody's said that it was because of the conservative fiscal policies of my administration that we have re-earned a Triple A bond rating.

Source: CNN's Wolf Blitzer moderating 2010 Delaware Senate debate Oct 13, 2010

Christine O`Donnell: My financial problems let me relate to families' suffering

Q: You had an IRS lien for about $12,000 in taxes and penalties from '05. There was an '08 mortgage default judgment on your home. You just received your bachelors degree because it took a decade to pay off the tuition. How can voters rely upon your thoughts on how to manage the deficit if you're having such personal financial issues?

O'DONNELL: On that IRS tax lien, the IRS already admitted that it was a computer error. You mentioned education. I don't have a trust fund. I didn't come from a privileged, sheltered background as my opponent says he did.

Q: Let's stay to the issue of paying bills.

O'DONNELL: I paid for my own college education. When I fell upon difficult times, I made the sacrifices needed to set things right. I sold my house. And I sold a lot of my possessions in order to pay of my personal debt and to become in a stronger position. I can relate to the thousands of Delaware families that are suffering right now.

Source: CNN's Wolf Blitzer moderating 2010 Delaware Senate debate Oct 13, 2010

Chris Coons: Bailout was done too fast and put billions at risk

O'Donnell repeatedly emphasized her concerns over the growth of government and stressed "private-sector solutions" on a range of questions.

The Democrat pitched himself as independent of his party in Washington, saying, "I would not have supported the bailout," because he said it was done too fast and "put hundreds of billions of taxpayer dollars at risk."

Source: The Hill coverage of 2010 Delaware Senate debate Sep 16, 2010

  • The above quotations are from State of Delaware Politicians: Archives.
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2012 Presidential contenders on Budget & Economy:
  Democrats:
Pres.Barack Obama(IL)
V.P.Joe Biden(DE)

Republicans:
Gov.Mitt Romney(MA)
Rep.Paul Ryan(WI)
Third Parties:
Green: Dr.Jill Stein(MA)
Libertarian: Gov.Gary Johnson(NM)
Justice: Mayor Rocky Anderson(UT)
Constitution: Rep.Virgil Goode(VA)
Peace+Freedom: Roseanne Barr(HI)
Reform Party: André Barnett(NY)
AmericansElect: Gov.Buddy Roemer(LA)
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Page last updated: Dec 16, 2013