State of Indiana Archives: on Budget & Economy
Pass the remarkable House budget plan & extend Bush tax cuts
Asked what could be done to cut the $15 trillion federal debt, Lugar, 80, urged the passage of the "remarkable" House budget plan and the extension of Bush-era tax cuts.
Mourdock, 60, called for the elimination of the Energy, Education, Commerce and Housing and Urban Development departments.
Source: Fort Wayne Journal Gazette on 2012 Indiana Senate debate
Apr 12, 2012
Automatic taxpayer refund when reserves exceed 10%
I ask you to vote for lasting spending discipline by enacting an automatic taxpayer refund. When the day comes again when state reserves exceed 10% of annual needs, it will be time to stop collecting taxes and leave them with the people they belong to.
Remember what the Hoosier philosopher said: "It's tainted money. 'Taint yours, and 'taint mine." Beyond some point, it is far better to leave dollars in the pockets of those who earned them than to let them burn a hole in the pockets of government.
Source: 2011 Indiana State of the State Address
Jan 11, 2011
Stimulus legislation prevented going into a depression
Coats has criticized Ellsworth for voting in favor of the health care overhaul and stimulus programs. Ellsworth believes the stimulus legislation prevented a worse situation. "We made drastic improvements to save us from going into a depression,"
Coats said voters are unhappy with federal government, and he accuses Ellsworth of being lockstep with his party leaders. "Clearly, a lot of Hoosiers are not happy with what's come out of Washington these last two years.
90% of what's come out has been supported by my opponent," Coats said. "There's a lot of enthusiasm for change in Washington."
Ellsworth said Coats' claim that he has voted in line with Obama and House Speaker Nancy Pelosi 90% of the time is misleading
He said those votes could include anything from naming a post office to honoring a sports team. "I have one of the most independent voting records in Congress, and I had a more conservative voting record than four Republicans," Ellsworth said.
Source: News & Tribune coverage of 2010 Indiana Senate debate
Oct 24, 2010
Voted for bailout, health care law and stimulus bill
Ellsworth attacked Coats for the years he spent lobbying in Washington saying the former senator took stands on issues--including the bank bailout and stimulus funding--based on who paid his law firm the most money. "That's not right for Hoosiers,"
Ellsworth said. "We need people who stand up for us, for Hoosiers and base their decisions on what they hear only from the people back home."
Coats battled back, saying that it was his law firm--not him personally--who represented clients on those
issues. He pointed instead at Ellsworth, saying that the Democrat's votes for the bailout, health care law and stimulus bill put the country in almost insurmountable debt. "I can understand that someone who went to Washington talking like a conservative
here at home--but followed the agenda of Nancy Pelosi and Barack Obama nearly 90% of the time--would not want to come home and talk about that," Coats said.
Source: Louisville Courier-Transcript on 2010 Indiana Senate debate
Oct 22, 2010
Commitment to no new spending unless offset & paid for
Coats said the nation is facing serious problems with the economy as it enters the third year of the recession. "We have not seen light at the end of the tunnel," said Coats. "We have a long way to go."
President Barack Obama's "summer of recovery" has been anything but, Coats said. Coats lambasted
Democrats for spending at a pace that's unsustainable and piling up debt the nation cannot pay back. "There has to be a commitment to no new spending without it being offset and paid for," said
Coats. "No more swiping the credit card and pumping and using debt to finance new spending."
This election, Coats said, needs to be relative to restoring the economy for future generations.
Source: Evansville Courier Press on 2010 Indiana Senate debate
Oct 13, 2010
Focus during slowdown on education & vulnerability
In just the past four years we have invested record amounts in our public schools, our colleges and universities, and our roads and bridges. And, we have returned $1.5 billion to Hoosier taxpayers. My spending priorities [for the coming year] are:
These are my spending priorities based on our available revenues. Because our economy is cooling down, our reserve is precariously low. Most of that reserve - about $600 million in the Rainy Day Fund and $265 million in the Tuition Support Fund -
cannot be used unless certain conditions are met. That is why I am proposing that we use $410 million of surplus gaming money to pay for some of these priority spending items and help us get through this economic slowdown.
Source: 2001 State of the State address to Indiana legislature
Jan 17, 2001
- Continuing to improve our public schools
- Supporting our most vulnerable Hoosiers
- Making sure our working men and women have 21st Century skills; and
- Continuing important state services.
Page last updated: Dec 16, 2013