State of Ohio Archives: on Budget & Economy
Make big banks split their commercial & investment practices
Sittenfeld knocked Strickland for voting to repeal the˙Depression-era banking law˙Glass-Steagall, which made big banks split their commercial and investment practices.
Commenting when the topic came up during the Democratic presidential debate, Sittenfeld wrote on Twitter, "Agree we need to re-instate Glass Steagall, and
Ted Strickland should agree to debates to explain why he voted for its repeal."
While liberal presidential candidates Sen. Bernie Sanders (I-VT) and
Martin O'Malley (D-MD) support the reinstatement of the law, Hillary Clinton--an ally to Strickland--dismissed the idea.
Source: The Free Beacon on 2016 Ohio Senate race
Oct 14, 2015
Trickle-down economics has not worked for vast majority
Rob Portman does a good job of coming off as moderate. But his actual voting record tells something of a different story. He's been a long-time supporter of trickle-down economics. That has not worked for the vast majority of Americans.
We saw multiple enormous tax cuts for the wealthiest Americans, and that was part of what paved the way for the Great Recession. In terms of the recovery not being equally shared, virtually 100% of the income gains are going to the top 5%.
Source: OTI transcript of Cincinnati Enquirer: 2016 Ohio Senate race
May 12, 2015
Budget director for President George W. Bush
Fisher said Portman is responsible for the national recession due to his policies as budget director for former President George W. Bush. Portman says Fisher was in charge of job creation in Columbus when
Ohio lost 400,000 jobs.
A big moment came when Fisher evoked the name of legendary Buckeye coach Woody Hayes when talking about saving jobs at plants like
Cooper Tire in Findlay. "It means that we're going down that field, just like Woody Hayes did. Three yards and a cloud of dust, and we are not giving up," he said.
Portman responded by saying, "I think it's an insult to Woody Hayes' incredible record at Ohio State to somehow compare him to what's happening in Ohio the last four years. It hasn't been a successful game. We've been losing the game."
Source: WTOL-11 coverage of 2010 Ohio Senate debate
Oct 5, 2010
Reduce deficit with pay-as-you-go budget rules
I support common-sense economic principles: fiscal discipline, living within our means, rewarding hard work, investing in our people, and growing a strong middle class. In the Senate, I will fight to reduce the deficit and support pay-as-you-go
budget rules to make sure Congress lives within its means. I also will fight to implement tax policies that reward work, support middle-class families, and encourage investment and job creation.
Source: 2010 Senate campaign website, fisherforohio.com, "Issues"
Dec 25, 2009
Keep budget balanced without new taxes; hold spending
A tight budget requires tough decisions. In making those decisions, I had three goals:
Source: 2001 State of the State Address to Ohio Legislature
Jan 24, 2001
- To balance the budget without new taxes. We’ve done that.
- To hold the line on spending for overhead and reduce the size of the bureaucracy.
We’ve done that.
- And finally, and most importantly, to invest 50 percent of all new spending in education at all levels. I’m proud to report we’ve done that, too!
Page last updated: Dec 11, 2015