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Elizabeth Warren on Budget & Economy
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Balanced approach to deficit reduction
Warren said she favored a "balanced approach" to deficit reduction--one of President Obama's favorite euphemisms for tax increases. Brown sought to depict Warren as a tax-increaser, and he deflected her attacks, saying: "Her criticism of me is that
I'm not gonna raise taxes, and that's an accurate criticism." He said of Professor Warren, "she's obsessed with raising taxes. The first thing, every single time, is to raise taxes."
Source: FutureOfCapitalism.com on 2012 Mass. Senate Debate
, Sep 21, 2012
Deregulation has created Wild West conditions at banks
She crisscrossed the country, spreading the word about the Consumer Financial Protection Bureau. She spoke about her belief in free markets & in government regulation as a mechanism that protected free enterprise by ensuring that the markets functioned
fairly and honestly.In those speeches she would outline the impact on middle-class Americans of rising health-care costs, burgeoning debt, and the depletion of not only their savings but also, with the rise in joblessness, their confidence.
She spoke of "the Wild West" conditions deregulation had created, where banks could sell virtually any product they wanted, on any terms: mortgages they knew consumers could not pay off, credit cards whose rates they could raise at whim.
Her final remarks: "We cannot run our country without a strong middle class. We cannot run a democracy without a strong middle class," she said, her voice quavering slightly. "If we hollow out the middle class, then the country we know is gone."
Source: By Suzanna Andrews in Vanity Fair, "Woman Who Knew Too Much"
, Nov 1, 2011
Increased financial transparency and accountability
Markets work. Capitalism works with a set of rules. We can make the system work with regulation. I'm not somebody who believes it's time to throw the whole thing out. But regulation has got to support it.
And the way it supports it, is it increases transparency in this system, it increases honesty in the system. It increases accountability in the system. When you get those things there's plenty of room to make profits. There's plenty of room to be rich,
I'm all for that. But it's got to be profits that were made honestly. It's got to be profits made from bringing something new and valuable to the marketplace not just figuring out the newest trend.
You know I hate to say it but something like regulatory reform sounds so boring that I may fall asleep when I say it.
Source: YouTube: NWO Economics Series, video BZWY4LJ789Y
, Apr 1, 2010
Harsher rules on credit agencies
The rules are the same. Nothing has changed. The laws have not changed.
They continue to run their credit rating agencies in the way they believe will best enhance their own profits and revenues. You have to change the rules of the road.
Source: YouTube: NWO Economics Series, video BZWY4LJ789Y
, Apr 1, 2010
Opposes a constitutional BBA.
Warren opposes the CC Voters Guide question on a constitutional BBA
Christian Coalition publishes a number of special voter educational materials including the Christian Coalition Voter Guides, which provide voters with critical information about where candidates stand on important faith and family issues.
The Christian Coalition Voters Guide summarizes candidate stances on the following topic: "Passage of a Balanced Budget Amendment to the U.S. Constitution"
Source: Christian Coalition Voter Guide 12-CC-q11c on Oct 31, 2012
Page last updated: Apr 21, 2013
