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David Walker on Budget & Economy

 

 


Revise and respect the Constitutional spending cap

Connecticut's budget is not balanced based on honest accounting and a reasonable definition of expenditures. Spending needs to be restructured and brought under control. We need to revise and respect the Constitutional spending cap, balance the state budget, and prohibit the use of debt to fund normal government operations. In addition, given Connecticut's poor financial condition, the Governor should make expanded use of his/her line item veto authority. Importantly, restoring economic vitality in Connecticut is an essential element to achieving fiscal sustainability.

Financial Condition: Connecticut has the highest liabilities and unfunded promises per taxpayer of any state. It's time to recognize reality--Connecticut's state government has grown too big, promised too much, and needs to be restructured. Connecticut must develop a comprehensive strategy to appropriately restructure the related programs and gain better control of its commitments.

Source: 2014 CT Lt. Gubernatorial campaign website, WalkerForCT.com , Jul 2, 2014

Annual limit on most major categories of spending & revenues

Q: How would you cut spending?

A: Place an annual limit on all major categories of spending other than interest (because we can't) and Social Security (because we can reform the program and make it solvent, secure, affordable and sustainable). Limit how much federal revenues as a percentage of the economy the federal government can take absent a formal declaration of war by the Congress.

Source: Email interview on presidential race with OnTheIssues.org , Apr 3, 2012

3 parts spending cuts to 1 part tax increase via reforms

Q: When you think about the US budget deficit, which of the following solutions is closest to your opinion?A: Choice B. I believe that the ratio needs to be about three parts spending cuts to one part taxes, excluding interest, as part of comprehensive tax reform.
Source: AmericansElect phone questionnaire by OnTheIssues.org , Mar 30, 2012

Comprehensive tax reforms, capping tax at 20.5% of GDP

Q: Would you raise taxes?

A: While we need to have more revenue, we can solve the problems at a lower level of revenue as a percentage of the economy from where we are headed under current law. We should cap the total revenues that the federal government can take, and place a limit on all major categories of federal spending other than Social Security and interest (because we can't).

Q: At what percentage of the economy should revenue be capped?

A: It could be 20.5% of GDP.

Source: AmericansElect phone questionnaire by OnTheIssues.org , Mar 30, 2012

Other governors on Budget & Economy: David Walker on other issues:
CT Gubernatorial:
Dan Drew
Dan Malloy
Larry Kudlow
Linda McMahon
Prasad Srinivasan
Tom Foley
CT Senatorial:
Chris Murphy

Gubernatorial Debates 2017:
NJ: Guadagno(R) vs.Phil Murphy(D, won 2017 primary) vs.Ray Lesniak(D, lost 2017 primary) vs.Mayor Steve Fulop(declined Dem. primary, Sept. 2016) vs.Lesniak(D) vs.Wisniewski(D) vs.Ciattarelli(R) vs.Rullo(R)
VA: Gillespie(R) vs.Perriello(D) vs.Wittman(R) vs.Wagner(R) vs.Northam(D)
Gubernatorial Debates 2018:
AK: Walker(i) vs.(no opponent yet)
AL: Kay Ivey(R) vs.Countryman(D) vs.David Carrington (R) vs.Tommy Battle (R)
AR: Hutchinson(R) vs.(no opponent yet)
AZ: Ducey(R) vs.David Garcia (D)
CA: Newsom(D) vs.Chiang(D) vs.Villaraigosa(D) vs.Delaine Eastin (D) vs.David Hadley (R) vs.John Cox (R) vs.Zoltan Istvan (I)
CO: Ed Perlmutter (D) vs.Johnston(D) vs.Mitchell(R) vs.Cary Kennedy (D) vs.George Brauchler (R) vs.Doug Robinson (R)
CT: Malloy(D) vs.Drew(D) vs.Srinivasan(R) vs.David Walker (R)
FL: Gillum(D) vs.Graham(D) vs.Mike Huckabee (R) vs.Adam Putnam (R)
GA: Kemp(R) vs.Casey Cagle (R) vs.Hunter Hill (R) vs.Stacey Abrams (R)
HI: Ige(D) vs.(no opponent yet)
IA: Kim_Reynolds(R) vs.Leopold(D) vs.Andy McGuire (D) vs.Nate Boulton (D)
ID: Little(R) vs.Fulcher(R)
IL: Rauner(R) vs.Kennedy(D) vs.Pawar(D) vs.Daniel Biss (D) vs.J.B. Pritzker (D)
KS: Brewer(D) vs.Wink Hartman (R)
MA: Baker(R) vs.Gonzalez(D) vs.Setti Warren (D) vs.Bob Massie (R)
MD: Hogan(R) vs.Alec Ross (D) vs.Richard Madaleno (D)
ME: (no candidate yet)
MI: Whitmer(R) vs.El-Sayed(D) vs.Tim Walz (D)
MN: Coleman(D) vs.Murphy(D) vs.Otto(D) vs.Tina Liebling (DFL) vs.Tim Walz (DFL) vs.Matt Dean (R)
NE: Ricketts(R) vs.(no opponent yet)
NH: Sununu(R) vs.Steve Marchand (D, Portsmouth Mayor)
NM: Grisham(D) vs.(no opponent yet)
NV: Jared Fisher (R) vs.(no opponent yet)
NY: Cuomo(R) vs.(no opponent yet)
OH: DeWine(R) vs.Schiavoni(D) vs.Sutton(D) vs.Taylor(R) vs.Jim Renacci (R) vs.Jon Husted (R) vs.Connie Pillich (D)
OK: Gary Richardson (R) vs.Connie Johnson (D)
OR: Brown(D) vs.Scott Inman (D)
PA: Wolf(D) vs.Wagner(R)
RI: Raimondo(D) vs.(no opponent yet)
SC: McMaster(R) vs.McGill(R) vs.Pope(R)
SD: Noem(R) vs.Jackley(R)
TN: Green(R) vs.Dean(D)
TX: Abbott(R) vs.(no opponent yet)
VT: Scott(R) vs.(no opponent yet)
WI: Walker(R) vs.Harlow(D)
WY: (no candidate yet)
Newly-elected governors (first seated in Jan. 2017):
DE-D: Carney
IN-R: Holcomb
MO-R: Greitens
NH-R: Sununu
NC-D: Cooper
ND-R: Burgum
VT-R: Scott
WV-D: Justice

Retiring 2017-18:
AL-R: Robert Bentley(R)
(term-limited 2018)
CA-D: Jerry Brown
(term-limited 2018)
CO-D: John Hickenlooper
(term-limited 2018)
FL-R: Rick Scott
(term-limited 2018)
GA-R: Nathan Deal
(term-limited 2018)
IA-R: Terry Branstad
(appointed ambassador, 2017)
ID-R: Butch Otter
(retiring 2018)
KS-R: Sam Brownback
(term-limited 2018)
ME-R: Paul LePage
(term-limited 2018)
MI-R: Rick Snyder
(term-limited 2018)
MN-D: Mark Dayton
(retiring 2018)
NM-R: Susana Martinez
(term-limited 2018)
OH-R: John Kasich
(term-limited 2018)
OK-R: Mary Fallin
(term-limited 2018)
SC-R: Nikki Haley
(appointed ambassador, 2017)
SD-R: Dennis Daugaard
(term-limited 2018)
TN-R: Bill Haslam
(term-limited 2018)
WY-R: Matt Mead
(term-limited 2018)
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Page last updated: Jul 12, 2017