Tim Kaine on Budget & Economy

Democratic Governor (VA)

Opposes "Cut, Cap and Balance" as all cuts & no balance

In response to today's Senate vote on the Republicans' "Cut, Cap and Balance" legislation, Governor Tim Kaine released the following statement:

"I applaud the Senate's rejection of the Republicans 'All Cuts, No Balance' legislation. By targeting programs like Medicare and Social Security for the deepest cuts while making it harder to ask wealthy individuals and companies to pay their fair share, the Republicans' plan asks everyday Americans bear the entire burden of spending reductions while insulating billionaires and corporations from cuts.

"Instead, our country needs a truly balanced approach to fiscal responsibility that incorporates targeted spending cuts, increased revenue though closing tax loopholes on corporations who don't need them and allowing the Bush tax cuts to expire for the wealthiest individuals and investments in education and infrastructure that will grow our economy."

Source: 2012 Senate campaign website, www.kaineforva.com, "Welcome" , Jul 22, 2011

In 5 years, Bush took us from surplus to deficit

Tonight we heard the president again call to make his tax policies permanent, despite his administration’s failure to manage our staggering national debt. Over the past five years, we’ve gone from huge surpluses to massive deficits.

Now, no parent makes their child pay the mortgage bill. Why should we allow this administration to pass down the bill for its reckless spending to our children and grandchildren?

There’s a better way. Two years ago in Virginia, Democrats and Republicans worked together to reform our budget. By focusing on results, we were able to keep the budget balanced, preserve our strong credit rating and protect the essential services that families rely on: education, health care, law enforcement. States all across this country are doing this right now, as the federal government falls further and further into debt.

Source: Democratic Response to 2006 State of the Union address , Jan 31, 2006

Fiscal discipline kept AAA bond rating

As Lieutenant Governor, Tim Kaine worked with Governor Warner to restore Virginia’s tradition of fiscal discipline and save its triple A bond rating. They brought state spending under control, restored faith in government, and led real budget reform that brought about needed investments in education, public safety, health care, transportation, and the Chesapeake Bay.
Source: Campaign website www.kaine2005.org, “Issues” , Nov 8, 2005

Progress economically via stable finances

As Virginia’s next Governor, Tim Kaine will be committed to furthering the Commonwealth’s economic progress. His Administration will build on the successes of Governor Warner, by keeping a stable financial environment, helping small businesses succeed, saving family farms, fostering competitive regional economies, tapping the strength of Virginia’s tourism attractions and preserving its natural resources.
Source: Campaign website www.kaine2005.org, “Issues” , Nov 8, 2005

Other governors on Budget & Economy: Tim Kaine on other issues:
VA Gubernatorial:
Bob McDonnell
VA Senatorial:
Mark Warner

Newly seated 2010:
NJ Chris Christie
VA Bob McDonnell

Term-limited as of Jan. 2011:
AL Bob Riley
CA Arnold Schwarzenegger
GA Sonny Perdue
HI Linda Lingle
ME John Baldacci
MI Jennifer Granholm
NM Bill Richardson
OK Brad Henry
OR Ted Kulongoski
PA Ed Rendell
RI Donald Carcieri
SC Mark Sanford
SD Mike Rounds
TN Phil Bredesen
WY Dave Freudenthal
Newly Elected Nov. 2010:
AL: Robert Bentley (R)
CA: Jerry Brown (D)
CO: John Hickenlooper (D)
CT: Dan Malloy (D)
FL: Rick Scott (R)
GA: Nathan Deal (R)
HI: Neil Abercrombie (D)
IA: Terry Branstad (R)
KS: Sam Brownback (R)
ME: Paul LePage (R)
MI: Rick Snyder (R)
MN: Mark Dayton (D)
ND: Jack Dalrymple (R)
NM: Susana Martinez (R)
NV: Brian Sandoval (R)
NY: Andrew Cuomo (D)
OH: John Kasich (R)
OK: Mary Fallin (R)
PA: Tom Corbett (R)
RI: Lincoln Chafee (I)
SC: Nikki Haley (R)
SD: Dennis Daugaard (R)
TN: Bill Haslam (R)
VT: Peter Shumlin (D)
WI: Scott Walker (R)
WY: Matt Mead (R)
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Contact info:
Campaign website:
Mailing Address:
PO Box 12307, Richmond, VA 23241
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Page last updated: Nov 28, 2011