I am very concerned about the implications, the effects of this huge new series of regulations, most of which emanate from Dodd-Frank.
Pat Toomey
The Public Record
Patrick Toomey is a former United States Senator from Pennsylvania, serving from 2011 to 2022. A member of the Republican Party, Toomey was known for his focus on fiscal conservatism, economic growth, and limited government. During his tenure, he served on several Senate committees, including the Banking, Housing, and Urban Affairs Committee, where he was involved in financial regulation and economic policy discussions.
I am just asking if you will be a vocal advocate for a strong dollar policy and acknowledge that a strong dollar that maintains its value is a necessary precondition of strong growth.
I would hope so because, as you know, the vast majority of financial institutions in America have no systemic significance, because they are not big enough to.
Surely the President claims his budget replaces sequestration, but he fails to provide a plan that has any chance of passing in Congress.
Erskine Bowles sat in the chair you are in now and said we face the most predictable economic crisis in our Nation's history.
This budget does nothing to effectively help them, but continues a tax-and-spend policy that has not worked.
The administration claims that the increased spending and debt will grow the economy, however.
We are in a danger zone, and there are many ways for us to get out of it, but this budget does not get us out of it.
Your budget would require people to send $1.1 trillion more to Washington at a time when the economy is already weak.
This budget, like the Senate budget, is not a balanced budget, nowhere close to being a balanced budget.
This plan is not balanced, even under the sophisticated understanding of balance propounded by the President.
We can remove the debt cloud, the drag that this debt has over us, and put us on the path to prosperity.
I resent the fact that people suggest that those of us who have a different view of how to help poor people somehow do not care about them.
Compassion and help for the poor and struggling amounts to more than just borrowing money and sending out more money in the form of checks.
As the law requires, the Senate not only has a legal but a moral duty to present the taxpayers with a plan.
What this budget provides is the old-time Democratic religion of tax and spend.
We have no higher obligation as lawmakers than to protect the financial security of the Republic.





