Self proclaimed “good steward of taxpayer money” votes to raise federal debt ceiling to pay for runaway Democrat spending he supported
(Fair Haven, NJ) 12th District Republican congressional candidate Fair Haven Mayor Mike Halfacre today criticized Congressman Rush Holt for voting to increase the federal debt ceiling Wednesday, saying that the measure was due in large part to the massive increase in federal spending supported by Holt and Congressional Democrats, and accusing Holt of hypocrisy on the issue.
“Yesterday, Rush Holt, Nancy Pelosi, and the Democrat-controlled Congress voted to increase the federal debt ceiling to pay for their out of control spending which resulted in a record $1.4 trillion budget deficit this year” said Halfacre. “At some point that money has to be paid back, and it’s going to be paid back with higher taxes.”
Halfacre also pointed out that Holt had made numerous public statements in previous years opposing increases in the national debt, opposing increases in the debt ceiling, and against pushing current obligations onto future generations (see attached).
“Apparently, Mr. Holt was only against budget deficits and debt when it was politically convenient. Now that his party is in the majority and he has a chance to influence fiscal policy, he has done a complete 180 degree turn and has vocally supported every one of the Obama/Pelosi/Reid spending initiatives which put the United States on the brink of default. That is hypocritical, and worse, it is irresponsible for the country and for the residents of the 12th Congressional District.”
Last week, Congress passed a $1.1 trillion spending bill which represents annual appropriations increases averaging almost 10% for the agencies covered, a figure well above the rate of inflation. Containing over 5,000 earmarks, the appropriations bill increases discretionary spending by 8%.
Halfacre concluded by saying, “In the recent gubernatorial election, New Jersey voters rejected Jon Corzine and his borrow, spend and tax policies- yet for some reason, Rush Holt continues to support those same policies in Washington DC. As Mayor of Fair Haven I CUT property taxes two years in a row and constantly look for ways to take less of people’s money, not more. In November 2010, the people of the 12th District are going to have a clear choice who will truly be a good steward of taxpayer money.”
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RUSH HOLT’S PREVIOUS STATEMENTS ON DEFICITS, DEBT, AND FISCAL RESPONSIBILITY
“During my time in Congress, I have always strived to be a good steward of taxpayer money.” (Rush Holt statement on his House website, July, 2009) http://holt.house.gov/list/press/nj12_holt/072309.html
“Rush Holt fights for the priorities which matter to central New Jersey; responsible fiscal policies so that our children will not be left with a mountain of debt…” (Statement to Project Vote Smart)
http://www.votesmart.org/speech_detail.php?sc_id=419309&keyword=&phrase=&contain=
"Holt, a plasma physicist turned politician, provided an out-of-town preview of the type of opposition Democrats are preparing to mount against Bush's plan for restructuring the Social Security system...He warned about the long-term costs and potential debate resulting from Bush's idea, saying it could be "not just spending the kids' inheritance, but putting them into debt."The Washington Post, February 14, 2005
Mr. HOLT. Mr. Chairman, I rise in opposition to the Republican budget resolution. The Republican budget resolution is no plan to bring the budget back to balance. The Republican budget includes a deficit for 2006 of $372 billion, and a deficit for 2007 of $348 billion. These deficits mean that, under Republican policies, the five largest deficits in history will have occurred in five consecutive years. Over the next five years (2007-2011), the budget resolution calls for deficits totaling $1.1 trillion.
Since this Administration took office, it has requested and the Congress has provided four increases in the statutory debt ceiling totaling $3 trillion. Under this budget, by 2011 the statutory debt will increase by another $2.3 trillion, for a total increase of $5.3 trillion. It will leave the statutory debt at a record level of $11.3 trillion. The President's reckless economic policies have doubled our nation's debt. Further, I am concerned by the amount of the debt that has been accumulated by foreign bank, individuals and governments. In 1980, 17 percent of the federal debt held by the public was in foreign hands. By 2006, 45 percent of the debt held by the public was owned overseas. Unfortunately, this trend seems to be increasing rapidly. During the past year, approximately 90 percent of the debt we have accumulated has been purchased by foreign banks, individuals and governments. (Floor of the House, 05/17/2006)(Source: Project Vote Smart)
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A trillion here and a trillion there and pretty soon you're talking about real money. But let's look at what's happening in this country while Rush Holt is mortgaging our grandchildren's future to make Nancy Pelosi and Pacific Heights California happy. Remember New Orleans? Remember Hurrican Katrina? Remember the hundreds of thousands of people who lost their homes there? Remember the mobile homes in which they're still living? Do you know what Rush Holt has done for these Americans? Nothing. Absolutely nothing. Why would he? Isn't it just easier to blame George Bush for the hurricane then spend money to help people out. Today, Hilary Clinton announced that the U.S. backed a 100 billion dollar A YEAR aid program for the "poorer" nations to enable them to fight climate change. No one has explained how even ten cents of that money can effect climate change, but that's another story. It's reasonable to believe that 5 to 10 billion of that per year will come from the U.S. at least, probably more. What do you think 10 billion dollars a year would have done to build houses for the homeless in New Orleans? Aren't they the victims of "climate change?" What do you think ten billions of dollars a year would do to rebuilding the levees in a way that will guarantee that New Orleans will not flood again? What do you want to bet that our ten billion dollars a year will go mostly to corrupt politicians overseas who will use the money to build themselves mansions and palaces and suppress their own people while the residents of New Orleans stay homeless? And Rush Holt will back all of this. Because Rush Holt will do whatever Nancy Pelosi tells him to do. We really do need change we can believe in.
Halfacre should start practicing his concession speech now. Here, let me help him out ... "I've have just called Rush Holt to congratulate him on his re-election to a seat in the House of Representatives" ... "We fought the good fight" ... "We were outspent but not outclassed" ... "It is very difficult to beat an incumbent" ... "We'll be back" ... yada, yada, yada ... Bottom line: Holt beats Halfacre in a landslide.
Bert: you are asking what Holt has done for us? What about Bush? Bush is largely responsible for placing us in this massive budget defecit that we are currently in! FEMA were the ones that wasted millions and millions of tax payers money on the toxic, nonfunctional trailers for the people displaced in New Orleans. The Bush Administration did nothing to help that situation except for OK all of the wasteful spending which went on throughout the aftermath and clean-up. OUR GRANDCHILDREN'S FUTURE WAS ALREADY SQUASHED INTO NOTHING BY THE TIME BUSH LEFT OFFICE YOU MORON!
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