Follow Trey
- KYTrey: Good legislative day as our 3 bills that will reduce red tape for businesses & our 2 bills improving elections passed out of committee.
- KYTrey: Visited HQ of Vision Motor Cars which plans to build plug-in electric cars in Whitley Co in near future. http://www.visionmotorcars.com.
- KYTrey: At 13th Region finals watching Corbin & North Laurel play for trip to Sweet 16. North Laurel is coached by my old Dixie teammate Jim Conway.
- KYTrey: Just had lunch with Kate at her elementary school. Had chicken sandwiches, corn, applesauce & milk. I was the only boy at the table.
- KYTrey: Just finished recording KSR podcast. Had a lot of fun talking UK basketball and politics, two of my favorite topics, with @KYSportsRadio.
Federal Budget and National Debt
Both Republicans and Democrats have been irresponsible when it comes to the federal budget, overspending, and our mounting national debt.
The deficit will reach more than $1.4 trillion for this year alone, and there is no end in sight to massive annual deficits.
Borrowing and tax increases have fueled out-of-control spending for too long. The federal government does not tax too little; it spends too much. To control inflation, keep interest rates low, and grow our economy, we simply must get spending under control.
If elected to the U.S. Senate I will co-sponsor a balanced budget amendment to the U.S. Constitution to prohibit spending for each year from exceeding total revenue for the year and to require the President to submit a balanced budget to Congress. Kentucky families have to balance their budgets, and so should the federal government. This bill would force Congress to get spending under control and to hold roll call votes on measures that would increase outlays over expenditures or increase tax revenues. That way the American people can hold them responsible for their spending and revenue choices.
Had I been in the U.S. Senate in the last two years I would have opposed the creation of the Troubled Asset Relief Program (TARP) and the bailouts of failed private businesses. The U.S. government should not be in the business of managing private businesses. I support the Government Ownership Exit Plan bill introduced recently in the U.S. Senate to create an exit strategy for getting the government out of its ownership interests in GM, Chrysler, AIG and hundreds of other private companies.
Allowing our entrepreneurs and small business owners the freedom to innovate and expand their enterprises without undue government intrusion is the best way to create economic growth. I support free markets and the entrepreneurial achievements that have made our country a success.
Find charts and more information about the federal budget at the website of the Congressional Budget Office: http://www.cbo.gov/.
