{"id":40308,"date":"2012-05-24T22:28:25","date_gmt":"2012-05-25T04:28:25","guid":{"rendered":"http:\/\/www.nmpolitics.net\/index\/?p=40308"},"modified":"2012-05-25T06:30:58","modified_gmt":"2012-05-25T12:30:58","slug":"1st-district-candidates-talk-about-federal-debt","status":"publish","type":"post","link":"https:\/\/nmpolitics.net\/index\/2012\/05\/1st-district-candidates-talk-about-federal-debt\/","title":{"rendered":"1st District candidates talk about federal debt"},"content":{"rendered":"<div id=\"attachment_38162\"  class=\"wp-caption module image alignnone\" style=\"max-width: 600px;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-38162\" title=\"US Capitol\" src=\"http:\/\/www.nmpolitics.net\/index\/wp-content\/uploads\/2012\/03\/US-Capitol1.jpg\" alt=\"The U.S. Capitol Building in Washington D.C.\" width=\"600\" height=\"365\" srcset=\"https:\/\/nmpolitics.net\/index\/wp-content\/uploads\/2012\/03\/US-Capitol1.jpg 600w, https:\/\/nmpolitics.net\/index\/wp-content\/uploads\/2012\/03\/US-Capitol1-336x204.jpg 336w, https:\/\/nmpolitics.net\/index\/wp-content\/uploads\/2012\/03\/US-Capitol1-300x182.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><p class=\"wp-caption-text\">The U.S. Capitol Building in Washington D.C. (Photo by Heath Haussamen)<\/p><\/div>\n<h4>The Democrats\u2019 ideas for addressing the debt include ending tax cuts for the wealthy and U.S. involvement in Afghanistan; Republican Janice Arnold-Jones says the federal government must balance its budget.<\/h4>\n<p><em><em><em>This post continues a series on the\u00a0<a href=\"http:\/\/www.nmpolitics.net\/index\/tag\/senate-policy-questions\/\" target=\"_blank\">U.S. Senate<\/a>\u00a0and\u00a0<a href=\"http:\/\/www.nmpolitics.net\/index\/tag\/1st-district-policy-questions\/\" target=\"_blank\">1st Congressional District<\/a>\u00a0candidates\u2019 stances on various policy issues.<\/em><\/em>\u00a0NMPolitics.net intended to run this post a month ago and only today discovered that we had dropped the ball completely. We apologize to our readers, the candidates and the voters for that.<\/em><\/p>\n<p>The three Democrats seeking New Mexico\u2019s 1st Congressional District seat in the U.S. House share many ideas for reducing the nation\u2019s debt, while the lone Republican in the race says the simple answer is balancing the nation\u2019s budget.<!--more--><\/p>\n<p>For example, Democrats <a href=\"http:\/\/www.michellelujangrisham.com\/\" target=\"_blank\">Michelle Lujan Grisham<\/a>, <a href=\"http:\/\/martychavez.com\/\" target=\"_blank\">Marty Ch\u00e1vez<\/a> and <a href=\"http:\/\/griegoforcongress.com\/\" target=\"_blank\">Eric Griego<\/a> all agree that tax cuts for the wealthy should end, and that the United States should conclude its involvement in the war in Afghanistan.<\/p>\n<p>\u201cI agree that we need to cut the deficit, but we need to do it the right way,\u201d Grisham told NMPolitics.net. \u201cWe can cut the deficit without sacrificing our core beliefs or abandoning our commitment to our most vulnerable citizens.\u201d<\/p>\n<p>\u201cWhile everyone can agree we need to fix this deficit, I refuse to do it on the backs of New Mexico\u2019s working families and seniors who did nothing to create the problems we face today,\u201d Ch\u00e1vez said.<\/p>\n<p>\u201cIf Congress is serious about reducing the national debt, they must stop coddling millionaires and Wall Street bankers,\u201d Griego said.<\/p>\n<p>Republican <a href=\"http:\/\/janice2012.us\/\" target=\"_blank\">Janice Arnold-Jones<\/a>, meanwhile, said the federal government must stop spending more than it takes in using a \u201ccomprehensive plan that includes a combination of tax reform and simplification, entitlement reform, spending reductions and a commitment to a plan that will put our national debt on a clear path downward.\u201d<\/p>\n<p>\u201cIf Congress follows its own rules, our government will be forced to stop spending more money than our government has,\u201d she said. \u201cIt\u2019s a simple concept!\u201d<\/p>\n<h3>The questions<\/h3>\n<p>The 1st Congressional District candidates made their comments in response to questions from NMPolitics.net about the economy. NMPolitics.net gave them no word minimum or limit, telling them to say what they had to say. The only criterion was that they not engage in personal attacks.<\/p>\n<p>Here are the questions NMPolitics.net asked:<\/p>\n<ul>\n<li>The United States\u2019 debt has become a major issue \u2013 politically and otherwise \u2013 in recent years, especially as nations like Greece, Italy and Portugal struggle to deal with overwhelming problems. How serious is the problem in the United States?<\/li>\n<li>What specific funding cuts and\/or revenue increases will you support to get the problem under control?<\/li>\n<li>What policy changes, if any, are needed to address the problem?<\/li>\n<\/ul>\n<p>Their responses, published in their entirety:<\/p>\n<div id=\"attachment_36146\"  class=\"wp-caption module image alignright\" style=\"max-width: 270px;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-36146\" title=\"lujan-grisham-michelle-2\" src=\"http:\/\/www.nmpolitics.net\/index\/wp-content\/uploads\/2012\/02\/lujan-grisham-michelle-2.jpeg\" alt=\"Michelle Lujan Grisham (Courtesy photo)\" width=\"270\" height=\"251\" \/><\/a><p class=\"wp-caption-text\">Michelle Lujan Grisham (Courtesy photo)<\/p><\/div>\n<h3>Michelle Lujan Grisham<\/h3>\n<blockquote><p>\u201cThe debt problem in the U.S. is different from the crisis in Europe in unique ways. Not only have we had to shoulder the majority of the financial burden of two major wars during the last decade; economists agree that the Bush tax cuts for the wealthy have contributed the most to our current deficit without creating the jobs our former president promised.<\/p>\n<p>\u201cFortunately, President Obama has pulled our troops out of Iraq and he has a plan to bring our troops home from Afghanistan, although I prefer they return sooner.<\/p>\n<p>\u201cI agree that we need to cut the deficit, but we need to do it the right way. As a former secretary of health, I know exactly where to look to find waste and fraud in Medicare and Medicaid. I know how to streamline spending, focus more on preventative health care and get a handle on the excessive spending on end-of-life medical care. We can cut the deficit without sacrificing our core beliefs or abandoning our commitment to our most vulnerable citizens.<\/p>\n<p>\u201cAs a an effective reformer, I will stand up to special interests and finally end the tax breaks for Big Oil and get rid of corporate tax loopholes. People are struggling. We must put regular people ahead of corporate special interests. Passing the Buffet Rule into law and making millionaires pay at least 30 percent of their wealth in tax is a first step.<\/p>\n<p>\u201cThe next logical step is to finally end the Bush tax cuts for the wealthy and give tax cuts to the middle class. With a fair tax system, we can afford to protect Social Security and safeguard Medicare from the draconian cuts that Republicans have proposed. The Republicans want to take away the safety nets for the people who are hurting the most, while making all of the Bush tax cuts permanent, including all the cuts for the wealthy.<\/p>\n<p>\u201cMy Republican opponent, who will march to the orders of the Republican House leadership, will vote for the Ryan budget plan that ruins Medicaid by turning it into a block grant program, potentially leaving 19 million people without care. Republicans don\u2019t understand that health care is an economic driver in New Mexico. Their cuts to Medicare will wipe out entire hospitals here, and force New Mexicans to raise taxes at the state and local levels if they want access to health care.<\/p>\n<p>\u201cFormer President Clinton had the right idea. He and Democrats made\u00a0the wealthy pay their fair share. Our fairer tax system, combined with the right investments, resulted in economic growth and millions more jobs. That effort balanced the budget. We need to do it again.<\/p>\n<p>\u201cWhen I am elected, I will fight for New Mexicans, especially senior citizens and vulnerable families, and ensure that spending cuts are made in a sensible, targeted way, while investing in our priorities.\u201d<\/p><\/blockquote>\n<div id=\"attachment_37963\"  class=\"wp-caption module image alignright\" style=\"max-width: 270px;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-37963\" title=\"Chavez, Marty\" src=\"http:\/\/www.nmpolitics.net\/index\/wp-content\/uploads\/2012\/03\/Chavez-Marty.jpg\" alt=\"Marty Ch\u00e1vez (Courtesy photo)\" width=\"270\" height=\"232\" \/><\/a><p class=\"wp-caption-text\">Marty Ch\u00e1vez (Courtesy photo)<\/p><\/div>\n<h3>Marty Ch\u00e1vez<\/h3>\n<blockquote><p>\u201cWhile everyone can agree we need to fix this deficit, I refuse to do it on the backs of New Mexico\u2019s working families and seniors who did nothing to create the problems we face today.<\/p>\n<p>\u201cAs we\u2019re solving the current financial mess, it\u2019s important to understand how we got here. George Bush gave massive tax breaks to the rich and sent the children of working families overseas to fight two wars he didn\u2019t pay for.<\/p>\n<p>\u201cAnd when Congress called off the regulators, Wall Street went wild, looting our economy and running off with every last dime they could shove in their pockets. I promise that as we fix our deficit, it will not be done on the backs of the middle class and working poor. It will not be done at the expense of Social Security, Medicare or Medicaid. It will be done on the backs off the Wall Streeters and job exporters who today are making more money than ever.<\/p>\n<p>\u201cIn Congress, I will fight to repeal the Bush tax cuts for those making over $250,000 per year and work to bring our troops home from Afghanistan as safely and quickly as we can.<\/p>\n<p>\u201cMy comprehensive understanding of what moves the levers of our economy will be vital as we take on the gamblers who destroyed our economy and make sure that they can never harm us like this again.<\/p>\n<p>\u201cThe recent budget proposals by Paul Ryan and the GOP destroy Medicare and Medicaid as we know it. In Congress, I will hold Republicans accountable and fight to strengthen and improve these programs because it\u2019s unfair to ask seniors to shoulder higher costs while giving a tax breaks to the richest few.<\/p>\n<p>\u201cThis kind of wholesale destruction of health care security for the most vulnerable New Mexicans is completely unacceptable. The distance between the values and priorities that this budget are based on and mine could not be farther apart.<\/p>\n<p>\u201cAt a time when it\u2019s incredibly clear that what we need are more American jobs, the GOP has created NEW tax breaks for shipping jobs overseas while lining the pockets of Big Oil and billionaires with even more tax cuts.\u00a0Economists say\u00a0the shock to aggregate demand from\u00a0the devastating\u00a0cuts\u00a0in this budget\u00a0would result in losing roughly 4.1 million jobs through 2014.\u00a0This is the exact opposite of what we need to be doing right now.<\/p>\n<p>\u201cAnother thing Congress can do is help simplify and streamline our tax code\u00a0to make the rules and regulations easier to understand for small business owners. Having certainty and stability will enable business owners to focus on creating jobs and investing in their businesses. We should also remove the loopholes and subsidies that allow mega-corporations to pay little or not taxes and end tax credits for Big Oil and other profitable industries while looking to the industries that will be guiding our economy in the future for investment.<\/p>\n<p>\u201cI also support the creation of an infrastructure bank to help invest in our current and future infrastructure needs including high-speed rail, updated air travel infrastructure, clean energy manufacturing, roads, highways, bridges, our power grid, mass transit, and water and sanitation systems. Investing in these areas will help create thousands of jobs and enable the United States to compete on a global scale in the future.<\/p>\n<p>\u201cAccomplishing these goals won\u2019t be easy, and I know something about taking on tough fights and winning. There\u2019s no question that it will take tough leadership in Congress to break through the red tape and prevail with real solutions for our economy and rebuilding our middle class.\u201d<\/p><\/blockquote>\n<div id=\"attachment_30196\"  class=\"wp-caption module image alignright\" style=\"max-width: 270px;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-30196\" title=\"Griego, Eric\" src=\"http:\/\/www.nmpolitics.net\/index\/wp-content\/uploads\/2011\/06\/Griego-Eric.jpg\" alt=\"Eric Griego (Courtesy photo)\" width=\"270\" height=\"244\" \/><\/a><p class=\"wp-caption-text\">Eric Griego (Courtesy photo)<\/p><\/div>\n<h3>Eric Griego<\/h3>\n<blockquote><p>\u201cOur current high national debt is caused by two simple facts:<\/p>\n<p>\u201cFirst, President George W. Bush spent trillions in tax cuts for millionaires and big corporations and two wars overseas. Then millions of Americans lost their homes and savings because of Wall Street\u2019s irresponsible gambling away of people\u2019s future. America was then saddled with a severe recession and high unemployment \u2013 and deep reduction in personal, business and government revenue. The Bush-era policies and mistakes drove up the deficit and increased the national debt from <a href=\"http:\/\/en.wikipedia.org\/wiki\/United_States_public_debt\" target=\"_blank\">$5.7 trillion to $10.7 trillion.<\/a><\/p>\n<p>\u201cSecondly, inheriting the economic mess and lower tax revenues created under Bush, Democrats and President Obama worked to repair the economy and help people get back on their feet. Unfortunately, Republicans in Congress weakened the Recovery Act and joined Big Oil to kill green jobs legislation that would have created millions of American jobs and made the U.S. the world leader in clean energy. As a result of lower revenue due to the Great Recession, the wars, the extension of Bush tax cuts for the rich, and the recovery programs to turn the economy around, the national debt has climbed further while we wait for a full economic recovery.<\/p>\n<p>\u201cUnfortunately, Republicans in Congress today are insisting on the same failed policies that drove up the deficit and hurt the middle class and small businesses. In their budget plan, they not only call for making the Bush tax cuts for millionaires permanent, but even introduce <a href=\"http:\/\/www.taxpolicycenter.org\/numbers\/displayatab.cfm?Docid=2969&amp;DocTypeID=5\" target=\"_blank\">$2.6 trillion in new wasteful tax breaks for the richest 1 percent and big corporations.<\/a><\/p>\n<p>\u201cEven after the trillions in deficit spending in Iraq and Afghanistan, some in Congress are pushing a war against Iran, while telling our veterans and returning heroes \u2018good luck\u2019 finding a job. Too many in Congress also take big campaign contributions from Wall Street, then fight to de-fund critical consumer protection agencies designed to regulate Wall Street excesses. And instead of working to reduce the skyrocketing cost of health care that is draining on families and businesses, they also take millions from the health insurance industry and work to kick families off of health insurance. They do this all the while calling for cuts to Social Security and Medicare!<\/p>\n<p>\u201cAmerica can\u2019t afford to waste anymore trillions of dollars on taxpayer giveaways to the 1 percent. If Congress is serious about reducing the national debt, they must stop coddling millionaires and Wall Street bankers and work to:<\/p>\n<p>\u201c \u2022 Restore revenue by creating jobs and putting Americans back to work;<\/p>\n<p>\u201c \u2022 Repeal the Bush tax cuts for the richest Americans;<\/p>\n<p>\u201c \u2022 Get millionaires and big corporations to pay their fair share by adopting the Buffett Rule;<\/p>\n<p>\u201c \u2022 Strengthen the Affordable Care Act to bring down the crushing cost of health care; and<\/p>\n<p>\u201c \u2022 Bring our troops home from Afghanistan and avoid getting into another costly war.\u201d<\/p><\/blockquote>\n<div id=\"attachment_38152\"  class=\"wp-caption module image alignright\" style=\"max-width: 270px;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-38152\" title=\"Arnold-Jones, Jaince\" src=\"http:\/\/www.nmpolitics.net\/index\/wp-content\/uploads\/2012\/03\/Arnold-Jones-Jaince.jpg\" alt=\"Janice Arnold-Jones (Courtesy photo)\" width=\"270\" height=\"252\" \/><\/a><p class=\"wp-caption-text\">Janice Arnold-Jones (Courtesy photo)<\/p><\/div>\n<h3>Janice Arnold-Jones<\/h3>\n<blockquote><p>\u201cBeing the world\u2019s largest economy makes the United States\u2019 debt problem incredibly serious. We must fix our debt problem because the world economy depends on the United States to get our\u00a0debt under control.<\/p>\n<p>\u201cThe obvious first step in fixing our debt problem is for the government to stop spending more than it takes in. That means we must balance the budget now \u2013 in 1978, Public Law 95-435 was passed and amended in 1980 by Public Law 96-389 to read: \u2018Congress reaffirms its commitment that budget outlays of the United States Government for a fiscal year may be not more than the receipts of the government for that year.\u2019<\/p>\n<p>\u201cIt\u2019s an important law, \u2018budget outlays of the United States Government for a fiscal year may be not more than the receipts of the government for that year.\u2019 Surely, if the New Mexico Legislature has the discipline to balance its budget annually, the U.S. Congress can do the same.<\/p>\n<p>\u201cIf Congress follows its own rules, our government will be forced to stop spending more money than our government has. It\u2019s a simple concept!<\/p>\n<p>\u201cOf course, this will lead to tough decisions, but we can avoid much of the pain that often comes with tough decisions by hammering out a comprehensive plan that includes a combination of tax reform and simplification, entitlement reform, spending reductions and a commitment to a plan that will put our national debt on a clear path downward.<\/p>\n<p>\u201cDuring this financial crisis we\u2019ve all been forced to come up with comprehensive plans to reduce our personal debt and balance our household budgets, and it is time government do the same.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The three Democrats seeking New Mexico\u2019s 1st Congressional District seat in the U.S. House share many ideas for reducing the nation\u2019s debt, while the lone Republican in the race says the simple answer is balancing the nation\u2019s budget.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[228,281,156,144,285,118,271,116],"class_list":["post-40308","post","type-post","status-publish","format-standard","hentry","category-news-and-analysis","tag-1st-congressional-district-race","tag-1st-district-policy-questions","tag-2012-election","tag-afghanistan","tag-debt-and-deficit","tag-economy","tag-taxes","tag-washington"],"_links":{"self":[{"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/posts\/40308","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/comments?post=40308"}],"version-history":[{"count":0,"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/posts\/40308\/revisions"}],"wp:attachment":[{"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/media?parent=40308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/categories?post=40308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/tags?post=40308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}