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December 30, 2005

Ford to Opponents: Balance the Budget

Congressman Harold Ford, now a Senate candidate in Tennessee, on the Federal budget vote:

“I support a constitutional amendment to balance the budget. I believe in shared sacrifice and fiscal responsibility. I have always taken the position that it is immoral for our government to live beyond its means and pass on billions of dollars of debt that our children and grandchildren will be forced to pay. Tennesseans expect their Senators to be good fiscal stewards of the tax money they send to Washington, and I strongly believe that these values should be upheld. To lead is to choose and it is time for my opponents to tell the voters of Tennessee how they would vote on the federal budget bill that is presently before Congress.

I will vote no because a failure of leadership and blind partisanship have produced a deficit reduction bill that does nothing to reduce the deficit and, in fact, adds billions to the national debt. Furthermore, I will vote no because the sacrifices for fiscal responsibility, war and natural disasters should be shared. The budget bill fails this test, plain and simple: it makes college loans more expensive, removes children from the food stamp program, cuts health care for middle class Tennessee families, slashes funding to go after dead beat dads and makes it harder for Tennesseans to pay their home heating bills this winter, while providing a $70 billion tax cut for millionaires. It’s morally wrong. Voters are hungering for competence, bi-partisan problem solving and the truth from their leaders. This budget and tax package achieves none of these goals and is yet another example of why we need change and reform in Washington.”

Can we clone this guy?

Posted by Mathew at December 30, 2005 12:07 PM
Comments

Bravo!!

Posted by: Marcus at December 30, 2005 12:32 PM

Anyone know how he's approached this issue during his numerous terms in Congress? Is this a new convert or has he been this outspoken all along? Just curious...

For the record...I like the guy. Always have. Just not that familiar with his prior stances in this area.

Posted by: AR at December 30, 2005 02:38 PM

While Rep Ford appears to have a strong record of fiscal caution I would suggest several things: 1) With entitlements being such a large part of the federal budget, to balance the budget will require a larger influx of dollars to the fed coffers (i.e. taxes) and/or significant cuts in these entitltment programs 2) If I understand correctly the cited cuts in entitlements in this budget were not cuts but decreases in the rate of planned increases 3) Balanced Budget Amendment: didn't get consistent traction in the Republican party in the past. Will it really get any traction in the Democratic Party?

Posted by: c3 at December 30, 2005 02:38 PM

A-men...period

Posted by: Patrick at December 30, 2005 05:41 PM

Ford sure talks purty, don't he?

(I like Ford, but can't resist.)

Posted by: Tully at December 30, 2005 07:27 PM

Sure we can clone this guy. It's called voting for other candidates who make similar pledges.

It is correct to say that neither party will take up a balanced budget amendment, with both so heavily influenced by special interests that benefit from excessive spending. Any such amendment would have to come from a bipartisan coalition of fiscally responsible congressmen, though it would be quite an uphill battle.

Posted by: Clint at December 30, 2005 10:15 PM

Harold Ford is the future, and the hope of America. We really need more people like him to offer real leadership. He's consistently stood for fiscla discipline and common sense issues.

OK, that's sounds a bit like hero-worship I know, but I've always liked Harold Ford.

Posted by: Rafique Tucker at December 30, 2005 11:17 PM

I would like to see spending and deficits controlled better. However, deficits as a percentage of GNP are not out of line with historical norms at all. It is simply not a crisis today.

I hope focusing on deficits does not distract us from the true crisis, which is entitlement spending.

Posted by: Susan at December 31, 2005 06:31 AM

Susan's right, BTW. The deficit's not nearly as bad as cried up to be, and the national debt is nowhere near historic highs. Not that it's a good thing, especially if the load increase carries on unabated, but a balanced budget isn't at all the panacea it is imagined to be. The affordability of debt is a function of income and interest rates, and some government debt is necessary for a smoothly functioning economy.

If you isolate out what Ford is saying by the elements, he's saying that we're not spending and taxing enough. Does the phrase "tax & spend Democrat" ring any bells? Uh huh. Thought it might.

Posted by: Tully at December 31, 2005 10:42 AM

I'll wear "tax and spend" proudly, because it means we actually PAY FOR THE PARTY AS WE GO.

Unlike certain "spend-it-alls" - kids who run up the credit card, SPENDING AT LEAST AS MUCH, I might add.

The numbers have changed little since I posted them. I could update the Bush numbers, but that would just make things worse for you, so I can make a virtue out of laziness.

One of these months I'll have to examine growth rates to see whether deficits or taxes affect growth.

http://www.centristcoalition.com/blog/archives/001227.html

Posted by: Jon Kay at December 31, 2005 03:00 PM

I don't live that far from Tennessee. Maybe I should sneak across the border and vote for this guy.

Posted by: Bob J Young at December 31, 2005 03:36 PM
The numbers have changed little since I posted them. I could update the Bush numbers, but that would just make things worse for you, so I can make a virtue out of laziness.

Nope. Post 'em. Then we can dissect out the portions going to entitlements to show actual discretionary spending.

Posted by: Tully at December 31, 2005 07:02 PM

My argument has nothing to do with entitlements. In fact, I agree that Bush II - level deficits are less of an issue than long-range entitlements. I was just having fun with your invocation of the (ready for bold?) tax-and-spend" Democrats (unbold).

Posted by: Jon Kay at December 31, 2005 07:48 PM

Isn't that exactly what he called for, Jon? :-)

At least Ford throws in the "simplify the tax code" sound bite (though he does it while thinking up new ways to complicate it). A look at his actual positions claiming to add up to "fiscal responsibility" makes his stance a bit more clear--they're impossible to accomplish without gutting the military AND radically increasing taxes on "the rich." And even then they wouldn't balance the budget.

He talks a good game, he has some good ideas, and he's a very appealing fellow. But the particulars of his positions and his actual votes add up to the usual Dem class-warfare demogoguery. Demonize the rich and the Republicans, and promise something for free to everybody else. He's quite good at it. He should be--he had a lifetime of watching his father doing it, and walked into his dad's seat in Congress directly out of law school.

Posted by: Tully at January 1, 2006 12:31 PM

Is it demonizing when he's talking about a true thing, a phenomenon well backed by facts?

Republican Presidents really DO fail to balance budgets, in my experience. Can you show any evidence that Bush places more than a mild priority on keeping the budget balanced? Us Democrats believe keeping debt low is more important than keeping taxes low, so it's a completely fair issue.

Demonizing would be a fair call if you caught Ford talking about Bush eating children or taking over the country by force.

Posted by: Jon Kay at January 2, 2006 05:08 PM

LOL, Jon. ALL Presidents fail to balance budgets--mostly because it's Congress that controls the budgets. Remember? It's in the Constitution and everything. Scapegoating is fun (that's what Presidents are for, isn't it?) but pointless. "Balanced budget" is a yak point, not a realistic one. Some national debt is required for economic health, the question is how much. It's a non-static figure that depends on more than one factor, and centers on interest rates and inflation.

Us Democrats believe keeping debt low is more important than keeping taxes low, so it's a completely fair issue.

Since Dems historically cannibalize defense in order to increase other discretionary spending, and since the non-discretionary programs were created by Dems, I think you're standing on less than a full leg there, by at least a toe or two. It's an awful new position for the Democrats--not that one can exactly credit the GOP with much more than lip service. :-)

For all the holier-than-thou prattle over the years from all sides about a "balanced budget," the only time a balanced budget has ever actually occured in modern times was when the economy hit unexpected growth spurts.

Posted by: Tully at January 3, 2006 06:23 PM
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