A liberal is a liberal but this guy is a governor with the experience that goes with it- he likes to cut spending and wants the middle class to grow!!! Sounds good;
http://www.ontheissues.org/Martin_O%60Malley.htm
Martin O`Malley on Budget & EconomyDemocrat | |
Q: Your state budget has a fairly large deficit. What happened there?
O'MALLEY: Yeah. We have been restoring fiscal responsibility for these last seven years. We inherited a $1.7 billion deficit from our predecessor. We're on the verge of closing that. In the budget that I submit this week, we will close it without any new taxes. Part of what drives our budget, of course, is the economy and the pace of this recession. And it has been an extended recession. However, I've cut more in spending than any governor in modern history, and yet we've also been able to make the record investments in education, transportation infrastructure and innovation. And what we also have been able to do is to maintain a AAA bond rating
Q: But if I understand you, there will be no deficit projected into next year?
O'MALLEY: Those forecasts depend on what sort of rate of growth you put into the economy. The best way for every state to reduce its deficit is for our national economy to grow at a faster pace.
Q: Over the last seven years, you've raised state income taxes on the top 15%. You supported same-sex marriage, the Dream Act, gun control. Now, you're looking at an increase in the minimum wage.
O'MALLEY: Well, I believe that the people of our state and, also, the people of our country, want us to make choices on their behalf that yield results, results that make our economy grow by making our middle class grow. And I'm proud of each of those things. I'm proud of the people of our state. But, also, being an inclusive people, respecting the dignity of every individual, these things are also good for an economy. These things are good for building an innovation economy and attracting the most talented workforce. I think they all go together. What the people of our country want is not ideology, not trickle-down economics, but middle-out economics, where we strengthen our middle class to grow our economy and to give our kids a better future.
Facts are facts: No president since Franklin Roosevelt in the Great Depression inherited a worse economy, bigger job losses or deeper problems from his predecessor. But Pres. Obama is moving America forward, not back.
Romney wants to take America back. Back to what? Back to the failed policies that drove us into a deep recession? Back to the days of record job losses? Instead of a balanced, achievable plan to create jobs and reduce the deficit, Romney says he will cut taxes for millionaires.
Facing structural deficits amounting to more than $4 billion in the years to come, I ask you to approve a rate of growth in this year’s budget that is just 2.5%--now that is lower than the rate of inflation, and it is lower than last year’s 12% rate of growth in government spending, and it is lower than 9 of the last 10 state budgets.
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Replies
O.Malley has to go after the Federal Reserve, or explain why he believes offshore banks have every right to control the U.S. money supply.