Matt Bevin on Budget & Economy
There is no magic wand or money tree in Frankfort to fix Kentucky's financial woes and improve the Commonwealth's credit rating. This budget must rely on either tax increases or spending cuts to get Kentucky's fiscal house in order. Because Kentuckians cannot afford any tax increases, this budget proposal cuts spending and allocates Kentucky's scarce taxpayer dollars more prudently than in years past.
The ad features Bevin speaking direct-to-camera, declaring "after caving yet again to President Obama on the debt ceiling, all that Mitch McConnell can do is run false attack ads."
A narrator goes on to declare that "thirty years is enough," and calls McConnell "too liberal" and "too long."
McConnell has attacked Bevin in radio ads, knocking him for what the campaign sees as a "pattern of deceptions" from Bevin. McConnell's vote to raise the debt limit drew heavy criticism from conservatives and was seen as a risky vote for him. But the senator retains a solid lead over Bevin, and is heavily favored in the primary.
McConnell hasn't expressed an opinion specifically about the Ryan-Murray compromise but he has urged other Republicans to stand their ground on the budget and allow another round of sequester-related budget cuts to go into effect in January.
Bevin said he doesn't believe the plan's promised deficit reduction will ever happen: "Mitch McConnell is dodging a major issue. This deal is bad for America because it raises spending in the short-term for long-term cuts that everyone knows will never happen. McConnell should lead Republicans in demanding a deal that, at a bare minimum, sticks to the existing savings of the sequester."
It is clear we can't trust Congress to follow through on its promise to cut spending "next year" or "next month." It's time for taxpayers to hold our politicians accountable. That's why Matt supports passing a Balanced Budget Amendment to the Constitution that will force Congress to balance the budget every year and to keep spending at or below historical spending levels.
Matt will also refuse to vote for a debt limit increase unless we make substantial spending cuts and reforms. This would include having a plan agreed upon by the President and the US Congress that balances the budget in 10 years or less.