Jay Stamper on Budget & Economy



Open discussion of tax and entitlement reform

In the long term, we need an open discussion of tax and entitlement reform. Unfortunately, the discourse in Washington right now is all politics with little hope of compromise and consensus. I will work to change that, focusing first on savings and then on long-term financial solvency.

On fiscal policy, Washington is failing us. For more than two years, Congress has stumbled from one crisis to the next. Politics, extremism and self-interest have ruined any opportunity for rational debate and real solutions. Now, faced with a debt of more than $16 trillion, and rising costs in essential health care programs, including Medicare, Congress operates in a constant state of crisis and bickering in Washington. We need to do more to root out waste and prioritize our investments.

Source: 2013 Senate campaign website, jaystamper.com, "Issues" , Jul 2, 2013

Raise the debt ceiling; then consider new revenue

I support raising the debt ceiling. I strongly believe our nation needs to pay our bills on time because it is the right & responsible thing to do. America has an obligation to pay what we owe. Not paying our bills would send a shock through the economy. And if you care about the national debt, then you must know that default would create more debt. When it comes to voting on the debt ceiling, I will make sure that we are on a path to putting our fiscal house in order before I would even consider raising the debt ceiling.

For the long-term, we must be practical and not political. Democrats and Republicans have both called for a discussion of long-term fiscal solutions that consider reforms to entitlements and new revenue. That is the right place to start. I would also press for tax reform that is fair to middle-class families and small businesses and that will grow the broader economy.

Source: 2013 Senate campaign website, jaystamper.com, "Issues" , Jul 2, 2013

No to mindless across-the-board sequester cuts

I know what it takes for business to survive and thrive in South Carolina. As an experienced businessperson, bringing more jobs to South Carolina is my number one priority. I am deeply concerned about the need to create economic opportunities for our children and grandchildren.

The country is moving forward on the road to recovery. The economy is no longer in free fall. Financial and housing markets have stabilized and positive job growth is returning. Here in South Carolina, the unemployment rate has dropped to 8.4% from a high of 12% in 2009. But we still have a long way to go.

And, just as the country begins to show real signs of economic improvement, we are faced with the mindless across the board cuts of the "sequester" that threaten the nation's and South Carolina's fragile recovery. While the national impact of the cuts remains unclear, we know that South Carolina will be hit especially hard.

Source: 2013 Senate campaign website, jaystamper.com, "Issues" , Jul 2, 2013

Other candidates on Budget & Economy: Jay Stamper on other issues:
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Henry McMaster
Lindsey Graham
Mick Mulvaney
Nikki Haley
Tommy Pope
Yancey McGill
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Rick Wade
Thomas Ravenel

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Retired as of Jan. 2013:
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