Toomey calls for reduced spending and a return to economic prosperity in CPAC speech

Katie LaPotin, Red Alert PoliticsMarch 14, 2013

Senator Pat Toomey (R-PA) stressed the importance of reducing federal spending and working to restore economic prosperity in the United States during his remarks at CPAC Thursday.

Toomey, a member of the Senate budget committee, is well-known in Washington as a fiscal hawk. Before running for Senate in 2010, Toomey served as president of the Club for Growth, where he made a name for himself electing true fiscal conservatives to Congress including Reps. John Shadegg (R-AZ) and Scott Garrett (R-NJ).

He acknowledged that he’s still “haunted by the experience of the 2012 [presidential] campaign,” noting that Obama would campaign about avoiding the “policies of the past that got us into this mess” despite the fact that those big government, big spending policies that have put us in debt are the same ones that the president and his Democratic colleagues want us to adopt.

Toomey also discussed how the federal government could cut billions of dollars in federal spending just by cutting unnecessary spending, green energy stimulus funds and redundancies. ”Between the overpayments of corporate subsidies, the redundancies, the waste is enormous – there’s huge opportunities” to cut our federal debt, he remarked.

Pennsylvania’s junior senator pointed out that the United States is on a completely unsustainable economic path and that we need to get off this path before it bankrupts the country. ”I think it was a perfect idea to follow Greece into democracy – not such a good idea to follow Greece into bankruptcy,” Toomey said.

Toomey, a father of three, also acknowledged that America’s youth today isn’t as fortunate as he was when he first graduated from Harvard in 1984, when the policies of the late Ronald Reagan brought about a long period of economic prosperity in the United States.

“Well, we didn’t know it then, but we know now that in 1984 we were just two years into a huge 25-year economic expansion … in which we created more wealth, more opportunity, more prosperity, lifted more people out of poverty and elevating the standard of living more than any people has ever done in a 25-year period in the history of the world,” he said.

“Now folks, I think the question for us is what about the kids who are graduating from college this May, this June? Will they look back 25 years from now and celebrate the fact that they entered the work force at the beginning of a golden age?”


Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s