Issue Report ● Fiscal Responsibility
For Immediate Release: 
June 29, 2010
Contact Info: 

Katie Grant
Stephanie Lundberg
(202) 225 - 3130

Throughout the 111th Congress, Republicans have opposed every effort to help Main Street Americans, while supporting those corporate interests that wreaked havoc on Wall Street and unleashed disaster in the Gulf.  When it comes to the best interests of the American people, the contrast is clear: Democrats are taking serious action on important issues, such as Wall Street reform, the economy, health care, and fiscal responsibility; Republicans are trying to block progress and change, hoping that this will be to their advantage in the November election.
Democrats fought to protect American taxpayers by proposing fair rules of the road that put the referee back on the field.
Republicans fought for big Wall Street banks and maintaining the same failed system that resulted in the financial crisis.
Democrats understand that Americans want us to be tough on spending, so we re-instated PAYGO and will pass a budget enforcement resolution that cuts spending below the President’s budget and commits to considering a long-term plan from the fiscal commission.
Republicans let PAYGO lapse and went on a debt-financed spending spree when they were in charge and now they have no plan to reduce the deficit. Their only serious proposal – Rep. Paul Ryan’s budget – would privatize Social Security, end Medicare as we know it, and subject Americans to policies that have been overwhelmingly rejected by the American people.
Democrats are working to create jobs and strengthen the economy for American families and small businesses.
Republicans have stood against every effort to create jobs, including the jobs and preventing outsourcing bill, and the Small Business Lending bill Democrats passed in the House during this work period.
Democrats fought to put Americans in charge of their health care instead of insurance companies, and to lower the unsustainable costs that American families and businesses can not afford.
Republicans want to repeal benefits that are already helping American families and businesses and give the power back to insurance companies.
Democrats are working to protect the American people against the pain wrought by the BP Gulf oil spill – continuing to conduct the necessary oversight, pass policies to protect consumers, and hold BP accountable for this man-made environmental disaster.
Republicans are apologizing to BP for being held accountable.