Since Democrats took control of Congress in 2007, non-defense discretionary spending has increased by 85%. Some examples of spending by Democrats in 2009 include $350 billion for a second installation of TARP, $787 billion for a stimulus package, $409 billion for an omnibus spending bill, $33 billion for an expansion of the SCHIP program, and $17 billion for an auto bailout package.
- Congressman Marchant voted NO on $700 billion bailout (H.R. 1424)
- Congressman Marchant voted NO on $17 billion auto bailout (H.R. 7321)
- Congressman Marchant voted NO on $787 billion stimulus (H.R. 1)
- Congressman Marchant voted NO on $1 trillion housing bill (H.R. 3221)
- Congressman Marchant voted NO on $33 billion SCHIP expansion (H.R. 2)
- Congressman Marchant voted NO on $409 billion omnibus spending bill, which included 9,000 earmarks (H.R. 1105)
- Congressman Marchant voted NO on President Obama’s $3.6 trillion budget
Congressman Marchant is a fiscal conservative, and he came to Congress to work hard to balance the budget and reduce the national debt. To that end, Congressman Marchant supports fiscally responsible legislation that strengthens the budget, controls federal spending, and reduces deficits and debt.
- Congressman Marchant cosponsored the Spending, Deficit, and Debt Control Act of 2009, which would create a process for bringing long-term sustainability to Social Security, Medicare, and Medicaid; cap federal spending and require that Congress reduce the budget deficit; give budget resolution the force of law; create commissions that reduce wasteful spending and end government shutdowns.
- Congressman Marchant cosponsored the Reducing Barack Obama’s Unsustainable Deficit Act (“REBOUND”), which would repeal the spending portion of the President’s stimulus package (saving taxpayers $460 billion); leave intact the stimulus package’s tax relief and unemployment benefits; prohibit the Treasury Secretary from obligating any further TARP funds (saving taxpayers $150 billion); and require all repayments of TARP money to go exclusively to debt reduction.
- Congressman Marchant cosponsored House Resolution 199, calling for an end to all further bailouts by the federal government.
- Congressman Marchant cosponsored House Resolution 949, requiring a two-thirds vote on a stand-alone bill to increase the statutory limit on the public debt.
- Congressman Marchant cosponsored House Joint Resolution 1, proposing a balanced budget amendment to the Constitution of the United States.
- Congressman Marchant cosponsored the TARP Sunset Act of 2009, which would repeal the authority of the Secretary of the Treasury to extend the TARP program.
- Congressman Marchant cosponsored the TARP Termination and Repayment Act of 2009, which would grant any financial institution that received assistance under the TARP program the right to repay all of it immediately
