Toomey Defends Deficit Reduction Plan

Toomey Defends Deficit Reduction Plan

WASHINGTON D.C. (WENY) -- The nation’s deficit.  It’s a growing problem, and it’s not going away anytime soon. 

On Tuesday, Pennsylvania’s Republican senator, Pat Toomey talked about his plan to tackle the issue at the left-leaning Brookings Institution in Washington, D.C.  He called the state of the economy chilling.

“Unfortunately, my colleagues on the other side walked away from the table,” said Toomey of last year’s Joint Select Committee on Deficit Reduction, also known as the “super committee.”  The super committee fell apart when Democrats and Republicans couldn’t agree on a $1.2 trillion deficit reduction plan.

Toomey said our current economic policies are the reason we have a weak economy.  He blames overregulation, unsustainable spending, and the threat of a huge tax increase.

“The people across Pennsylvania deserve a strong economy where there are a lot of opportunities for new jobs and new businesses being created.  It isn’t going to happen as long as we have the policy wrong,” said Toomey.

Democratic Senator Patty Murray of Washington co-chaired the super committee.  Last week, she called Toomey’s proposals a "gimmick" and a “bait and switch” – a tax giveaway for the rich.

But Toomey maintains his economic blueprint will get the economy moving again -- saying there needs to be a change in leadership first.

“Well, it depends on the election.  Almost every Republican in the Senate voted for my budget.  A number of Democrats have told me complimentary things about it privately.  I think we need the political environment to change to get that bipartisan political support,” said Toomey.

After Senator Toomey’s presentation Tuesday, Sen. Murray came out swinging again – this time on the Senate floor bashing the Republicans’ plan.