Charles Grassley on Deficits and Debt

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Voting Record

Budget Control Act of 2011

In August of 2011, the Senate voted on the Budget Control Act of 2011. The legislation raised the debt ceiling in increments and created a committee to find cuts in the budget or other methods to lower the deficit. The measure passed 74-26. Charles Grassley voted against the Budget Control Act.

Charles Grassley voted against the Budget Control Act.

Cut, Cap, and Balance Act of 2011

In July of 2011, the Senate voted on legislation to cut spending on discretionary and other items, cap the amount the federal government can spend as a function of GDP, and require a balanced budget. The legisaltion also provided for an increase in the debt limit. The measure failed to pass the Senate and was tabled in a 51-46 vote along party lines. Charles Grassley voted against tabling the bill and thus supported the cut, cap, and balance plan.

Charles Grassley voted against tabling the bill and thus supported the cut, cap, and balance plan.

Increasing the Debt Ceiling to $14.294 Trillion

In January of 2010, the Senate voted on PAYGO legislation that also increased the limit on the national debt ceiling to $14.294 trillion. The legislation passed 60-39. Charles Grassley voted against the debt increase.

Charles Grassley voted against the debt increase.

Stimulus - Debt Ceiling Increase to $12.104 trillion

In February of 2009, the Senate passed the stimulus bill - officially named the American Recovery and Reinvestment Act. The act contained language to increase the debt ceiling to $12.104 trillion and passed 61-37. Chuck Grassley voted against passing the legislation that increased the debt ceiling to $12.104 trillion.

Chuck Grassley voted against passing the legislation that increased the debt ceiling to $12.104 trillion.

Increasing the Debt Ceiling to $12.394 trillion

In December of 2009, the Senate voted to increase the debt ceiling to $12.394 trillion. The measure passed 60-39. Chuck Grassley voted against increasing the debt limit.

Chuck Grassley voted against increasing the debt limit.

Housing and Economic Recovery Act of 2008 - Debt Ceiling Increase to $10.615 trillion

In April of 2008, the Senate passed the Housing and Economic Recovery Act of 2008. Included in that legislation was an increase to the debt ceiling to $10.615 trillion. The legislation passed the Senate 84-12. Chuck Grassley voted in favor of the legislation to increase the debt ceiling.

Chuck Grassley voted in favor of the legislation to increase the debt ceiling.

TARP - Debt Ceiling Increase to $11.315 trillion

In October of 2008, the Senate passed the Emergency Economic Stabilization Act - the TARP. The legislation included an increase in the debt ceiling to $11.3115 trillion. The legislation passed 74-25. Chuck Grassley voted in favor of the legislation to increase the debt ceiling to $11.315 trillion.

Chuck Grassley voted in favor of the legislation to increase the debt ceiling to $11.315 trillion.

Increasing the debt ceiling to $9.815 trillion

In September of 2007, the Senate voted to pass a measure that increased the debt ceiling to $9.815 trillion. The measure passed 53-42. Chuck Grassley voted in favor of increasing the debt ceiling to $9.815 trillion.

Chuck Grassley voted in favor of increasing the debt ceiling to $9.815 trillion.

Debt Ceiling Increase to $8.965 trillion

In March of 2006, the Senate passed H J Res 47 to increase the debt ceiling to $8.965 trillion. The measure passed 52-48. Chuck Grassley voted in favor of increasing the debt ceiling to $8.965 trillion.

Chuck Grassley voted in favor of increasing the debt ceiling to $8.965 trillion.

Debt Ceiling Increase to $8.184 trillion

In November of 2004, the Senate passed legislation to increase the debt ceiling to $8.184 trillion. The legislation passed 52-44. Chuck Grassley voted in favor of increasing the debt ceiling to $8.184 trillion.

Chuck Grassley voted in favor of increasing the debt ceiling to $8.184 trillion.

Debt Ceiling Increase to $7.384 trillion

In May of 2003, the Senate passed a budget that contained an increase in the debt ceiling to $7.384 trillion. This measure passed the House 53-44. Chuck Grassley voted in favor of increasing the debt ceiling to $7.384 trillion.

Chuck Grassley voted in favor of increasing the debt ceiling to $7.384 trillion.

Debt Ceiling Increase to $6.4 trillion

In June of 2002, the Senate voted to pass legislation to enact an increase to the debt ceiling to $6.4 trillion. The measure passed 68-29. Chuck Grassley voted in favor of the debt ceiling increase to $6.4 trillion.

Chuck Grassley voted in favor of the debt ceiling increase to $6.4 trillion.

Balanced Budget Act - Debt Ceiling Increase to $5.95 trillion

In June of 1997, the Senate passed the Balanced Budget Act of 1997. This legislation included an increase in the debt ceiling to $5.95 trillion and a line item veto for the President which was later ruled unconstitutional by the Supreme Court. The measure passed the Senate 85-15. Chuck Grassley voted in favor of this legislation, which included an increase in the debt ceiling to $5.95 trillion.

Chuck Grassley voted in favor of this legislation, which included an increase in the debt ceiling to $5.95 trillion.

 

Sponsored and Cosponsored Legislation

Session-112; Bill Number-S 1025; Reduce Unnecessary Spending Act of 2011 - Cosponsor

This Act is to create an optional fast-track procedure the President may use when submitting rescission requests, which would lead to an up-or-down vote by Congress on the President's package of rescissions, without amendment.

Session-112; Bill Number-S 360; To reduce the deficit by establishing discretionary spending caps for non-security spending. - Cosponsor

To reduce the deficit by establishing discretionary spending caps for non-security spending.

Session-111; Bill Number-S 2938; Erasing our National Debt Through Accountability and Responsibility Plan Act of 2010 - Cosponsor

Terminates the authorities granted the Secretary of the Treasury under the Troubled Asset Relief Program (TARP) of the Emergency Economic Stabilization Act of 2008 (EESA) to purchase troubled assets from financial institutions. Lowers the public debt limit by the amount of all TARP assistance repaid by recipients on or after the enactment of this Act, along with dividends, profits, or other funds paid to the government based on such assistance.

Session-111; Bill Number-S 3474; Reduce Unnecessary Spending Act of 2010 - Cosponsor

Amends the Impoundment Control Act of 1974 to require the Office of Management and Budget (OMB) to transmit, within 45 calendar days after enactment of the funding in question, a message to Congress with specified information requesting any rescission the President proposes under the procedures in this Act. Prescribes requirements for timing and packaging of rescission requests. Authorizes OMB, subject to a specified time limit, to withhold funding from obligation temporarily if the President proposes a rescission. Prohibits the President from invoking such expedited procedures or such authority to withhold funding on more than one occasion for any Act providing funding. Sets forth procedures for expedited congressional consideration of proposed rescissions.

Session-104; Bill Number-S J Res 1; Constitutional Amendment - Balanced Budget - Cosponsor

Requires a balanced Federal budget, unless a three-fifths roll call vote of both Houses of Congress provides for a specific excess of outlays over receipts. Prohibits an increase in the public debt limit except by a three-fifths roll call vote by both Houses of Congress. Requires the President to submit a balanced budget to the Congress. Prohibits any bill increasing revenue from becoming law unless approved by a majority roll call vote of both Houses.

Session-105; Bill Number-S J Res 1; Constitutional Amendment - Balanced Budget - Cosponsor

Prohibits outlays for a fiscal year (except those for repayment of debt principal) from exceeding total receipts (except those derived from borrowing) for that fiscal year unless the Congress, by a three-fifths roll call vote of each House, authorizes a specific excess of outlays over receipts. Requires a three-fifths roll call vote of each House to increase the public debt. Directs the President to submit a balanced budget to the Congress. Requires the approval of a majority of each House by roll call vote before any bill to increase revenue may become law. Authorizes the Congress to waive these provisions when: (1) a declaration of war is in effect; or (2) the United States is engaged in a military conflict which poses a threat to national security as declared by a joint resolution adopted by a majority of each House. Makes this article effective beginning with FY 2002 or with the second fiscal year beginning after its ratification, whichever is later.

Session-112; Bill Number-S 1340; Cut, Cap, and Balance - Cosponsor

The Cut, Cap, and Balance plan was a Republican led proposal to reign in the federal debt through a series of measures meant to cut the size of the federal government, cap its spending at 17% of GDP, and pass a balanced budget amendment.

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