Lindsey Graham 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. Lindsey Graham voted against the Budget Control Act.

Lindsey Graham 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. Lindsey Graham voted against tabling the bill and thus supported the cut, cap, and balance plan.

Lindsey Graham 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. Lindsey Graham voted against the debt increase.

Lindsey Graham 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. Lindsey Graham voted against passing the legislation that increased the debt ceiling to $12.104 trillion.

Lindsey Graham 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. Lindsey Graham voted against increasing the debt limit.

Lindsey Graham 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. Lindsey Graham voted in favor of the legislation to increase the debt ceiling.

Lindsey Graham 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. Lindsey Graham voted in favor of the legislation to increase the debt ceiling to $11.315 trillion.

Lindsey Graham 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. Lindsey Graham voted against increasing the debt ceiling to $9.815 trillion.

Lindsey Graham voted against 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. Lindsey Graham voted in favor of increasing the debt ceiling to $8.965 trillion.

Lindsey Graham 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. Lindsey Graham voted in favor of increasing the debt ceiling to $8.184 trillion.

Lindsey Graham 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. Lindsey Graham voted in favor of increasing the debt ceiling to $7.384 trillion.

Lindsey Graham voted in favor of increasing the debt ceiling to $7.384 trillion.

 

Sponsored and Cosponsored Legislation

Session-110; Bill Number-S J Res 24; Constitutional Amendment - Balanced Budget - Prime Sponsor

Constitutional Amendment - Prohibits outlays for a fiscal year from exceeding total receipts for that fiscal year (except those derived from borrowing) unless Congress, by a two-thirds roll call vote of each chamber, authorizes a specific excess of outlays over receipts. Requires a two-thirds roll call vote of each chamber to increase the public debt limit. Directs the President to submit a balanced budget to Congress annually. Requires a two-thirds rollcall vote of each chamber for final adoption of any bill to increase the internal revenue. Authorizes waivers of these provisions when a declaration of war is in effect or under other specified circumstances involving military conflict.

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-111; Bill Number-S J Res 27; Constitutional Amendment - Balanced Budget - Cosponsor

Prohibits outlays for a fiscal year (except those for repayment of debt principal) from exceeding total receipts for that fiscal year (except those derived from borrowing) unless Congress, by a two-thirds rollcall vote of each chamber, authorizes a specific excess of outlays over receipts. Requires a two-thirds rollcall vote of each chamber to increase the public debt limit. Directs the President to submit a balanced budget to Congress annually. Requires a two-thirds rollcall vote in each chamber before final adoption of any bill to increase the internal revenue. Authorizes waivers of these provisions when a declaration of war is in effect or under other specified circumstances involving military conflict.

Session-110; Bill Number-S 15; Stop Over Spending Act of 2007 - Cosponsor

A bill to establish a new budget process to create a comprehensive plan to rein in spending, reduce the deficit, and regain control of the Federal budget process.

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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