John Cornyn 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. John Cornyn voted in favor of the Budget Control Act.

John Cornyn voted in favor of 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. John Cornyn voted against tabling the bill and thus supported the cut, cap, and balance plan.

John Cornyn 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. John Cornyn voted against the debt increase.

John Cornyn 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. John Cornyn voted against passing the legislation that increased the debt ceiling to $12.104 trillion.

John Cornyn 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. John Cornyn voted against increasing the debt limit.

John Cornyn 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. John Cornyn voted in favor of the legislation to increase the debt ceiling.

John Cornyn 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. John Cornyn voted in favor of the legislation to increase the debt ceiling to $11.315 trillion.

John Cornyn 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. John Cornyn voted against increasing the debt ceiling to $9.815 trillion.

John Cornyn 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. John Cornyn voted in favor of increasing the debt ceiling to $8.965 trillion.

John Cornyn 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. John Cornyn voted in favor of increasing the debt ceiling to $8.184 trillion.

John Cornyn 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. John Cornyn voted in favor of increasing the debt ceiling to $7.384 trillion.

John Cornyn voted in favor of increasing the debt ceiling to $7.384 trillion.

 

Sponsored and Cosponsored Legislation

Session-112; Bill Number-S 251; A bill to prohibit the provision of Federal funds to State and local governments for payment of obligations - Cosponsor

A bill to prohibit the provision of Federal funds to State and local governments for payment of obligations, to prohibit the Board of Governors of the Federal Reserve System from financially assisting State and local governments, and for other purposes.

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 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-110; Bill Number-S 2070; Government Shutdown Prevention Act - Cosponsor

Provides for automatic continuing appropriations if any regular appropriation for a fiscal year (or, if applicable, for each fiscal year in a biennium) does not become law before the beginning of such fiscal year, or a joint resolution making continuing appropriations is not in effect. Appropriates amounts necessary to continue any project or activity for which funds were provided in the preceding fiscal year: (1) in the corresponding regular appropriation Act for such preceding fiscal year; or (2) if such legislation did not become law, then in the joint resolution making continuing appropriations for such preceding fiscal year.

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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