Jim DeMint
U.S. Senator, South Carolina
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WSJ: 'ObamaCare's Real Price Tag'
Cost Multiplies After 10 Years
Posted by Jim's Staff 08/06/2009 - 03:18:33 PM
From the Wall Street Journal:
As ObamaCare sinks in the polls, Democrats are complaining that the critics are distorting their proposals. But the truth is that the closer one inspects the actual details, the worse it all looks. Today’s example is the vast debt canyon that would open just beyond the 10-year window under which the bill is officially “scored” for cost purposes.

WSJ: ObamaCare Cost Chart

The press corps has noticed the Congressional Budget Office’s estimate that the House health bill increases the deficit by $239 billion over the next decade. But government-run health care won’t turn into a pumpkin after a decade. The underreported news is the new spending that will continue to increase well beyond the 10-year period that CBO examines, and that this blowout will overwhelm even the House Democrats’ huge tax increases, Medicare spending cuts and other “pay fors.”
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DeMint on FOX: Washington, D.C. Is Out of Control
Posted by Jim's Staff 07/29/2009 - 03:52:35 PM
Sen. DeMint appeared on FOX Business yesterday with financial guru Dave Ramsey, saying that Washington, D.C.'s spending and debt is out of control. You can find a transcript of the interview here:


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DeMint on FOX: Where's Obama's Promised Recovery?
Posted by Jim's Staff 07/29/2009 - 11:45:05 AM
Sen. DeMint appeared on FOX News with Greta Van Susteren yesterday, pointing out that the recovery act was nothing but a liberal government spending plan that hasn't yielded President Obama's promised results. You can find a transcript of the interview here.


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FOX: DeMint Talks Jobs, Health Care With Cavuto
Posted by Jim's Staff 07/15/2009 - 06:00:39 PM
Sen. DeMint discussed how to create a pro-business economy when he appeared on FOX News' Cavuto today:


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CNBC: DeMint on Solving the Health-Care Crisis, Economic Burdens Facing the Nation
Posted by Jim's Staff 07/14/2009 - 01:55:55 PM
Sen. DeMint discusses the economy and health care with Steve Forbes on CNBC this morning and suggests ways we can promote freedom and lessen dependency on government.


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DeMint Amendment to Audit Federal Reserve Blocked by Senate Leadership
Posted by Jim's Staff 07/07/2009 - 05:36:32 PM
On Monday Sen. DeMint was blocked by Senate Democrat Leadership from having a vote on his amendment to audit the Federal Reserve. His amendment is based on a bill authored by Rep. Ron Paul (R-Texas) in the House, H.R. 1207, and Sen. Bernie Sanders (I-Vt.) in the Senate, S. 604.


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DeMint on Fox News about Washington's Czars
Posted by Jim's Staff 06/11/2009 - 11:16:45 AM


Senator DeMint was on Fox News with Neil Cavuto discussing President Obama's appointment of czars who control sections of American industries but aren't accountable to Congress.

In fact, Reuters reports that there are now as many as 21 czars in Washington who oversee everything from the auto industry to the Great Lakes:
Feinberg's appointment adds to a long list of so-called czars -- as many as 21 -- who play powerful roles in Obama's government.

There is a drug czar responsible for trying to control the flood of illegal drugs into the United States. A U.S. border czar works on issues along the turbulent U.S.-Mexican border.

The urban czar works on city issues, while the stimulus accountability czar tries to ensure the $787 billion in economic stimulus funds is spent properly.

An Iran czar is seeking to improve U.S. relations with Iran and head off its nuclear ambitions. An energy czar has the global-warming portfolio.

The idea is to have one person ultimately responsible for an issue and avoid problems of overlapping bureaucracies that previous administrations have experienced. But the system has its critics.

Republican Senator John McCain has complained that Obama has "more czars than the Romanovs," who ruled Russia for three centuries.

Some members of Congress complain about czars, because they did not go through the usual Senate confirmation process like other top officials but have a big hand in government actions involving many billions of dollars.

The car czar, for example, oversees auto company bailouts of around $50 billion, while the bank bailout czar has $700 billion in bailouts to look after.

"You can imagine from the perspective of the Senate that you're dealing with people who do not have confirmation to go through and so are not accountable in the same way. I think that's what rankles some people in the Senate," said Norman Ornstein, a political expert at the American Enterprise Institute.

He also said having czars has the potential of confusing lines of authority that can "create tensions, messiness in government."



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Geithner to DeMint: Bailouts may never end, no exit plans
Posted by Jim's Staff 05/21/2009 - 10:47:38 AM
From yesterday's Senate Banking Committee hearing with Treasury Secretary Timothy Geithner:

SEN. DEMINT: If over the next six months $50 billion comes back, will $50 billion go into the general fund of the United States?

SEC. GEITHNER: The way the TARP is designed -- and I didn't design this -- but the way it's designed is every dollar that comes back goes into the general fund but that does still create additional head room under the $700 billion authority for us to make capital investments -- make investments. So we have the ability to still use the $700 billion if we think there's a strong case for doing that, but the way the program works is a dollar comes in and goes to the general fund but still creates additional room for us to make a new --

SEN. DEMINT: So your understanding of what we did is that the Treasury now has $700 billion that it can use permanently, rotating in and out of the capital markets as you see fit?

SEC. GEITHNER: Well, I'm not quite sure permanent, but you're right.

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SEN. DEMINT: Are you working on a plan to show us of how you are going to move out of all this market, the ownership of General Motors, the ownership of AIG, all the money in the private banking? I mean, you've got a plan?

SEC. GEITHNER: Senator, as I said to Ranking Member Shelby at the beginning, this is a very important issue to me. We think about this a lot and there will be a time when we will be able to come to you and say here's how the unwinding process will work. But it's too early to do that now.

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FOX: DeMint on Plan to Modify TARP Program
Posted by Jim's Staff 04/23/2009 - 03:35:20 PM


Sen. Jim DeMint (R-SC) speaks with Neil Cavuto on Fox Business about the failure of the TARP program.
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DeMint on Tea Parties and the Need for Freedom to Increase, not Government
Posted by Jim's Staff 04/21/2009 - 07:09:39 PM


Sen. Jim DeMint (R-SC) speaks on the U.S. Senate floor about the tea party movement.
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08/06 WSJ: 'ObamaCare's Real Price Tag'
Cost Multiplies After 10 Years
08/06 DeMint Explains Opposition to Sotomayor
08/05 FOX: DeMint Discusses Health Care on 'O'Reilly'
07/30 WSJ: 'Fannie Med' Co-ops Are Senate Version of Government Health Care Takeover
07/28 FLASHBACK: Reid Says 'Fed Co-Ops' = Public Health Care Option
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