Tag Archives: Bob Menendez

800 Days With No Budget & Now 9.2 Percent Unemployment It’s now been a full 800 days since U.S. Senator Bob Menendez’s (D-NJ) and his fellow Democrats who run the U.S. Senate have passed a federal budget.  In fact, in the current Congress, Senate Democrats haven’t even proposed a budget, with published reports on Capitol Hill today saying that they’re still “discussing” it. In the meantime, the Labor Department reports today that unemployment has now climbed to 9.2 percent – a post World War II record of 29 straight months of at least 8 percent unemployment – while the federal debt continues to climb past $14.3 trillion. “These sobering numbers serve as yet another reminder that New Jersey simply can’t afford another six years of Bob Menendez’s liberal tax-and-spend agenda,” said National Republican Senatorial Committee (NRSC) spokesman Chris Bond  What They’re Saying About Today’s Jobs Report…. The Hill’s Sam Youngman:…

Insists On Job-Killing Tax Hikes, Raising Debt Ceiling Without Spending Reform In the wake of U.S. Senator Bob Menendez (D-NJ) and the Democrats’ deficit spending binge in Washington, our national debt now stands at a record-high $14.3 trillion.  But rather than taking America’s debt and spending crisis seriously and getting Washington’s spending under control, Menendez continues to demand job-killing tax hikes – even as more of his fellow Democrats join Republicans in demanding that job-killing tax hikes be taken off the table. As Roll Call’s David Drucker noted just minutes ago, liberal Nebraska Senator Ben Nelson came out today against tax hikes saying “Debt reduction should focus on spending cuts..Raising taxes at a time when our economy remains fragile takes us in the wrong direction. That won’t create jobs in Nebraska.” Meanwhile, as The Hill reported last week, “[West Virginia Democrat Senator Joe] Manchin, who is a top GOP target…

While Seeking To Increase The Country’s Credit Card Limit By Another $2 Trillion A full 798 days – and $3.2 trillion in new debt – since Senate Democrats last passed a budget, it appears Senator Bob Menendez (D-NJ) and his Democrat colleagues may finally be on the verge this week of at least introducing their own budget this Congress. But there’s a critical catch – according to published reports on Capitol Hill this morning, the Senate Democrats’ budget is expected to include at least $2 trillion in new tax increases – at a time when the national unemployment rate stands at 9.1%.  Notably, this matches the $2 trillion in unchecked spending that Menendez – who remains under federal investigation by the U.S. Department of Justice – is calling for by increasing the debt limit without tying it to any serious spending reforms. “New Jersey taxpayers have waited almost 800 days…

Obama’s Top Economists Reveal Hefty Price Tag For Failed Stimulus Debacle Since liberal U.S. Senator Bob Menendez (D-NJ) helped ram his party’s $787 billion stimulus into law, America has lost nearly 1.9 million jobs and our national debt has skyrocketed to a record-high $14.3 trillion.  Now, President Obama’s own top economists estimate that Menendez and the Democrats’ stimulus debacle cost taxpayers an average $278,000 per job. As the Weekly Standard notes: The report was written by the White House’s Council of Economic Advisors, a group of three economists who were all handpicked by Obama, and it chronicles the alleged success of the “stimulus” in adding or saving jobs. The council reports that, using “mainstream estimates of economic multipliers for the effects of fiscal stimulus” (which it describes as a “natural way to estimate the effects of” the legislation), the “stimulus” has added or saved just under 2.4 million jobs —…

Wants To Slam New Jersey Families With More Job-Killing Tax Hikes It’s been more than 790 days since liberal U.S. Senator Bob Menendez (D-NJ) and his fellow Senate Democrats passed a federal budget – during which time our national debt has exploded to a record-high $14.3 trillion. But as Senate Republicans today propose – and unanimously support – a common-sense Balanced Budget Amendment to finally bring Washington’s spending and debt under control, Menendez is instead calling for new job-killing tax hikes and yet another round of wasteful “stimulus” spending on the backs of New Jersey’s middle class. Notably, as a candidate for U.S. Senate in 2006 Menendez routinely presented himself as a proponent of fiscal responsibility.  But since arriving in the Senate, Menendez has done the exact opposite – running up the taxpayer credit card and joining his Democrat colleagues as they continue to abdicate their basic responsibility to pass…

Again Stands For Tax-Spend-And-Borrow Agenda In Washington With our national debt already topping a record $14.3 trillion, tax-hiking U.S. Senator Bob Menendez (D-NJ) – who is the only sitting Senator under investigation by the U.S. Department of Justice – is standing once again with the left wing of the Democrat party in Washington as they continue to put crucial debt negotiations at risk with their insistence on more wasteful spending and job-killing tax hikes.  Meanwhile, even some of Menendez’s fellow Democrats are beginning to join Republican calls to take these harmful proposals off the table, including U.S. Sen. Joe Manchin (D-WV).  As Politico reports: Manchin, who is a top GOP target in next year’s elections, has said he will not vote to raise the debt ceiling without spending reforms, and sides with the Republicans on keeping tax raises off the table.  “I don’t believe in tax hikes,” Manchin said. “We…

Talks Frayed Over Democrats’ Insistence That Both Be Part Of The Final Deal With America’s debt now skyrocketing past $14.3 trillion, negotiations on Capitol Hill to increase the debt limit by another $2 trillion are currently stalled over Democrats’ insistence that tax increases and new “stimulus” spending be part of any final package, instead of the important reform measures that non-partisan experts say are needed to prevent Medicare from going bankrupt. “America is on the brink of an economic crisis of historic proportions and yet Bob Menendez and his fellow Democrats in Washington are insisting on job-killing tax hikes and even more ‘stimulus spending,’” National Republican Senatorial Committee (NRSC) spokesman Chris Bond said today.  “Americans know that the problem with Washington isn’t that our government taxes too little, but that it spends too much.  At what point will Senator Menendez listen to that message and finally stand up to his…

As he attempts to distract voters from his decision to cut Medicare by $500 billion in order to fund ObamaCare, liberal U.S. Senator Bob Menendez (D-NJ) and his Washington Democrat allies have been busy trying to scare New Jersey seniors and demagogue the crucial issue of Medicare. But in a U.S. House of Representatives hearing on the 2011 Medicare Trustees Report yesterday, the two public trustees of Medicare, Dr. Charles P. Blahous and Dr. Robert Reischauer, admitted that Menendez and the Democrats’ plan would “end Medicare as we know it,” “bankrupt” the program and lead to benefit cuts for seniors. “Medicare’s own public trustees are warning Americans that Senator Menendez’s policies will ‘end Medicare as we know it,’ by bankrupting the program and cutting benefits for seniors,” said National Republican Senatorial Committee (NRSC) spokesman Chris Bond.  “Why does Bob Menendez continue to put his own narrow partisan interests in Washington…

On the 784th day since U.S. Senator Bob Menendez (D-NJ) and his fellow Senate Democrats last passed a federal budget, and in the midst of calls by Menendez for a $2 trillion debt ceiling increase without any substantive spending reforms, the non-partisan Congressional Budget Office (CBO) today released a deeply troubling report on our country’s fiscal future. In its latest update of The Long-Term Budget Outlook, the CBO provides an overview of the looming debt crisis and projects that by the end of this year, the federal debt will reach roughly 70 percent of gross domestic product (GDP)—the highest percentage since shortly after World War II. “Years of borrowed spending and bigger government have brought our country to the most predictable economic crisis in American history, and instead of passing a budget in the last 784 days, Senator Menendez wants to increase our credit card limit by another $2 trillion,” said…

As U.S. Senator Bob Menendez (D-NJ) prepares for a tough reelection battle, the Auditor reports that “[s]omeone is trying to stop a U.S. Senate campaign by biotech mogul John Crowley before it even starts. The Auditor has obtained an opposition research memo about Crowley — but it’s unclear where it came from.” Notably, the attack fell flat, as the Auditor noted that it attempted to smear Crowley – a well-regarded biotechnology entrepreneur and U.S. Navy Reserve intelligence officer, who is not a declared candidate for any office – for short-term losses by his biotech company, which are “perfectly normal” and “typical in the biotech business.” However, “[w]hat The Auditor found more interesting was someone is already circulating research on Crowley, considered a strong candidate because of his wealth and compelling personal story: He took over the biotech firm and raised $100 million to research the rare genetic disorder that afflicts…