Video on Spending Caps

March 10, 2010 by senatormcconnell

While Washington liberals continue growing our nation’s debt with explosive spending, South Carolina’s Republican Senators are working hard to protect taxpayers, limit spending, and grow our economy. President Pro Tempore Glenn McConnell developed a plan that creates a spending cap and a budget stabilization fund. The amount of money state legislators could spend each year would be limited to the average revenue growth of the previous ten years and any additional funds would be placed in a rainy day account for budget shortfalls like we are now facing.

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