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	<title>Sen. Kevin Bryant: blog from the backbench</title>
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	<link>http://kevinbryant.com</link>
	<description>SC Legislation</description>
	<pubDate>Thu, 09 Oct 2008 13:56:51 +0000</pubDate>
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			<item>
		<title>free bbq with Sen. Jim DeMint</title>
		<link>http://kevinbryant.com/2008/10/08/free-bbq-with-sen-jim-demint/</link>
		<comments>http://kevinbryant.com/2008/10/08/free-bbq-with-sen-jim-demint/#comments</comments>
		<pubDate>Wed, 08 Oct 2008 10:15:30 +0000</pubDate>
		<dc:creator>Sen. Kevin L. Bryant</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://kevinbryant.com/?p=670</guid>
		<description><![CDATA[Senator Kevin Bryant invites your family to a free BBQ Dinner featuring U.S. Senator Jim DeMint.
what: BBQ Dinner for the entire family
when: Tuesday, October 14th at 5:30 PM
where: Cromer Food Services
on Concord Rd. in Anderson
&#8220;In politics, it&#8217;s hard to stand up for principle. But Kevin never fails to stand firm for the conservative cause.&#8221; U.S. [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "free bbq with Sen. Jim DeMint", url: "http://kevinbryant.com/2008/10/08/free-bbq-with-sen-jim-demint/" });</script>]]></description>
			<content:encoded><![CDATA[<p style="text-align: center;">Senator Kevin Bryant <a href="http://www.kevinbryant.info/8893_Bryant_DeMintInvite.pdf" target="_blank">invites</a> your family to a free BBQ Dinner featuring U.S. Senator Jim DeMint.<br />
what: BBQ Dinner for the entire family<br />
when: Tuesday, October 14th at 5:30 PM<br />
where: Cromer Food Services<br />
on Concord Rd. in Anderson</p>
<p style="text-align: center;">&#8220;In politics, it&#8217;s hard to stand up for principle. But Kevin never fails to stand firm for the conservative cause.&#8221; U.S. Senator Jim DeMint<br />
Questions about the event? Please call 864.356.8047</p>
<p style="text-align: center;"><a href="http://www.kevinbryant.info/8893_Bryant_DeMintInvite.pdf" target="_blank"><img class="alignnone size-full wp-image-669 aligncenter" title="demintinvite" src="http://kevinbryant.com/wp-content/uploads/2008/10/demintinvite.jpg" alt="" width="404" height="442" /></a></p>
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		<title>pact meeting 10.09 @ 4:30 pm</title>
		<link>http://kevinbryant.com/2008/10/07/pact-meeting-1009-430-pm/</link>
		<comments>http://kevinbryant.com/2008/10/07/pact-meeting-1009-430-pm/#comments</comments>
		<pubDate>Tue, 07 Oct 2008 13:47:46 +0000</pubDate>
		<dc:creator>Sen. Kevin L. Bryant</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

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		<description><![CDATA[This year the legislature eliminated PACT and gave the Department of Education the authority to define new testing standards. Educators &#38; parents are invited to bring their suggestions and feedback for future testing. Our special guest will be Anderson’s representative on the State Board of Education Mr. Rick Adkins.
Thursday, October 9th at 4:30 pm at [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "pact meeting 10.09 @ 4:30 pm", url: "http://kevinbryant.com/2008/10/07/pact-meeting-1009-430-pm/" });</script>]]></description>
			<content:encoded><![CDATA[<p><span style="font-size: 12pt; font-family: ">This year the legislature <a href="http://kevinbryant.com/2008/05/15/pact-its-horible-replacement-test-killed/" target="_blank">eliminated PACT</a> and gave the Department of Education the authority to define new testing standards. Educators &amp; parents are invited to bring their suggestions and feedback for future testing. Our special guest will be Anderson’s representative on the State Board of Education Mr. Rick Adkins.</p>
<p>Thursday, October 9th at 4:30 pm at the Anderson County Republican Party Headquarters, 807 North Murray Avenue (accross from the Anderson Rec. Center)</p>
<p><a href="http://kevinbryant.com/contact/" target="_blank">rsvp</a></span></p>
<p><span style="font-size: 10pt; font-family: "><br />
<address>
</address>
<p></span><img src="http://kevinbryant.com/wp-content/uploads/2008/05/pact1.jpg" alt="" width="383" height="252" /></p>
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		<title>debate question: roads</title>
		<link>http://kevinbryant.com/2008/10/07/debate-question-roads/</link>
		<comments>http://kevinbryant.com/2008/10/07/debate-question-roads/#comments</comments>
		<pubDate>Tue, 07 Oct 2008 11:47:11 +0000</pubDate>
		<dc:creator>Sen. Kevin L. Bryant</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

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		<title>livid in Powdersville</title>
		<link>http://kevinbryant.com/2008/10/06/conservatives-in-powdersville-livid/</link>
		<comments>http://kevinbryant.com/2008/10/06/conservatives-in-powdersville-livid/#comments</comments>
		<pubDate>Mon, 06 Oct 2008 09:57:14 +0000</pubDate>
		<dc:creator>Sen. Kevin L. Bryant</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

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		<description><![CDATA[
After a day walking neighborhoods in Powdersville on Saturday, I found most people are frustrated in the Federal Government’s 700 billion blowout. Conservatives are very angry over pork barrel spending, especially for the pork in the “emergency” bill pass last week by Congress. “I’ll never vote for a Republican again except for Jim DeMint” is [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "livid in Powdersville", url: "http://kevinbryant.com/2008/10/06/conservatives-in-powdersville-livid/" });</script>]]></description>
			<content:encoded><![CDATA[<p class="MsoNormal" style="margin: 0in 0in 10pt; text-align: center;"><span style="font-size: small; font-family: Calibri;"><img class="aligncenter" style="vertical-align: middle;" src="http://www.heroforchildren.org/images/livid.gif" alt="" width="180" height="143" /></span></p>
<p class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="font-size: small; font-family: Calibri;">After a day walking neighborhoods in Powdersville on Saturday, I found most people are frustrated in the Federal Government’s 700 billion blowout. Conservatives are very angry over pork barrel spending, especially for the pork in the “emergency” bill pass last week by Congress. “I’ll never vote for a Republican again except for Jim DeMint” is what I heard over and over. I was able to explain our consistent record of reform on the state level. I also stressed my support for Gov. Mark Sanford’s agenda, making the argument that my record is part of the solution, not the problem.Now, that we face a possible special session to deal with the budget shortfall, my colleagues will be hearing a lot of “told-you-so’s” from me! I look back at the many times I took the floor with amendment after amendment cutting wasteful spending knowing they’d get tabled.</p>
<p><span style="font-size: small; font-family: Calibri;">I’ve equated our state’s government like a car stuck in first gear. It is terribly inefficient and moves very slow. You’ve got two choices: 1-keep filling up the tank with gas and drive the car 2-Get the car fixed so it runs better. In South Carolina there are two philosophies: 1-keep pouring more of your tax dollars into an inefficient government, or 2-Fix government and make it more responsive to you the tax payer. Since the beginning, I’ve subscribed to the second philosophy. I hope South Carolinians send true reformers to Columbia in November so we can get the support we need to pass some real reform.</p>
<p></span></span></p>
<p> </p>
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		<title>Eckstrom on bail out</title>
		<link>http://kevinbryant.com/2008/10/03/eckstrom-on-bail-out/</link>
		<comments>http://kevinbryant.com/2008/10/03/eckstrom-on-bail-out/#comments</comments>
		<pubDate>Sat, 04 Oct 2008 02:49:40 +0000</pubDate>
		<dc:creator>Sen. Kevin L. Bryant</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

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		<description><![CDATA[In recent weeks I’ve been reflecting on what it means to be a conservative. Given the extraordinary economic events of the last couple of weeks, I want to comment on our current economic crisis before concluding my series on conservatism.
The current economic crisis is complex and many people and institutions both in Washington and on [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "Eckstrom on bail out", url: "http://kevinbryant.com/2008/10/03/eckstrom-on-bail-out/" });</script>]]></description>
			<content:encoded><![CDATA[<div><span style="font-family: arial;"><strong><span style="font-size: 180%;"><span style="font-size: large;">I</span></span>n recent weeks I’ve been reflecting on what it means to be a conservative.</strong> Given the extraordinary economic events of the last couple of weeks, I want to comment on our current economic crisis before concluding my series on conservatism.</p>
<p>The current economic crisis is complex and many people and institutions both in Washington and on Wall Street have a role and bear some level of responsibility for it. Many attribute the crisis to the quasi-governmental agencies Fannie Mae and Freddie Mac. Others attribute the crisis to the intervention of the Federal Reserve and the market distortions it may have created with artificially low interest rates. Still others blame the crisis on Wall Street greed and the extraordinary pay, bonuses, and severance packages realized by corporate CEO’s even while the institutions they headed were failing.</p>
<p>Whatever flaws and abuses exist in our economic system, what most observers agree upon is that this economic emergency has been precipitated by an extreme softening of housing markets in many parts of the country. And at the deep root of this problem is overzealous government interfering in credit markets by requiring lending institutions to abandon sound lending practices to advance a political agenda. Leading the list of government culprits are members of Congress.</p>
<p>In the 1970’s Congress enacted the Community Reinvestment Act (CRA) with the intent of requiring financial institutions to expand credit to a wider marketing base rather than to just credit-worthy customers. The lofty goal was to provide more affordable housing and promote more home ownership among low-income families. But the effect and scope of this act was fairly limited until 1995, at which time the Clinton Administration promoted new regulations requiring even more aggressive marketing of mortgage loans among low-income groups, imposing quotas, and mandating stiff penalties for banks that failed to offer “no money down” mortgages, floating rates, and loans made to people with no credit history or even bad credit history.</p>
<p>Federal law required banks to set aside prudent lending practices. Financial institutions began making profits in the expanded mortgage origination process, and they knew that even if borrowers defaulted the government would bail them out for defaulted loans they held. And so our most financially vulnerable citizens were encouraged to buy homes and take on debt they could scarcely afford. With growing pools of money being made available for home mortgages, home prices grew faster than inflation, ultimately creating a huge bubble waiting to burst.</p>
<p>Eventually, interest rates began to rise thus creating a crisis for those borrowers who had been enticed by adjustable rate mortgages. As monthly mortgage payments were dramatically rising, so too were gasoline prices. Many borrowers stopped paying, the once overheated housing market became a glut of foreclosed properties, lenders stopped lending, housing prices declined, and the bubble finally burst.</p>
<p>A national crisis &#8212; threatening the very foundations of our nation, the stability of the dollar, and the economic well-being of future generations &#8212; has been caused by a Congress willing to disregard the laws of human nature, prudent business practices, and free market principles all for the sake of a political agenda and the political benefits that come with promising something for nothing.</p>
<p>The free market is one of the most highly efficient and productive forces on the face of the earth. It intuitively understands that businesses that show poor judgment in their business practices deserve to fold, while stronger, well-run businesses gain market share and expand their profit margins for their owners.</p>
<p>Freed from government interference, the marketplace functions precisely as it should. Investors who made mistakes in this market should be held responsible, and those who managed to navigate all the distortions imposed by Washington should be rewarded. The last thing we need is for government to play an even larger role, to prop up institutions that should be allowed to fail, and to use massive amounts of taxpayer dollars to further interfere with the marketplace. Should we really trust the very members of Congress who created the mess and failed to see the crisis coming with the task of fixing their mess?</p>
<p>When we free our markets of government controls, manipulation, and political considerations to pursue what free markets do best, which is to create wealth and jobs, our nation will be stronger. A so called “bailout plan” that saddles every American with thousands of dollars of debt, that artificially props up failed institutions, and that actually penalizes risk-taking and success will make our economy smaller and weaker, and only postpones a day of eventual reckoning that will likely include even more serious economic troubles. <a href="http://watchdogreport.blogspot.com/" target="_blank">visit Eckstrom&#8217;s website</a></span></div>
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		<item>
		<title>a picture is worth a thousand words</title>
		<link>http://kevinbryant.com/2008/10/03/a-picture-is-worth-a-thousand-words/</link>
		<comments>http://kevinbryant.com/2008/10/03/a-picture-is-worth-a-thousand-words/#comments</comments>
		<pubDate>Fri, 03 Oct 2008 13:47:11 +0000</pubDate>
		<dc:creator>Sen. Kevin L. Bryant</dc:creator>
		
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			<content:encoded><![CDATA[<p style="text-align: center;"><a href="http://kevinbryant.com/wp-content/uploads/2008/10/piggie-bank.jpg"><img class="size-full wp-image-664 aligncenter" title="piggie-bank" src="http://kevinbryant.com/wp-content/uploads/2008/10/piggie-bank.jpg" alt="" width="401" height="252" /></a></p>
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		<title>Bowen vs. Dobbins (by Art Kaldas)</title>
		<link>http://kevinbryant.com/2008/10/03/bowen-vs-dobbins-by-art-kaldas/</link>
		<comments>http://kevinbryant.com/2008/10/03/bowen-vs-dobbins-by-art-kaldas/#comments</comments>
		<pubDate>Fri, 03 Oct 2008 12:47:49 +0000</pubDate>
		<dc:creator>Sen. Kevin L. Bryant</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

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		<description><![CDATA[I didn&#8217;t make last nights debate between Rep. Don Bowen and Democrat challenger Tom Dobbins. Here is a summary by guest blooger Art Kaldas:
Senator,
 
Thank you for allowing me to post my comments.
 
Approximately 100 residents attended a debate between Don Bowen and challenger Tom Dobbins for SC House of Representative District 8. The debate was held [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "Bowen vs. Dobbins (by Art Kaldas)", url: "http://kevinbryant.com/2008/10/03/bowen-vs-dobbins-by-art-kaldas/" });</script>]]></description>
			<content:encoded><![CDATA[<p>I didn&#8217;t make last nights debate between Rep. Don Bowen and Democrat challenger Tom Dobbins. Here is a summary by guest blooger Art Kaldas:</p>
<p class="MsoPlainText" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Consolas;">Senator,</span></p>
<p class="MsoPlainText" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Consolas;"> </span></p>
<p class="MsoPlainText" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Consolas;">Thank you for allowing me to post my comments.</span></p>
<p class="MsoPlainText" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Consolas;"> </span></p>
<p class="MsoPlainText" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Consolas;">Approximately 100 residents attended a debate between Don Bowen and challenger Tom Dobbins for SC House of Representative District 8. The debate was held at Anderson County Main Library on October 2, 2008.</span></p>
<p class="MsoPlainText" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Consolas;"> </span></p>
<p class="MsoPlainText" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Consolas;">Although the debate atmosphere was friendly and civil, it revealed contrasting differences between the two candidates, along with surprising agreements. Based on the debate and some comments made after the debate, the candidates’ views can be summarized as follows:</span></p>
<p class="MsoPlainText" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Consolas;"> </span></p>
<p class="MsoPlainText" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Consolas;">•<span style="mso-tab-count: 1;">     </span>TD: We need to understand what the people need and base our efforts on meeting their needs. We need to develop relationships and work as a team.</span></p>
<p class="MsoPlainText" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Consolas;">•<span style="mso-tab-count: 1;">     </span>DB: I have 4.5 years of experience in building relationships. I have worked with Democrats and Republican. I even asked the Black Caucus if they would allow a white boy to join, and they told me that you are the only white boy we would accept.</span></p>
<p class="MsoPlainText" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Consolas;">•<span style="mso-tab-count: 1;">     </span>TD: We need to restructure the tax system. At the present time, taxes are unfairly collected. Middle class, the working poor, and small businesses are unfairly taxed.</span></p>
<p class="MsoPlainText" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Consolas;">•<span style="mso-tab-count: 1;">     </span>DB: Don’t put any new taxes on people. In these difficult economic times, the last thing we need is add more taxes.</span></p>
<p class="MsoPlainText" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Consolas;">•<span style="mso-tab-count: 1;">     </span>TD: In order to attract more jobs, we need to properly train our young people for high tech industries.</span></p>
<p class="MsoPlainText" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Consolas;">•<span style="mso-tab-count: 1;">     </span>DB: If we just train our young people for high tech jobs, our young people will leave us, in search of these jobs. We need to use our greatest asset, Hartwell Lake, to create new jobs.</span></p>
<p class="MsoPlainText" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Consolas;">•<span style="mso-tab-count: 1;">     </span>TD: The Once Cent Sales Tax Project for Anderson County is a great concept. However, too many pit projects have been added to the list. I will not support the Project in its present form.</span></p>
<p class="MsoPlainText" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Consolas;">•<span style="mso-tab-count: 1;">     </span>DB: If economic times were better, I would have supported the Once Cent Sales Tax Project for Anderson County. However, this is not the time. In addition, all these pork barrel projects attached to it make it unacceptable.</span></p>
<p class="MsoPlainText" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Consolas;">•<span style="mso-tab-count: 1;">     </span>TD: We need to give each school district an adequate amount of money, and we need to step out of the way and let them do their jobs.</span></p>
<p class="MsoPlainText" style="margin: 0in 0in 0pt;"><span style="font-size: small; font-family: Consolas;">•<span style="mso-tab-count: 1;">     </span>DB: I am committed to improving education in South Carolina. I even meet regularly with Secretary of Education, Jim Rex, although he is a Democrat.</span></p>
<p> </p>
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		<title>the storm is here!</title>
		<link>http://kevinbryant.com/2008/10/02/the-storm-is-here/</link>
		<comments>http://kevinbryant.com/2008/10/02/the-storm-is-here/#comments</comments>
		<pubDate>Thu, 02 Oct 2008 16:06:26 +0000</pubDate>
		<dc:creator>Sen. Kevin L. Bryant</dc:creator>
		
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		<description><![CDATA[Please be seated as you open your property tax assessment notice this week. Government growth has hit new highs as we ponder the federal $700 billion spree, to the state&#8217;s pork fest, to our local government&#8217;s unquenchable thirst for spending. We warned you about this a few dozen times in the past with posts like [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "the storm is here!", url: "http://kevinbryant.com/2008/10/02/the-storm-is-here/" });</script>]]></description>
			<content:encoded><![CDATA[<p>Please be seated as you open your property tax assessment notice this week. Government growth has hit new highs as we ponder the federal $700 billion spree, to the state&#8217;s pork fest, to our local government&#8217;s unquenchable thirst for spending. We warned you about this a few dozen times in the past with posts like this one <a href="http://kevinbryant.com/2008/08/19/powdersville-post-whatever-way-you-slice-it-bryant-said-its-a-tax-hike/" target="_blank">here</a>, <a href="http://kevinbryant.com/2008/08/06/assessment-notice-schedule/" target="_blank">here</a>, and <a href="http://kevinbryant.com/2008/05/27/government-must-pass-windfall/" target="_blank">here</a>, and unfortunately, we face another storm. Oh, by the way, since essential things like roads and bridges have been ignored, they also are asking your permission to raise your sales taxes!</p>
<p> </p>
<p><img style="vertical-align: middle;" src="http://www.cnn.com/WORLD/asiapcf/9804/21/china.dust.storm/storm.jpg" alt="" width="245" height="195" /></p>
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		<title>Bryant Continues Fight Against Wasteful Spending in Columbia</title>
		<link>http://kevinbryant.com/2008/10/02/bryant-continues-fight-against-wasteful-spending-in-columbia/</link>
		<comments>http://kevinbryant.com/2008/10/02/bryant-continues-fight-against-wasteful-spending-in-columbia/#comments</comments>
		<pubDate>Thu, 02 Oct 2008 12:29:00 +0000</pubDate>
		<dc:creator>Sen. Kevin L. Bryant</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://kevinbryant.com/?p=660</guid>
		<description><![CDATA[

For Immediate Release

October 2, 2008
           

 
Encourages Colleagues to Make Targeted Cuts
         
Anderson, SC - Senator Kevin Bryant (R-Anderson) released the following statement today concerning the current budget crisis facing the state.
             
Encourages Colleagues to Make Targeted Cuts
         
Anderson, SC - Senator Kevin Bryant (R-Anderson) released the following statement today concerning the current budget crisis facing the state.
             


“Recent reports, by [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "Bryant Continues Fight Against Wasteful Spending in Columbia", url: "http://kevinbryant.com/2008/10/02/bryant-continues-fight-against-wasteful-spending-in-columbia/" });</script>]]></description>
			<content:encoded><![CDATA[<div></div>
<p><span style="font-size: 14pt;"><span style="font-family: Times New Roman;"></p>
<p class="Default" style="margin: 0in 0in 0pt; line-height: 12.8pt;"><span style="font-size: small; font-family: Batang;">For Immediate Release</span></p>
<p><span style="font-size: 14pt;"></span></p>
<p class="Default" style="margin: 0in 0in 0pt; line-height: 12.8pt;"><span style="font-size: small; font-family: Batang;">October 2, 2008<br />
           <br />
</span></p>
<p><span style="font-family: Times New Roman;"><span style="font-size: 14pt;"><span style="font-family: Times New Roman;"><span style="font-family: Times New Roman;"><span style="font-size: 14pt;"><font face="Times New Roman"> </p>
<p></font><em style="mso-bidi-font-style: normal;"><span style="font-size: 14pt;"><span style="font-family: Times New Roman;">Encourages Colleagues to Make Targeted Cuts<br />
         <br />
</span></span></em><span style="font-family: Times New Roman;"><strong style="mso-bidi-font-weight: normal;"><span style="font-size: 11pt;">Anderson, SC</span></strong><span style="font-size: 11pt;"> - Senator Kevin Bryant (R-Anderson) released the following statement today concerning the current budget crisis facing the state.<br />
             <br />
</span></span></span></span></span><em style="mso-bidi-font-style: normal;"><span style="font-size: 14pt;"><span style="font-family: Times New Roman;">Encourages Colleagues to Make Targeted Cuts<br />
         <br />
</span></span></em><span style="font-family: Times New Roman;"><strong style="mso-bidi-font-weight: normal;"><span style="font-size: 11pt;">Anderson, SC</span></strong><span style="font-size: 11pt;"> - Senator Kevin Bryant (R-Anderson) released the following statement today concerning the current budget crisis facing the state.<br />
             <br />
</span></span></p>
<p></span></span></p>
<p></span></span><span style="font-size: 11pt;"><span style="font-family: Times New Roman;">“Recent reports, by the Board of Economic Advisors (BEA), seem to indicate South Carolina will experience at least a 4% drop in gross revenue collections during the first quarter of the 2008-2009 fiscal year. If this happens it could trigger a return of the General Assembly for a special session to make targeted spending cuts to bring the budget back in balance.  The fact that this is even a possibility is very disappointing and was most likely preventable.<br />
        <br />
</span></span><span style="font-size: 11pt;"><span style="font-family: Times New Roman;">“Over the last four years I have consistently advocated a reduction in state spending.  Every year I and likeminded colleagues offer amendment after amendment to eliminate excessive pork-barrel spending and earmarks.<br />
              <br />
</span></span><span style="font-size: 11pt;"><span style="font-family: Times New Roman;">“We, as the General Assembly, must start to exercise discretion when it comes to spending. Events like the Irmo Chitlin Strut ($10,000), the Pelion Peanut Festival ($15,000) and the Salley Okra Strut ($20,000) cannot continue to be funded when schools are worried about purchasing fuel for buses.<br />
            <br />
</span></span><span style="font-size: 11pt;"><span style="font-family: Times New Roman;">“Each year I have proposed cutting hundreds of millions of dollars in pork-barrel earmarks. Had these cuts been adopted, the state budget would not be in this hysteria.<br />
                 <br />
</span></span><span style="font-size: 11pt;"><span style="font-family: Times New Roman;">“Two –years ago there was more than a billion dollar budget surplus and the General Assembly spent it all in one day. I wanted to send that money back to the taxpayer, but instead it went to fund pet projects around the state.<br />
                  <br />
</span></span><span style="font-size: 11pt;"><span style="font-family: Times New Roman;">“During this time of financial insecurity, the General Assembly must be willing to follow the leadership of our citizens and make some tough decisions about our spending priorities.”<br />
              <br />
</span></span><span style="font-size: 11pt;"><span style="font-family: Times New Roman;">The next scheduled meeting of the BEA is October 8. The BEA is expected to announce the gross revenue collections for the first quarter of the 2008-09 fiscal year. <br />
        <br />
</span></span><span style="font-size: 11pt;"><span style="font-family: Times New Roman;">For more information, please contact Senator Bryant at (864) 202-8394.<br />
              <br />
</span></span><span style="font-size: 11pt;"><span style="font-family: Times New Roman;">###</span></span></p>
<p> </p>
<p class="Default" style="margin: 0in 0in 0pt; line-height: 12.8pt;"><em style="mso-bidi-font-style: normal;"><span style="font-size: 14pt;"><span style="font-family: Times New Roman;">Encourages Colleagues to Make Targeted Cuts<br />
         <br />
</span></span></em><span style="font-family: Times New Roman;"><strong style="mso-bidi-font-weight: normal;"><span style="font-size: 11pt;">Anderson, SC</span></strong><span style="font-size: 11pt;"> - Senator Kevin Bryant (R-Anderson) released the following statement today concerning the current budget crisis facing the state.<br />
             <br />
</span></span></p>
<p> </p>
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		<title>answering the questions, doing the math</title>
		<link>http://kevinbryant.com/2008/09/30/answering-the-questions-doing-the-math/</link>
		<comments>http://kevinbryant.com/2008/09/30/answering-the-questions-doing-the-math/#comments</comments>
		<pubDate>Tue, 30 Sep 2008 21:46:01 +0000</pubDate>
		<dc:creator>Sen. Kevin L. Bryant</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://kevinbryant.com/?p=659</guid>
		<description><![CDATA[
In last night’s debate, there were two questions that I couln’t accurately answer. As I’ve always said, I don’t mind answering “I don’t know” to my constituents. After research, the questions and answers are below:
1-Someone questioned my estimate of $10,000 per pupil per year in public education
The average per pupil funding is $4,867 state, $1,097 [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "answering the questions, doing the math", url: "http://kevinbryant.com/2008/09/30/answering-the-questions-doing-the-math/" });</script>]]></description>
			<content:encoded><![CDATA[<p><img class="aligncenter" src="http://www.ct4me.net/images/MathInitiatives.gif" alt="" /></p>
<p>In last night’s debate, there were two questions that I couln’t accurately answer. As I’ve always said, I don’t mind answering “I don’t know” to my constituents. After research, the questions and answers are below:<br />
1-Someone questioned my estimate of $10,000 per pupil per year in public education<br />
The average per pupil funding is $4,867 state, $1,097 federal, and $5,516 local. This is an average total funding level of $11,480 excluding revenues of local bond issues. There is a wide range in this average. Interestingly, there is an almost direct reverse proportion of test scores with per pupil spending, yet we must remember that the districts with the highest expenditures tend to be the pooper districts with severe socio-economic issues. Nevertheless, funding isn’t much. I must re-iterate that parental involvement is the key. For all of these figures <a href="http://www.scstatehouse.net/sess117_2007-2008/appropriations2008/tap1b.htm#s1" target="_blank">click here</a>.</p>
<p>2-Someone asked the percentage of the state budget goes to education. Last year $3,815,469,939 was spent on education. That’s $3.8 billion, more than half the budget. To see the breakdown, <a href="http://www.scstatehouse.net/sess117_2007-2008/appropriations2008/tas1.htm" target="_blank">click here </a> and scroll to the bottom.</p>
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		<title>a great debate</title>
		<link>http://kevinbryant.com/2008/09/29/a-great-debate/</link>
		<comments>http://kevinbryant.com/2008/09/29/a-great-debate/#comments</comments>
		<pubDate>Tue, 30 Sep 2008 03:02:01 +0000</pubDate>
		<dc:creator>Sen. Kevin L. Bryant</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://kevinbryant.com/?p=657</guid>
		<description><![CDATA[Just got in from a 2 hour debate with my opponent held at Tri-County Technical College. I want to thank Ms. Jennifer Beattie, Mr. Bob Peter, the faculty, &#38; students for putting on an excellent open exchange of ideas. I don&#8217;t know of a stone that was left unturned as our agreements and differences were brought [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "a great debate", url: "http://kevinbryant.com/2008/09/29/a-great-debate/" });</script>]]></description>
			<content:encoded><![CDATA[<p>Just got in from a 2 hour debate with my opponent held at Tri-County Technical College. I want to thank Ms. Jennifer Beattie, Mr. Bob Peter, the faculty, &amp; students for putting on an excellent open exchange of ideas. I don&#8217;t know of a stone that was left unturned as our agreements and differences were brought out. Practically every major issue from social to fiscal was covered. I had two questions that I could not accurately answer, so I&#8217;ll follow up this week:<br />
1-Someone questioned my estimate of $10,000 per pupil per year in public education<br />
2-Someone asked the percentage of the state budget goes to education</p>
<h1><a href="http://www.independentmail.com/news/2008/sep/29/senate-incumbent-challenger-debate-tri-county-tech/" target="_blank"><img longdesc="http://www.independentmail.com" src="http://web.andersonsc.com/static/images/headers/header_photo.gif" border="0" alt="independentmail.com" /></a></h1>
<h3>Senate incumbent, challenger debate at Tri-County Tech</h3>
<p class="byline">By John Staed<br />
Monday, September 29, 2008</p>
<div class="bodytext">
<div class="inline inline-left story-tools">
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<div id="sponsor"><span class="dateline">PENDLETON</span>— District 3 state Senate candidates Marshall Meadors and the incumbent Kevin Bryant fielded a wide range of questions before about 100 people Monday night at Tri-County Technical College.</div>
</div>
</div>
</div>
<p>From the question of abortion to the Anderson County 1-cent sales tax, the candidates were questioned by nearly two dozen citizens.</p>
<p>Meadors, a family physician in Anderson, proposed improved health care and support of public education as keystones of his term if elected to the senate.</p>
<p>Bryant said pork-barrel spending needs to be reigned in, which if done would provide money for the district’s needs, especially for infrastructure. Bryant also repeated his support for school vouchers and for opposing tax increases – unless there is a corresponding tax reduction.</p>
<p>Bryant listed a number of accomplishments since he was elected in 2004, including a law requiring the death penalty for sex offenders who molest children and co-sponsorship of a constitutional amendment defining marriage as between a man and a woman (which passed in 2006).</p>
<p>He also pointed to a bill that would give women having an abortion an option to view an ultrasound, and support of the replacement of property tax for schools with a sales tax.</p>
<p>“My commitment is to what comes out of your pocket,” Bryant said, and endorsed the idea that cutting taxes helped the economy.</p>
<p>Meadors cited a list of problems in the state, from high dropout rates to rising unemployment to high crime that need addressing.</p>
<p>“I promise you we can and will do better,” he said.</p>
<p>In discussing school vouchers, Meadors said he was opposed to tax credits and vouchers because they would harm public education. Bryant said he backs vouchers and credits, now set at $2,500 per pupil, because they give citizens the right to use their tax dollars as they decide.</p>
<p>When asked whether they would support the 1-cent sales tax Anderson County is proposing for infrastructure and developments, Bryant said he opposed it because there was no corresponding reduction in other taxes. Meadors said he would probably vote for the tax because of the need to fix roads and other infrastructure in the county.</p>
<p>In closing remarks, Bryant said he would continue try to improve government.</p>
<p>“I am committed to reforming the way we do business in Columbia,” Bryant said. He said he would “continue the movement for choice and competition. I trust government less now than I ever have.”</p>
<p>Meadors said Bryant had stated that government has grown 40 percent in the last four years, but reminded the audience that he wasn’t there when it grew that much.</p>
<p>“I’m not going to Columbia to make it bigger … but I am going to represent you and make it more effective,” Meadors said.</p>
</div>
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		<title>Chamber of Commerce Endorsement</title>
		<link>http://kevinbryant.com/2008/09/29/chamber-of-commerce-endorsement/</link>
		<comments>http://kevinbryant.com/2008/09/29/chamber-of-commerce-endorsement/#comments</comments>
		<pubDate>Mon, 29 Sep 2008 09:32:16 +0000</pubDate>
		<dc:creator>Sen. Kevin L. Bryant</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://kevinbryant.com/?p=653</guid>
		<description><![CDATA[The South Carolina Chamber of Commerce, the state’s largest broad-based business organization, is pleased to announce our endorsement of Kevin Bryant for Senate District 3.
As the unified voice of the business community, the Chamber believes that supporting pro-business candidates that have demonstrated support for business priorities and a commitment to advance a legislative agenda that [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "Chamber of Commerce Endorsement", url: "http://kevinbryant.com/2008/09/29/chamber-of-commerce-endorsement/" });</script>]]></description>
			<content:encoded><![CDATA[<p class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="font-size: small; font-family: Calibri;">The South Carolina Chamber of Commerce, the state’s largest broad-based business organization, is pleased to announce our endorsement of Kevin Bryant for Senate District 3.</span></p>
<p class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="font-size: small; font-family: Calibri;">As the unified voice of the business community, the Chamber believes that supporting pro-business candidates that have demonstrated support for business priorities and a commitment to advance a legislative agenda that promotes competiveness in South Carolina is of the utmost importance. The South Carolina Chamber will devote resources to your key race in 2008, working with its members and allies to hold fundraisers, educate citizens and organize Get Out the Vote (GOTV) efforts.</span></p>
<p class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="font-size: small; font-family: Calibri;">We thank you for your commitment to representing the people of South Carolina who each need good jobs, a competitive state economy and a pro-prosperity working environment to ultimately raise our citizens’ income.</span></p>
<p class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="font-size: small; font-family: Calibri;">The South Carolina Chamber is proud to support you in your Senate election endeavor.<span style="font-size: small; font-family: Calibri;"><a href="http://kevinbryant.com/wp-content/uploads/2008/09/logolarge.jpg"><img class="size-full wp-image-654" title="logolarge" src="http://kevinbryant.com/wp-content/uploads/2008/09/logolarge.jpg" alt="" width="232" height="52" /></a></p>
<p></span></span></p>
<p> </p>
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		<title>Ron Paul on the mess we&#8217;re in</title>
		<link>http://kevinbryant.com/2008/09/28/ron-paul-on-the-mess-were-in/</link>
		<comments>http://kevinbryant.com/2008/09/28/ron-paul-on-the-mess-were-in/#comments</comments>
		<pubDate>Mon, 29 Sep 2008 00:13:31 +0000</pubDate>
		<dc:creator>Sen. Kevin L. Bryant</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://kevinbryant.com/?p=656</guid>
		<description><![CDATA[Ron Paul: This Bailout Won&#8217;t Be the Last
September 19, 2008 05:35 PM ET &#124; Luke Mullins &#124; Permanent Link
 

I recently chatted with Rep. Ron Paul (R-Texas) about the gigantic financial bailout that the government is preparing to undertake.
Some excerpts from the interview:
What&#8217;s your take on this huge financial bailout?
&#8220;It&#8217;s more of the same. More debt [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "Ron Paul on the mess we&#8217;re in", url: "http://kevinbryant.com/2008/09/28/ron-paul-on-the-mess-were-in/" });</script>]]></description>
			<content:encoded><![CDATA[<h1>Ron Paul: This Bailout Won&#8217;t Be the Last</h1>
<div class="blogCredit">September 19, 2008 05:35 PM ET | <a href="http://www.usnews.com/Topics/tag/Author/l/luke_mullins/index.html"><span style="color: #005497;">Luke Mullins</span></a> | <a href="http://www.usnews.com/blogs/the-home-front/2008/9/19/ron-paul-this-bailout-wont-be-the-last.html"><span style="color: #005497;">Permanent Link</span></a></div>
<p> </p>
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<p>I recently chatted with Rep. Ron Paul (R-Texas) about the gigantic financial bailout that the government is preparing to undertake.</p>
<p>Some excerpts from the interview:</p>
<p><strong>What&#8217;s your take on this huge financial bailout?</strong><br />
&#8220;It&#8217;s more of the same. More debt and more inflation and more pressure on the dollar. Ultimately, although the markets are responding very favorably at the moment, I think it is going to be devastating to the dollar and to our financial situation in this country.&#8221;</p>
<p><a name="read_more"></a><strong>But don&#8217;t we need to get these toxic assets off banks&#8217; balance sheets?</strong><br />
&#8220;Sure, they need to be removed. Somebody needs to suffer the consequences [but] not the taxpayer. Everybody knows that they have to be removed. They are priced too high. The assets don&#8217;t have real value—some have zero and some have 10 cents on the dollar.</p>
<p>The people who had been making profits for all these years and dealing in all of this debt creation and derivatives—that now is becoming unwound—are claiming that it would be so painful if somebody went bankrupt and therefore we have to put so much burden on the taxpayer and on the dollar because the alternative is worse. But quite frankly, if they destroy the dollar and the dollar system, then they have a much bigger problem that they are going to have to deal with and it would be the collapse of the whole international monetary system—which is conceivable.&#8221;</p>
<p><strong>So instead of having taxpayers buy the bad debt, the market should take care of it by itself?</strong><br />
&#8220;Sure, prices need to go down. Bad debt needs to be eliminated. The taxpayer ought to be protected. Taxes ought to be lowered&#8230;We are following the same routine that we did in the Depression, and that is artificially try to keep prices up. People were starving in the Depression and the only thing they did was try to keep wages artificially high and keep food prices high. We are doing the same thing now—we are trying to keep housing prices high. Low prices for houses mean poor people could buy a house. This is the most important part of a free market economy and that is free market pricing. Without free market pricing, the market can&#8217;t work. And this is in a way a major effort to price fix.&#8221;</p>
<p><strong>So you think the government should not have bailed out an</strong><strong>y companies during this</strong> <strong>crisis?</strong><br />
&#8220;That would have been the best thing. It would have been painful, but housing prices would have come down sharper and faster, and it would have been over by now. But this whole idea of price fixing—that&#8217;s what they are doing—has been trying to keep housing prices up and trying to stimulate home building. Well, if you have 100 percent more homes than the market really wants, you can&#8217;t keep prices up and you can&#8217;t stimulate home building. If the prices go down, then people will go out and buy homes again. So they should allow the liquidation of debt.</p>
<p>Before the Depression, [the government] generally allowed these kinds of problems to unwind. They were very severe. They would last six months or a year—a lot of liquidation of debt would be wiped off the books. And then it would go back to work again. What we&#8217;ve been doing now—especially since 1971—is preventing the real liquidation of the malinvestment and the excess of debt&#8230; If this process continues, we&#8217;re going to own General Motors and Ford, then we will have to own the airlines. We are socializing our country without even a vote by the Congress. It&#8217;s a horrible situation.&#8221;</p>
<p><strong>Will this</strong> <strong>bailout stabilize the crisis?</strong><br />
&#8220;I personally don&#8217;t think so. It might be temporary, but no, there is much more involved. I mean, we are talking about trying to unwind trillions of dollars of derivatives . . . You have to get rid of all that stuff.&#8221;</p>
<p><strong>Will this bailout be the last?</strong><br />
&#8220;No, no. This won&#8217;t be the last one. There will be something else later on. But that doesn&#8217;t mean you might not have a few months of a reprieve. But it will continue.&#8221;</p>
<p><strong>Will we have to bail </strong><strong>out the auto</strong> <strong>makers?</strong><br />
&#8220;Oh I think so. We are not going to let them fail. Our policy is such that everybody gets bailed out. It&#8217;s like a drug addict, they&#8217;ve got to take their fix. It&#8217;s too tough getting off these drugs. And the drug here is easy credit.</p>
<p><img style="vertical-align: middle;" src="http://fs.huntingdon.edu/jlewis/Syl/AmerPol/Elect08/RonPaulBlimp.jpg" alt="" width="274" height="206" /></p>
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		<title>DeMint: a trillion dollar band aid</title>
		<link>http://kevinbryant.com/2008/09/26/demint-a-trillion-dollar-band-aid/</link>
		<comments>http://kevinbryant.com/2008/09/26/demint-a-trillion-dollar-band-aid/#comments</comments>
		<pubDate>Fri, 26 Sep 2008 12:44:52 +0000</pubDate>
		<dc:creator>Sen. Kevin L. Bryant</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://kevinbryant.com/?p=652</guid>
		<description><![CDATA[
Since we&#8217;re still learning the ins and outs of this Wall Street crisis, I&#8217;ll be putting a lot of trust in Sen. Jim DeMint. Here&#8217;s his latest thoughts:



DeMint Outlines Economic Growth Plan 
Says ‘bold pro-growth economic plan is urgently needed with or without a bailout’


 










September 25, 2008 - Washington D.C. - Today, U.S. Senator Jim [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "DeMint: a trillion dollar band aid", url: "http://kevinbryant.com/2008/09/26/demint-a-trillion-dollar-band-aid/" });</script>]]></description>
			<content:encoded><![CDATA[<p><img style="vertical-align: middle;" src="http://www.babyandcompany.co.za/johnsons/000368.jpg" alt="" width="250" height="250" /><br />
Since we&#8217;re still learning the ins and outs of this Wall Street crisis, I&#8217;ll be putting a lot of trust in Sen. Jim DeMint. Here&#8217;s his latest thoughts:</p>
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<td class="vblack12" align="center"><a href="http://www.jimdemint.com/blog/2008/09/demint-outlines-economic-growth-plan/" target="_blank"><strong>DeMint Outlines Economic Growth Plan </strong><br />
<em class="recordsubtitle">Says ‘bold pro-growth economic plan is urgently needed with or without a bailout’</em></a></td>
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<td class="Text" align="center"> </td>
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<td class="vblack11" style="text-align: justify;"><!-- IMAGE TABLE --></p>
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<td><img style="border: #666666 1px solid;" src="http://demint.senate.gov/public/index.cfm?FuseAction=DataPipes.ViewImage&amp;Image_id=&amp;ImageStoreType_id=2" border="0" alt="" width="1" height="1" /></td>
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<p><!-- End IMAGE TABLE --><strong class="recorddate">September 25, 2008</strong> - Washington D.C. - Today, U.S. Senator Jim DeMint (R-South Carolina) outlined a plan to stimulate real economic growth for American businesses and families through lowering taxes, reforming government failures, and immediately expanding domestic energy production.</p>
<p>“The proposed bailout is a trillion dollar band-aid that does not contain a single item that will stimulate our economy,” said Senator DeMint. “Now is the time to cut taxes on American investment, reform government failures, and expedite energy exploration so we can grow our economy. We must enact pro-growth economic solutions that will create jobs, open up our vast energy resources, encourage investment, and pave the way for long-term prosperity. Instead of giving government more power after its past failures, this plan provides our economy the tools it needs to work through this crisis and gives Americans the freedom to succeed. Given the serious problems we now face, we should all agree that a bold pro-growth economic plan is urgently needed with or without a bailout.”</p>
<p><strong>REFORM A TAX CODE THAT DISCOURAGES CAPITAL FORMATION<br />
</strong>• <strong><em>Suspend Capital Gains Tax for 2 Years, Index it for Inflation</em>:<br />
</strong><strong>• <strong><em>Reduce the Corporate Income Tax Rate</p>
<p></em></strong></strong><strong>REFORM FAILED GOVERNMENT REGULATION<br />
</strong>• <strong><em>Suspend “Mark to Market” Accounting<br />
</em></strong><strong>• <strong><em>Reform Section 404 of Sarbanes-Oxley<br />
</em></strong><strong>• <strong><em>Repeal federal mandates for risky loans</p>
<p></em></strong></strong></strong><strong>EXPAND ENERGY EXPLORATION<br />
</strong>•<strong><em> Repeal Bans on Energy Exploration and Expedite Production</em></strong></p>
<p><strong>REFORM FAILED GOVERNMENT INSTITUTIONS<br />
</strong>• <strong><em>Schedule the GSEs for Privatization<br />
</em></strong><strong>• <strong><em>Stabilize the Dollar</em>: Repeal the Humphrey-Hawkins Full Employment Act<br />
</strong></strong></p>
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		<title>new radio spot</title>
		<link>http://kevinbryant.com/2008/09/26/new-radio-spot/</link>
		<comments>http://kevinbryant.com/2008/09/26/new-radio-spot/#comments</comments>
		<pubDate>Fri, 26 Sep 2008 10:55:46 +0000</pubDate>
		<dc:creator>Sen. Kevin L. Bryant</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://kevinbryant.com/?p=651</guid>
		<description><![CDATA[Here&#8217;s the new radio spot we&#8217;re running.
&#8220;Hello, I&#8217;m Senator Kevin Bryant. If tax and spend solutions would solve all of our state&#8217;s problems, we wouldn&#8217;t have any problems. As you know, South Carolina needs better roads, a better business climate, and our children need more educational opportunities. Since the beginning, we&#8217;ve stood together for more [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "new radio spot", url: "http://kevinbryant.com/2008/09/26/new-radio-spot/" });</script>]]></description>
			<content:encoded><![CDATA[<p>Here&#8217;s the new radio spot we&#8217;re running.</p>
<p>&#8220;Hello, I&#8217;m Senator Kevin Bryant. If tax and spend solutions would solve all of our state&#8217;s problems, we wouldn&#8217;t have any problems. As you know, South Carolina needs better roads, a better business climate, and our children need more educational opportunities. Since the beginning, we&#8217;ve stood together for more reform and less taxes. More more information, please visit kevinbryant.com. For reform vote Bryant. Paid for by Bryant for Senate.&#8221;</p>
<p><object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="425" height="344" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="allowFullScreen" value="true" /><param name="src" value="http://www.youtube.com/v/zuOP5Dbhvzo&amp;hl=en&amp;fs=1" /><embed type="application/x-shockwave-flash" width="425" height="344" src="http://www.youtube.com/v/zuOP5Dbhvzo&amp;hl=en&amp;fs=1" allowfullscreen="true"></embed></object></p>
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		<title>socializing the risk while privatizing the profit</title>
		<link>http://kevinbryant.com/2008/09/24/socializing-the-risk-while-privatizing-the-profit/</link>
		<comments>http://kevinbryant.com/2008/09/24/socializing-the-risk-while-privatizing-the-profit/#comments</comments>
		<pubDate>Wed, 24 Sep 2008 10:04:21 +0000</pubDate>
		<dc:creator>Sen. Kevin L. Bryant</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://kevinbryant.com/?p=648</guid>
		<description><![CDATA[I can admit, I&#8217;m beginning to learn the ins and out of the recent Freddie, Fannie, &#38; AIG bailouts. Here&#8217;s a great article, though I think partisan finger pointing won&#8217;t fix this mess.
Sept. 22 (Bloomberg) &#8212; The financial crisis of the past year has provided a number of surprising twists and turns, and from Bear [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "socializing the risk while privatizing the profit", url: "http://kevinbryant.com/2008/09/24/socializing-the-risk-while-privatizing-the-profit/" });</script>]]></description>
			<content:encoded><![CDATA[<p>I can admit, I&#8217;m beginning to learn the ins and out of the recent Freddie, Fannie, &amp; AIG bailouts. Here&#8217;s a great article, though I think partisan finger pointing won&#8217;t fix this mess.<br />
Sept. 22 (Bloomberg) &#8212; The financial crisis of the past year has provided a number of surprising twists and turns, and from <a href="http://kevinbryant.com/apps/quote?ticker=JPM%3AUS">Bear Stearns Cos.</a> to <a href="http://kevinbryant.com/apps/quote?ticker=AIG%3AUS">American International Group Inc.</a>, ambiguity has been a big part of the story.</p>
<p>Why did Bear Stearns fail, and how does that relate to AIG? It all seems so complex.</p>
<p>But really, it isn&#8217;t. Enough cards on this table have been turned over that the story is now clear. The economic history books will describe this episode in simple and understandable terms: <a href="http://kevinbryant.com/apps/quote?ticker=FNM%3AUS">Fannie Mae</a> and <a href="http://kevinbryant.com/apps/quote?ticker=FRE%3AUS">Freddie Mac</a> exploded, and many bystanders were injured in the blast, some fatally.</p>
<p>Fannie and Freddie did this by becoming a key enabler of the mortgage crisis. They fueled Wall Street&#8217;s efforts to securitize subprime loans by becoming the primary customer of all AAA-rated subprime-mortgage pools. In addition, they held an enormous portfolio of mortgages themselves.</p>
<p>In the times that Fannie and Freddie couldn&#8217;t make the market, they became the market. Over the years, it added up to an enormous obligation. As of last June, Fannie alone owned or guaranteed more than $388 billion in high-risk mortgage investments. Their large presence created an environment within which even mortgage-backed securities assembled by others could find a ready home.</p>
<p>The problem was that the trillions of dollars in play were only low-risk investments if real estate prices continued to rise. Once they began to fall, the entire house of cards came down with them. <a href="http://www.bloomberg.com/apps/news?pid=newsarchive&amp;sid=aSKSoiNbnQY0" target="_blank">full article</a></p>
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		<title>DeMint again on the bail out</title>
		<link>http://kevinbryant.com/2008/09/23/demint-again-on-the-bail-out/</link>
		<comments>http://kevinbryant.com/2008/09/23/demint-again-on-the-bail-out/#comments</comments>
		<pubDate>Tue, 23 Sep 2008 14:19:54 +0000</pubDate>
		<dc:creator>Sen. Kevin L. Bryant</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://kevinbryant.com/?p=650</guid>
		<description><![CDATA[


At times, our Senator seems like the only conservative in DC, yet he&#8217;s always up front ready to fight for the taxpayer. I hope others will join his crusade and kill the proposed bail out of irresponsible investors.DeMint Opposes Wall Street Bailout
Plan does not solve the problems that caused the current credit crunch, and could [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "DeMint again on the bail out", url: "http://kevinbryant.com/2008/09/23/demint-again-on-the-bail-out/" });</script>]]></description>
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<td class="vblack12" style="text-align: left;">At times, our Senator seems like the only conservative in DC, yet he&#8217;s always up front ready to fight for the taxpayer. I hope others will join his crusade and kill the proposed bail out of irresponsible investors.<a href="http://demint.senate.gov/public/index.cfm?FuseAction=PressReleases.Detail&amp;PressRelease_id=8b42ecf0-d725-fd9c-d51f-586e39c6c94a" target="_blank"><strong>DeMint Opposes Wall Street Bailout</strong><br />
</a><em class="recordsubtitle">Plan does not solve the problems that caused the current credit crunch, and could make them much worse</em></td>
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<td class="Text" align="center"> </td>
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<td class="vblack11" style="text-align: justify;"><!-- IMAGE TABLE --></p>
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<td><img style="border: #666666 1px solid;" src="http://demint.senate.gov/public/index.cfm?FuseAction=DataPipes.ViewImage&amp;Image_id=&amp;ImageStoreType_id=2" border="0" alt="" width="1" height="1" /></td>
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<p><!-- End IMAGE TABLE --><strong class="recorddate">September 22, 2008</strong> - Washington D.C. - Today, U.S. Senator Jim DeMint (R-South Carolina) announced his opposition to the $700 billion plan proposed by the Bush Administration to bailout Wall Street.</p>
<p>&#8220;After reviewing the Administration&#8217;s proposed bailout plan, I believe it is completely unacceptable. This plan does nothing to address the misguided government policies that created this mess and it could make matters much worse by socializing an entire sector of the U.S. economy. This plan fails to oversee or regulate the government failures that led to this crisis. Instead it greatly increases the role for Secretary Paulson whose market predictions have been consistently wrong in the last year, and provides corporate welfare for investment firms on Wall Street that don&#8217;t want to disclose their assets and sell them to private investors for market rates. Most Americans are paying their bills on time and investing responsibly and should not be forced to pay for the reckless actions of some on Wall Street, especially when no one can guarantee this will solve our current problems.&#8221;</p>
<p>&#8220;This plan will not only cause our nation to fall off the debt cliff, it could send the value of the dollar into a free-fall as investors around the world question our ability to repay our debts. It&#8217;s also very likely that this plan will extend the cycle of bailouts, encouraging other companies to behave in reckless ways that create the need for even more bailouts, triggering an endless run on our treasury. This plan may make things look better for Wall Street in the next couple months, but the long-term consequences to our economy could be disastrous.</p>
<p>&#8220;There are much better ways of dealing with this problem than forcing American taxpayers to pay for every asset some investor doesn&#8217;t want anymore. We should start by reforming government policies and programs that created this mess, including the Federal Reserve&#8217;s easy money policy, the congressional charters of Fannie Mae and Freddie Mac, and the Community Reinvestment Act. Then Congress should pass a number of permanent and proven pro-growth reforms to encourage capital formation and boost asset values. We need to make permanent reductions in the corporate tax and the capital gains tax rates. We have the second highest corporate tax rate in the world, which encourages companies to take jobs and investment overseas.&#8221;</p>
<p>&#8220;It&#8217;s a sad fact, but Americans can no longer trust the economic information they are getting from this Administration. The Administration said the bailout of Bear Stearns would stop the bleeding and solve the problem, but they were wrong. They said $150 billion in new government spending using rebate checks would solve the problem, but they were wrong again. They said new authority to bailout Fannie Mae and Freddie Mac would solve the problem without being used, but they were wrong again. Now they want us to trust them to spend nearly a trillion dollars on more government bailouts. It&#8217;s completely irresponsible and I cannot support it.&#8221;  </p>
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		<title>if i go mac will i come back?</title>
		<link>http://kevinbryant.com/2008/09/23/if-i-go-mac-will-i-come-back/</link>
		<comments>http://kevinbryant.com/2008/09/23/if-i-go-mac-will-i-come-back/#comments</comments>
		<pubDate>Tue, 23 Sep 2008 10:06:42 +0000</pubDate>
		<dc:creator>Sen. Kevin L. Bryant</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://kevinbryant.com/?p=649</guid>
		<description><![CDATA[
I&#8217;m happy to have my red xps back now after 2 weeks of waiting for a back ordered video card. While trying to survive without my tech, I&#8217;ve been asking myself: Self, why don&#8217;t you consider getting an apple next time you get a computer? I have asked dozens of mac users and have not [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "if i go mac will i come back?", url: "http://kevinbryant.com/2008/09/23/if-i-go-mac-will-i-come-back/" });</script>]]></description>
			<content:encoded><![CDATA[<p><img src="http://img.xataka.com/2007/11/dellxpsm1530.jpg" alt="" width="375" height="295" /></p>
<p>I&#8217;m happy to have my red xps back now after 2 weeks of waiting for a back ordered video card. While trying to survive without my tech, I&#8217;ve been asking myself: Self, why don&#8217;t you consider getting an apple next time you get a computer? I have asked dozens of mac users and have not found one applite that regrets switching over. How bout it? Is there a mac user out there that prefers windows? Sorry B. Gates, but I&#8217;m just looking around.</p>
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		<title>DeMint on AIG bailout</title>
		<link>http://kevinbryant.com/2008/09/19/demint-on-aig-bailout/</link>
		<comments>http://kevinbryant.com/2008/09/19/demint-on-aig-bailout/#comments</comments>
		<pubDate>Fri, 19 Sep 2008 11:51:05 +0000</pubDate>
		<dc:creator>Sen. Kevin L. Bryant</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://kevinbryant.com/?p=647</guid>
		<description><![CDATA[U.S. Senator Jim DeMint (R-South Carolina)
Contact: Wesley Denton (202) 228-5079



WASHINGTON, D.C. – Today, U.S. Senator Jim DeMint (R-SC) made the following statement:

“Americans should be very concerned by the size and frequency of these government bailouts. The easy money, cheap credit policy of the Fed and the guarantees provided by Congress for Fannie and Freddie created [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "DeMint on AIG bailout", url: "http://kevinbryant.com/2008/09/19/demint-on-aig-bailout/" });</script>]]></description>
			<content:encoded><![CDATA[<p><em><span style="font-size: x-small;">U.S. Senator Jim DeMint (R-South Carolina)</span></em></p>
<p class="MsoNormal" style="line-height: 115%;"><span><span><span><span><span><span><span><span><span><span><span><span style="font-size: 10pt; line-height: 115%; font-family: ';"><em>Contact: Wesley Denton (202) 228-5079</em></span></span></span></span></span></span></span></span></span></span></span></span><a name="OLE_LINK17"></a><span><span><span><span><span><span><span><span></span></span></span></span></span></span></span></span></p>
<p class="MsoNormal" style="line-height: 115%;"><span><span><span><span><span><span><span><span><span><a name="OLE_LINK5"></a></span></span></span></span></span></span></span></span></span></p>
<p class="MsoNormal" style="line-height: 115%; text-align: center;" align="center"><span><span><span><span><span><span><span><span><span><span><a name="OLE_LINK6"></a><a name="OLE_LINK10"><span><strong></strong></span></a></span></span></span></span></span></span></span></span></span></span><span><span><span><span><span><span><span><span><span><span><span><span><em></em></span></span></span></span></span></span></span></span></span></span></span></span></p>
<p class="MsoNormal" style="line-height: 115%;"><span><span><span><span><span><span><span><span><span><span><span><span><em></em></span></span></span></span></span></span></span></span></span></span></span></span></p>
<p class="MsoNormal" style="line-height: 115%;"><span><span><span><span><span><span><span><span><span><span><span><span><strong><span style="font-size: 10pt; line-height: 115%; font-family: ';">WASHINGTON</span></strong></span></span></span></span></span></span></span></span></span></span></span><strong>, D.C.</strong></span><strong></strong><span><span><span><span><span><span><span><span><span><span><span><span><span style="font-size: 10pt; line-height: 115%; font-family: ';"> – Today, U.S. Senator Jim DeMint (R-SC) made the following statement:</span></span></span></span></span></span></span></span></span></span></span></span></span></p>
<p class="MsoNormal" style="line-height: 115%;"><span><span><span><span><span><span><span><span><span><span></span></span></span></span></span></span></span></span></span></span></p>
<p class="MsoNormal" style="line-height: 115%;"><span><span><span><span><span><span><span><span><span><span><span style="font-size: 10pt; line-height: 115%; font-family: ';">“Americans should be very concerned by the size and frequency of these government bailouts. The easy money, cheap credit policy of the Fed and the guarantees provided by Congress for Fannie and Freddie created a bubble that is now bursting.</span></span></span></span></span></span></span></span></span></span></span></p>
<p class="MsoNormal" style="line-height: 115%;"><span><span><span><span><span><span><span><span><span><span></span></span></span></span></span></span></span></span></span></span></p>
<p class="MsoNormal" style="line-height: 115%;"><span><span><span><span><span><span><span><span><span><span><span style="font-size: 10pt; line-height: 115%; font-family: ';">“We’re going to have a market correction but it’s not clear yet whether we’re going to have a policy correction. It was failed government policies that enabled these problems to occur in the first place.</span></span></span></span></span></span></span></span></span></span></span></p>
<p class="MsoNormal" style="line-height: 115%;"><span><span><span><span><span><span><span><span><span><span></span></span></span></span></span></span></span></span></span></span></p>
<p class="MsoNormal" style="line-height: 115%;"><span><span><span><span><span><span><span><span><span><span><span style="font-size: 10pt; line-height: 115%; font-family: ';">“Our leaders need to wake up, exercise some real discipline, and push for policies that reduce the failed role of government and reduce taxes on American investment to attract new capital to our markets.”</span></span></span></span></span></span></span></span></span></span></span></p>
<p class="MsoNormal" style="line-height: 115%;"><span><span><span><span><span><span><span><span><span><span></span></span></span></span></span></span></span></span></span></span></p>
<p class="MsoNormal" style="line-height: 115%; text-align: center;" align="center"><span><span><span><span><span><span><span><span><span><span><span style="font-size: 10pt; line-height: 115%; font-family: ';">###</span></span></span></span></span></span></span></span></span></span></span><span><span><span><span><span><span><span></span></span></span></span></span></span></span></p>
<p class="MsoNormal" style="line-height: 115%; text-align: center;" align="center"> </p>
<p class="MsoNormal" style="line-height: 115%; text-align: center;" align="center"><span style="font-size: 10pt; line-height: 115%; font-family: ';"><a href="http://demint.senate.gov/public/index.cfm?FuseAction=PressReleases.Detail&amp;PressRelease_id=714767d9-fa2b-216a-eaec-63380c279b16"><span style="color: #004276;">http://demint.senate.gov/public/index.cfm?FuseAction=PressReleases.Detail&amp;PressRelease_id=714767d9-fa2b-216a-eaec-63380c279b16</span></a></span></p>
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		<title>abortion survivor on Obama</title>
		<link>http://kevinbryant.com/2008/09/18/abortion-survivor-on-obama/</link>
		<comments>http://kevinbryant.com/2008/09/18/abortion-survivor-on-obama/#comments</comments>
		<pubDate>Thu, 18 Sep 2008 11:40:34 +0000</pubDate>
		<dc:creator>Sen. Kevin L. Bryant</dc:creator>
		
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://kevinbryant.com/?p=646</guid>
		<description><![CDATA[Can you imagine not giving babies their basic human rights, no matter how they entered our world? My name is Gianna Jessen, born 31 years ago after a failed abortion. I’m a survivor, as are many others…but if Barack Obama had his way, I wouldn’t be here.
Unfortunately, Barack Obama voted four times against affording these [...]<script type="text/javascript">SHARETHIS.addEntry({ title: "abortion survivor on Obama", url: "http://kevinbryant.com/2008/09/18/abortion-survivor-on-obama/" });</script>]]></description>
			<content:encoded><![CDATA[<p>Can you imagine not giving babies their basic human rights, no matter how they entered our world? My name is Gianna Jessen, born 31 years ago after a failed abortion. I’m a survivor, as are many others…but if Barack Obama had his way, I wouldn’t be here.</p>
<p>Unfortunately, Barack Obama voted four times against affording these babies their most basic human right. I have serious concerns about Senator Obama’s record and views on this issue, given he voted against these protections four times as a state Senator. Just as abuse victims share their stories to educate the public, fight for the common good and hope that as a result politicians do what’s right, I felt it was important to come forward and give these new born babies a voice. </p>
<p>I am living proof these babies have a right to live, and I invite you to learn more about Senator Obama’s record on this important issue. </p>
<p>-Abortion Survivor Gianna Jessen</p>
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