Toomey, Sestak Spar On Taxes, Spending & The Economy

Former U.S. Rep. Pat Toomey today continued his efforts to paint U.S. Rep. Joe Sestak as a tax-and-spend liberal while Sestak countered with more claims that Toomey only looks out of "Wall Street and the ultra-rich."

Toomey started the day with a news conference in front of Independence Hall, where he accepted the endorsement in the Nov. 2 general election for U.S. Senate from the Council for Citizens Against Government Waste.  Tom Schatz, that group's chairman, called Toomey a "proven leader in fighting higher spending and wasteful taxes," a record he said stood in "stark contrast" to Sestak's votes in the U.S. House.  Toomey hit Sestak for voting for earmarks, special spending items sought by individual lawmakers.  He called that a "very deeply flawed" part of how Congress spends money.

Sestak, who was in Washington, D.C. for House votes today, followed Toomey with an afternoon conference call with Gus Faucher, a Pennsylvania economist.  Sestak said Toomey "did damage to American economic stability" when the former Congressman repeatedly voted to drive up the nation's deficits after 2001 while also voting to deregulate Wall Street practices.  Faucher said the deficit spending during the administration of President George Bush had a much larger impact on the economy than the stimulus package pushed by President Obama.