A local businesswoman has officially thrown her hat into the ring for U.S. Representative.
Republican Elaine Hays is running on a platform based mainly on fiscal conservatism. She would be running against current District 13 Representative Mac Thornberry in the 2014 election.
Hays says financial mismanagement on the federal level is to blame for many of the nation's economic woes, and that her experience as both a small business owner and a certified public accountant would qualify her to make some much-needed reforms.
"The House and the Senate and the President are required to submit a budget every year," says Hays, "and it had been five years since they had followed the law, so the House of Representatives had come up with "No Budget, No Pay," that if the Senate did not pass a budget, they were not going to be paid. And it did help; we actually finally got a budget passed out other the Senate. And so I would like to see that extended and applied to the House, the Senate, and the White House as well, because the President has a time limit when he's supposed to respond and submit his budget, and he was four months late."Hays says she supported Rep. Thornberry until five years ago, when he voted in favor of the Troubled Asset Relief Program ( TARP), which many say exacerbated the housing crisis of 2008. "It was a type of legislation that encouraged banks to take great risks, and if they were successful, then they got to keep the profits," says Hays. "But if it was a loss, then the taxpayers would cover those losses, and it was absolutely the wrong type of economic policy to tell businesses, 'We will privatize your profts, but we're going to nationalize losses and be sure you're covered.'" If you'd like to learn more about Hays or her platform, follow the link attached to this story