Frist, Alexander Back Stop Over-Spending Act

Wednesday, June 14, 2006

U.S. Senate Majority Leader Bill Frist (R-Tenn.) made the following statement after Senate Budget Committee Chairman Judd Gregg (R-N.H.) introduced the Stop Over-Spending (S.O.S.) Act of 2006. Frist is a cosponsor of the legislation and attended today’s press conference unveiling the bill:

“Changes in the budget process are long overdue. It’s my belief that the new tools in S.O.S. are the most effective measures available for strengthening fiscal discipline and fixing our broken budget process. Enacting the entire proposal will be a challenge, particularly in Washington, where the forces of spending remain active and strong. But achieving even one element of the S.O.S. reform package would be a major accomplishment in our struggle to control spending — and it’s my goal to see this done before I leave here.

"I thank Chairman Gregg for his leadership on this issue and applaud his dedication to strengthening our budget process.”

Sen. Lamar Alexander said, “Washington is filled with forces that encourage spending. This legislation would create new forces to restrain spending.

“It would give the President the line- item veto most governors have, establish real budget caps and create a new commission to evaluate and eliminate duplicative federal programs. Congress also needs a two-year budgeting process, so that every other year we can devote most of our time to oversight and ending programs instead of always creating and extending programs.”

The Stop Over-Spending Act, sponsored by Sen. Judd Gregg (R-NH), contains the following provisions:

Line-Item Veto – Creates a line-item veto tool that allows the President to target wasteful spending, ask that it be rescinded, and send it up to Congress for expedited consideration;
Biennial Budget – Establishes a two-year budget cycle with the first year devoted to adopting a two-year budget resolution and the appropriations and the second year used for authorizing and oversight;
Commission on the Accountability and Review of Federal Agencies (CARFA) – Creates a BRAC-like commission to evaluate federal programs and report to Congress which programs should be realigned or eliminated;
Automatic Deficit Reduction Mechanism – Creates a mechanism to balance the budget by 2012 by setting budget caps and automatically slows the rate of growth for mandatory spending if Congress fails to meet deficit reduction targets;
Statutory Caps on Discretionary Spending – Caps the amount of discretionary spending each year, and;
Medicare Trigger – If Medicare goes beyond 45 percent of the general fund in any two consecutive years over the next seven years, a budget point of order will be raised against any new entitlement spending.



1 Person In Critical Condition After Wreck On Jones Gap Road

One person is in critical condition after a wreck on Jones Gap Road. Hamilton County Sheriff's deputies, along with HCEMS and fire personnel, were on the scene of the accident near the 13,300 block of Jones Gap Road. Due to the crash, north and southbound Jones Gap Road was closed between the gas station (at the corner of Jones Gap Road and Highway 111) through to the ... (click for more)

Signal Mountain Man Charged In Shooting

A Signal Mountain has been charged after a shooting near the 3100 block of Highway 127 in Sequatchie County on Friday night. Stewart Luttrell, 31, was charged with aggravated assault. Deputies found a man who was shot in the side. Luttrell was then located in a wooded area. The shooting victim was in stable condition. Luttrell was taken to the Sequatchie ... (click for more)

Mayor Invites Civil War II - And Response (16)

I just received an email from the Mayor stating that he filed paperwork to remove the city of Chattanooga as the trustee for the Confederate Cemetery on Third Street. I understand the Mayor's intent was to distance the city from it's racist past and subsequent hate, but I feel like this is an interesting move without much thought of the consequences. The Mayor prefaced his ... (click for more)

Berke Plan To Solve Discrimination Is To Kick Dead Veterans To The Curb

Racism and discrimination is wrong. What is the best way for a parent to teach a child the evils of discrimination? Should the parent demonstrate and repetitively incentivize the proper behavior? Or, would it be more productive to badger the child over and over again for the sins of the child's g-g-g-grandfather who died 150 years ago? Would burning the personal effects of the grandfather ... (click for more)

Unbeaten Boyd-Buchanan Wins Hixson Invitational

The Upperman Bees came to Chattanooga on Saturday, hoping to improve on their second-place finish from a year ago in the Hixson Invitational volleyball tournament. The Bees were again the best in their pool as they defeated teams from Hixson, Grace, McEwen and Notre Dame. They got a note of revenge in the Gold division semifinal with a 25-13, 25-17 win over defending champ ... (click for more)

Baylor Wins Showdown At The Sunsphere Volleyball

The Baylor Lady Red Raider volleyball team got its season off to a great start this weekend by winning eight straight matches and claiming the championship hardware in the Gold division of the Showdown at the Sunsphere tournament in Knoxville. Baylor had wins over King's Academy, Farragut, Heritage, Siegel, Oak Ridge, Brentwood and Hardin Valley with another win over Heritage. ... (click for more)