Alexander Supports Balanced Budget Amendment To U.S. Constitution

Wednesday, February 13, 2013

Senator Lamar Alexander (R-Tn.) on Wednesday announced that he will be an original cosponsor of a balanced budget amendment to the U.S. Constitution, saying, “For eight years as governor I balanced Tennessee’s budget, and other states balance their budgets – I don’t see why Washington can’t do the same.”

Senator Alexander said, “Washington is borrowing 42 cents of every dollar it spends, money we don’t have. We must make tough decisions now to fix the debt.”

The proposal by Senate Minority Whip John Cornyn (R-Tx.) would require that the president submit and Congress pass a balanced budget. It would require a supermajority vote in both the House and Senate to raise taxes or increase the debt limit.

It also would cap spending at 18 percent of gross domestic product, which is roughly equal to the historical revenue average of 18.1 percent of gross domestic product. Under President Obama, spending was nearly 23 percent of GDP, according to the Congressional Budget Office.

The Congressional Budget Office also predicts that by 2025, every tax dollar the federal government collects will go toward entitlement spending like Medicare, Medicaid and Social Security, as well as interest on the debt.

“The Medicare trustees have said that within 12 years, the Medicare program will not have enough money to pay all of its hospital bills,” Senator Alexander said.

Senator Alexander and fellow Tennessee Republican Senator Bob Corker have introduced the “Dollar-for-Dollar Act,” which would reduce the growth in entitlement spending by $1 trillion. He also is an original cosponsor of the “No Budget, No Pay Act,” which would cut off pay to members of Congress if they don’t pass a budget and all 12 appropriations bills by the beginning of the fiscal year Oct. 1.

 


Suspcious Fire Damages Vacant House

Chattanooga firefighters responded to a house fire around 4:30 Monday morning at 1911 Huff Place.  Lt. Henry McElvain with the Fire Investigation Division said the house was vacant, but appeared to be in the process of being renovated. The dollar loss was estimated at $50,000. No injuries were reported.  Lt. McElvain said the cause of the fire appears to be suspicious ... (click for more)

Man Wanted For Philadelphia Double Murder Caught In Bradley County

A man wanted for a double homicide out of Philadelphia, Pa., was arrested early Tuesday in Bradley County. M embers of the Bradley County Criminal Investigations Division conducted a traffic stop on I-75 Northbound at the 29 mile marke. Upon interviewing those in the vehicle, it was determined one was wanted on the murders. He was taken into custody and has been booked ... (click for more)

Chattanooga Has Lost Its Most Popular Citizen - Luther Masingill

Chattanooga has lost its most popular citizen – Luther Masingill. Although we are saddened we cherish the memories.  All of us have a Luther story.  Mine is the first time I met Luther.  This was before TV and all of Chattanooga listened to Luther on the radio.  I was 12-years-old.  Some of my buddies and I had gone to the State Theater in downtown ... (click for more)

Roy Exum: An Election Day Fable

Every day I am peppered with emails that friends send to me from across the country so I am unsure of where the fable you are about to read originated. But with early voting for the November general election now in full swing, I think everyone who will -- or will not -- take part in freedom’s greatest privilege should read this story because I believe there is a great lesson contained ... (click for more)

Tennessee Wastes No Time Shifting Attention To Alabama

KNOXVILLE, Tenn. – L ittle time had passed following Tennessee's 34-3 loss to Ole Miss on Saturday night before the challenge that lies ahead this week crossed the mind of the UT staff. In past years, a loss of that type could have had a lasting impact on the psyche of the team. But  Tennessee coach Butch Jones   still sees his team progressing, both mentally ... (click for more)

Ooltewah's Riley Hickman: 2-for-2 Wins At Cleveland And Talladega

The “Hustler” Riley Hickman of Ooltewah hunkered down this weekend and picked up a pair of wins in Dirt Track competition. Friday night the # R1 “Hickman Manufacturing, American Billett, Austin Trucking, Tucker Mobile Home Service, Allstar Graphics, VP Racing Fuels, RH Designs, Competition Racing Equipment, A-1 Towing, MRC” sponsored CVR / Vic Hill powered machine ... (click for more)