Alexander, Corker Say CBO Long-Term Deficit Report Reinforces Need For Entitlement Reform

Tuesday, September 17, 2013

Senators Lamar Alexander (R-Tn.) and Bob Corker (R-Tn.), sponsors of the Fiscal Sustainability Act, said the Congressional budget office’s Long-Term Budget Outlook released on Tuesday reinforces that entitlement spending is driving our nation’s debt to unsustainable levels. 

According to the non-partisan report, federal spending for the major health care programs and Social Security would increase to a total of 14 percent of gross domestic product by 2038, up from under 10 percent today. Total federal spending will grow rapidly as a percentage of GDP, reaching a record 26 percent in 2038.

“Runaway entitlement spending is going to leave young Americans forever known as the debt-paying generation if Congress and President Obama don’t fix the problem with a plan like the Fiscal Sustainability Act. We’ll have watched America pass from the hands of the ‘greatest generation’ to the ‘debt-paying generation’ with nothing to show for it but the bill,” said Senator Alexander.

“This report shows once again that entitlement spending is driving our nation’s debt to unsustainable levels and crowding out productive investments our country could be making in things like infrastructure, research and development, and national security.  As CBO notes, the typical Medicare beneficiary today receives about $200,000 more in benefits over their lifetime than they have paid into the Medicare system. Fixing this imbalance and others in Medicare and Social Security so they are strong and solvent, as Senator Alexander and I propose in the Fiscal Sustainability Act, is the only way to put our country on a sound fiscal path that will allow for continued growth and prosperity,” said Senator Corker.

In February, Senators Alexander and Corker introduced the Fiscal Sustainability Act, S. 11, to reduce the growth of entitlement spending (Medicare, Medicaid and Social Security) by nearly $1 trillion in the next decade in order to improve the programs’ solvency. The bill incorporates many of the recommendations made by President Obama’s Debt Commission (Simpson-Bowles) as well as by former Republican Senator Pete Domenici and Alice Rivlin, budget director for former President Clinton. 

Click here to view the CBO report.



Latest Hamilton County Jail Booking Report

Here is the latest jail booking report from Hamilton County: ALMONTE, SALUD CANCINO  4090 AUBURN HILLS DRIVE OOLTEWAH, 37363  Age at Arrest: 37 years old Arresting Agency: Chattanooga THEFT OF PROPERTY (CONDUCT INVOLV.MERCHANDISE) UND --- BAILEY, SHERRY ELIZABETH  8421 CAN RD SODDY DAISY, 37379  Age at Arrest: 57 years old Arresting Agency: ... (click for more)

Vacant Home Damaged By Fire Saturday Morning

Chattanooga Fire Department received a call Saturday morning at 2002 E. 34th Street, for smoke showing from windows at a residence. Firefighters from Q9 arrived to find smoke showing from the front of a vacant, single-family dwelling. The fire was quickly attacked and extinguished within 10 minutes , with additional aid from four fire companies. Captain Chris ... (click for more)

Brown V. Board (1954) 64 Years Late: Our Schools At A Crossroads

May 17, 1954 is a date forever etched upon the annals of American history because on that pivotal day the Supreme Court would affirm in the decision of Brown v. Board (1954). “We conclude that in the field of public education the doctrine of ‘separate but equal’ has no place. Separate educational facilities are inherently unequal.” This ruling overturned the infamous Plessy v. Ferguson ... (click for more)

Roy Exum: The Same Family Tree

When it was learned the UnifiEd Foundation was a left-wing crowd of political organizers rather than a group with the sole intent of bettering public education in Hamilton County, several other liberal groups fell under scrutiny and it is uncanny how many of the same few people are intertwined in a county of 360,000 people. Or, as one critic succinctly said, “They are all from ... (click for more)

Ooltewah Marches To State Softball Tourney With 7-2 Win Over Lincoln County

(Story Ooltewah is going to state. Again. Powered by Kayla Boseman’s one-hit, 12-strikeout performance in the circle and a combined 8-for-10, three-run and two-RBI offensive punch from Boseman, Ally Chernak and Mabry Carpenter, the Lady Owls whipped visiting Lincoln County, 7-2, Saturday afternoon to win the Class 3A sectional for their third trip to the state softball ... (click for more)

Lookout Valley Falls Just Short Of State Tournament

  Season endings are always painful, but much like a burn injury, there are degrees of pain. The Lookout Valley Jackets saw a monster season come to a close Saturday one step shy of a Class A state tournament berth, falling 7-4 to a good University High School out of Johnson City in a Class A Sectional battle.   The immediate aftermath cut deep into ... (click for more)