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: ARNOLD, KENNETH ROGER  3711 CLIO AVENUE CHATTANOOGA, 37407  Age at Arrest: 52 years old Arresting Agency: Chattanooga VIOLATION OF PROBATION (DRIVING UNDER THE INFLUENC --- BAILEY, HUNTER ALEXANDER  6427 HIGHWAY 301 TRENTON, 307525200  Age at Arrest: 26 years old Arresting Agency: ... (click for more)

Latest Hamilton County Jail Booking Report

Here is the latest jail booking report from Hamilton County: ANDERSON, BRANDON MONTEZ  3216 GLEASON DRIVE CHATTANOOGA, 37412  Age at Arrest: 22 years old Arresting Agency: Hamilton County FINANCIAL RESPONSIBILITY FELONY EVADING ARREST DRIVING ON REVOKED, SUSPENDED OR CANCELLED LICENSE SPEEDING --- BELL, TYRELL LOVELL  2115 12TH ST CHATTANOOGA, ... (click for more)

Whatever Happened To The People's Game Warden?

Earlier this year a Chattanoogan.com article published a Tennessee Wildlife Resources Agency  (TWRA) Wildlife Officer encouraging readers to turn in anyone keeping or caring for an orphaned raccoon, squirrel, bunny or deer, because it may have rabies or pose a danger to some fictitious person.   In another  article, the TWRA Officer invaded a girl's home, seized ... (click for more)

Roy Exum: Einstein Explains Insanity

In September of 2002, a detailed study of “Tennessee Schools on Notice” was prepared by the state’s Office of Education Accountability. This was when Senator Bob Corker was the Mayor of Chattanooga and it proves, pretty thoroughly I might add, that after millions upon millions of extra dollars have been poured down the collective drains at schools such as Orchard Knob, Clifton Hills, ... (click for more)

Bucs Nip Silverdale In Error-Plagued Baseball, 9-7

The Boyd-Buchanan Buccaneers and the Silverdale Baptist Academy Seahawks played a crucial baseball doubleheader on Saturday with first place in District 5-A on the line. Both teams entered play for the first game at Silverdale sporting identical 6-0 district records, but you would never have known it by the way that first game was played. In a see-saw game where the side was ... (click for more)

East Hamilton Dumps Ooltewah 3-2 For Choo Choo Softball Title

Softball, like most sports, is about numbers. How about these two One – the number of hits East Hamilton got off Ooltewah pitcher Mackenzie Patterson. Three – the number of errors Ooltewah made and the number of runs East Hamilton scored in the first inning. Oh, and one more: Eighteenth – the number of the final out when East Hamilton pitcher Sydnie Rogers ... (click for more)