Corker Says CBO Report Is "Sobering"

Tuesday, February 4, 2014

Senator Bob Corker released the following statement after the non-partisan Congressional Budget Office announced today that the U.S. will add over $9 trillion in new debt and nearly double Medicare and Social Security spending over the next 10 years. The report also finds that the health care law will continue to negatively impact economic growth and result in 2.5 million fewer Americans working in the next decade, he said.

 

Senator Corker said, “Today’s CBO report gives a sobering outlook on our economy.  It confirms what we’ve known all along: The health care law is having a tremendously negative impact on economic growth, while entitlement spending continues to drive our nation’s debt to historic levels. Reforming Medicare and Social Security so they are strong and solvent is the only way to put our country on a sound fiscal path that will allow for continued growth and prosperity.”

 

Last year, he said he and Senator Lamar Alexander 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, he said.

Senator Lamar Alexander said:

“The CBO’s new report that Obamacare is likely to force more than two million Americans out of their jobs is yet more evidence that the president took the country in the wrong direction on health care reform. We need to start over and go step by step with reforms that reduce the cost of health care so more Americans can afford to buy insurance.”

 


Sign Up To Get The Latest News, Opinions From Chattanoogan.com In Real Time; Win Set Of Chattanooga Photo Books

Sign up for our Facebook and Twitter feeds and you will get the  local news in "real time." You will also be entered for a chance to win the complete set of the Chattanooga Photo Books published by Chattanoogan.com. We will give away three sets of The Remarkable Stokes Collection, Railroads In and Around Chattanooga and Paul Hiener's Historic Chattanooga to our new Facebook ... (click for more)

Latest Hamilton County Jail Booking Report

Here is the latest jail booking report from Hamilton County: ADAIR, GENE LAMAR  1400 N CHAMBERLAIN AVENUE APT 8 CHATTANOOGA, 37406  Age at Arrest: 65 years old Arresting Agency: Chattanooga DOMESTIC ASSAULT ----- ANDERSON, SHARI MELISSA  317 LEGGET ROAD SALE CREEK, 37373  Age at Arrest: 25 years old Arresting Agency: Hamilton County DOMESTIC ... (click for more)

Exempt Volunteer Fire Departments From Procurement Policies - And Response (2)

The Hamilton County Commission just grouped a bunch of departments together in an attempt to reign in the CVB. I haven't spoken to any commissioners, but I truly believe it was unknowingly. By mandating that all non profits that receive 25 percent of their revenue follow county procurement policies, they might as well have padlocked all local volunteer fire departments. We expect ... (click for more)

Roy Exum: The Ghost & The Eclipse

So you don’t believe in ghosts, haints or spirits? And you don’t believe that smack in the middle of this August, it is going to be nighttime in the middle of the day? Then put on your seatbelt and sit next to me … First, the ghost. The 6 th Congressional District in the State of Georgia is in the northern part of Atlanta’s suburbs. It includes Roswell, Sandy Springs, Dunwoody ... (click for more)

Chattanooga Continues Hot Second-Half Start With Two 6-0 Wins Over Pensacola Sunday

Game One Sunday Andy Wilkins had three hits and two RBI, and Dereck Rodriguez allowed just two hits over six innings as the Chattanooga Lookouts beat the Pensacola Blue Wahoos 6-0 in the first game of a doubleheader on Sunday. Rodriguez (1-0) struck out six and walked two to pick up the win. Up 1-0 in the fourth, Chattanooga added to its lead when LaMonte Wade hit a two-run ... (click for more)

Cleveland High School Selects Joey Knox As Head Wrestling Coach

Cleveland High School has selected Joey Knox as the next head coach for the Blue Raider Wrestling program.  Coach Knox has been with the wrestling program as an assistant since 2013.  During his assistant coaching tenure, the team has secured six Team State Championships, including five individual State Champions and 20 State Medalists.    Cleveland High ... (click for more)