Corker, Alexander, Fleischmann Hit Obama Budget

Tuesday, March 4, 2014

Senator Lamar Alexander on Tuesday said President Obama’s proposed 10-year budget for 2015 “never balances” and does not do enough to address “runaway entitlement spending” that is driving the federal government’s debt, which is more than $17 trillion.

“President Obama’s proposed 10-year budget never balances and adds about $8 trillion to the federal debt over the next 10 years,” Senator Alexander said. “The president also failed to include a more accurate measure of inflation for adjusting entitlement spending and tax rates, a simple, fair way to fix the federal debt that he already proposed last year.

“We need to do more to fix the federal government’s more than  $17 trillion debt by enacting plans like the Fiscal Sustainability Act I’ve introduced with Senator Corker, which would reduce the growth in runaway entitlement spending by nearly $1 trillion over 10 years. If we don’t make tough decisions now, we’ll have let America slip from the hands of the ‘greatest generation’ to the ‘debt-paying generation’ with nothing to show for it but the bill.”

In last year’s 10-year budget, the president proposed what is known as the chained Consumer Price Index, which Senator Alexander said is a more accurate way to calculate inflation for entitlement spending and tax rates. The Fiscal Sustainability Act Alexander introduced with Senator Bob Corker includes chained CPI and other reforms to reduce the growth in mandatory entitlement spending by nearly $1 trillion over the next 10 years.

Senator Bob Corker said,  “I think everyone understands that this budget proposal is not a serious document and will have no effect on policy. Unfortunately, the administration continues to be unwilling to deal with the critical issue of putting our fiscal house in order.”

Congressman Chuck Fleischmann said, “Unfortunately, this budget proposal is just more of the same from President Obama.  It further maintains the status quo that is simply not good enough for the American people.  His budget weakens our national defense, does nothing to preserve or reform mandatory spending programs, and increases the tax burden on the American people with the sole intent of allowing Washington to spend more.  

"With three years left in his presidency, this budget is just further proof that the President has no desire to address the root of our fiscal challenges.”

 

 

 


Get Emailed Headlines From Chattanoogan.com; Like Us On Facebook, Twitter For Instant News

We send out headlines each day of the latest Chattanooga news. Our news headlines have links that take you to the stories with a click. We also send out special emails if there is a highly significant local news story breaking so you will be aware of it quickly. To be added to the email headline list, just email us at news@chattanoogan.com In addition, like us on Facebook ... (click for more)

Home Damaged By Fire On Greenwood Drive

Chattanooga firefighters were dispatched to an evening house fire on Thursday evening. The Chattanooga Fire Department received the alarm at  7:26 p.m.  and responded to 1911 Greenwood Drive with 5 fire companies. Incident commander Capt. David Thompson Jr. said that when the first companies arrived, the single story vacant residence was showing a lot of smoke. ... (click for more)

Children Should Not Get Holiday For Solar Eclipse

Re: County Schools to close for the solar eclipse: What a waste of an educational opportunity. The local folks in-charge of the Hamilton County, Tn., school system just announced that they are going to cancel school on Aug. 21 the day of the eclipse.  To protect the children from being on the school bus during the time of the eclipse.  It will be dark and other ... (click for more)

Roy Exum: Jake, A Great Man

When Bob McKamey was 18 years old, the late Hitch Grimes came home on furlough from the Marine Corps and brought a handsome, energetic friend with him, Jake Butcher. “That was 64 years ago and that’s when it started, one of the greatest friendships of my life. Talking about Jake is like picking up a book with 1,000 pages and opening it to a random page. Only you can hardly put it ... (click for more)

Barons Batter Lookouts Again Thursday As Chattanooga Loses, 9-6

Danny Mendick hit a two-run double in the third inning, and Keon Barnum homered and had two hits as the Birmingham Barons defeated the Chattanooga Lookouts 9-6 on Thursday. The double by Mendick, part of a three-run inning, gave the Barons a 2-1 lead before Hunter Jones hit an RBI double later in the inning. Trailing 7-2, the Lookouts cut into the deficit in the sixth inning ... (click for more)

SEC Annouces Television Schedule For First Three Weeks Of 2017 Season

The SEC Office on Tuesday announced the start times for games on the SEC Network during the first three weeks of the 2017 season.   The SEC Network Saturday schedule opens with three games on September 2 .  The Network will air six games on the second week of the season and five games in Week 3.  The first Conference matchup of the year on the ... (click for more)