published Monday, February 14th, 2011

Tennessee senators say Obama budget doesn’t cut spending enough

The $3.73 trillion budget proposal unveiled today by the White House fails to do enough to limit federal spending, Tennessee’s U.S. senators said today.

“I still don’t see a sense of urgency from the president about the massive federal debt,” Senate Republican Caucus Chairman Lamar Alexander, R-Tenn., said in a statement. “His budget calls for too much government borrowing — even though debt is already at a level that makes it harder to create private-sector jobs.”

With the U.S. government approaching the debt limit of $14.29 trillion, U.S. Sen. Bob Corker, R-Tenn., said Congress needs “a fiscal straitjacket” to curtail spending.

“The president has missed an opportunity to show real leadership on the number-one issue threatening our country’s future,” U.S. Sen. Bob Corker, R-Tenn., said in a statement about the White House budget today. “Getting spending under control and reducing our deficit will be difficult without presidential leadership.”

Obama’s new budget projects that the deficit for the current year will surge to a record high of $1.65 trillion. The White House blueprint released today calls spending cuts and tax increases in the next decade that would cut about 14 percent of the $8 trillion in cumulative debt that would otherwise be added to the government’s balance sheet, according to today’s Wall Street Journal.

For complete details, see tomorrow’s Chattanooga Times Free Press.

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7Seventeen said...

Since the Republicans created the "number-one issue threatening our country’s future", let's hear their ideas for fixing the economy. I remember when George W. Bush and his Republican congress inherited a balanced budget and proceeded to drive up a record deficit in two years. The voters sent them packing in 2008 and since then Republicans have done nothing but try to obstruct progress.

If Republicans are so focused on leadership and fixing the economy, why did the first three bills out of the Republican House this year have to do with restricting abortions and redefining rape?

Finally, any politician who doesn't discuss cutting the defense budget and tax cuts for rich people isn't serious about fixing the economy.

That is all.

February 14, 2011 at 12:19 p.m.
jpo3136 said...

The lack of urgency and failure to lead occurred when Republican Senators, like our own Corker and Alexander, failed to put a direct stop to the Bush Tax Cuts for the Wealthy.

Instead, they foisted some lame PR scheme about "tax increases" when we all knew it was about renewing --renewing-- the tax breaks for the rich.

Want to get serious about fixing the budget? Maybe try some President Regan-style socialism: reinstitute tax policies that President bush failed to enforce when he was giving his buddies a pass on their social obligations.

Nothing quite like fighting a war with inadequate armor and low ammo when the President gives a free pass to his rich friends.

Also not forgotten: Senator Corker and Senator Alexander's failure to do the right thing and stop the Bush Tax Cuts for the Wealthy.

Do not elect any Republican who fails to stop the Bush Tax Cuts for the Wealthy. Their disgusting pandering to Wall Street is past its prime. Elect a Pet Rock, if necessary; but, do not renew the Senatorial terms of Corker and Alexander after this failure to do what's right.

Stop the Bush Tax Cuts for the Wealthy. No exceptions.

February 14, 2011 at 5:39 p.m.
inquiringmind said...

Yes, we had the greatest economic expansion in the history of our country, least debt, more employees, etc during the Clinton years then Bush took over. So now to pay for the excesses of the two Bushes, let's get out of Iraq, Afghanistan, stop all ongoing new military vehicle development, stop the rebuild of the locks at Chicamauga, and Federal highway funding, sell off TVA to the private industry, abolish the mortgage deduction, eliminate social security and medicare, get rid of dept. of homeland security, energy, education and replace with private industry, get rid of OSHA, EPA and all regulations on pollution, cut all aid to colleges and all insurance of student loans, stop funding any research and development and turn it all over to private enterprise, Eliminate all taxes on wealthy and only tax poor (the wealthy will create jobs for us) and after a few years we will see who cries "uncle."

February 14, 2011 at 6:35 p.m.
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