Oak Ridge Today

Alexander will oppose two-year budget bill being considered by Senate

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U.S. Senator Lamar Alexander

Lamar Alexander

U.S. Sen. Lamar Alexander said he will oppose a two-year budget agreement that cleared a key Senate hurdle on Tuesday and is expected to keep the government open through 2015.

The bill passed the Republican-controlled House of Representatives on Thursday in a 332-94 vote. It’s now being considered in the Senate, which is controlled by Democrats, and could win congressional approval this week.

“I will vote against the budget agreement because it avoids the federal government’s most urgent need: reducing the growth of runaway entitlement spending,” said Alexander, a Tennessee Republican. “Instead, it spends savings that should be used to strengthen Medicare, pensions, and the air transportation system.”

Rep. Chuck Fleischmann, a Tennessee Republican whose district includes Oak Ridge, supported the legislation last week.

Passage of the bill is likely to offer relief to federal employees and government contractors in Oak Ridge—and to the businesses that support them. Many reported impacts during the last partial government shutdown in October. [Read more…]

Alexander supports balanced budget amendment to U.S. Constitution

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U.S. Senator Lamar Alexander

U.S. Sen. Lamar Alexander

U.S. Sen. Lamar Alexander on Wednesday announced he will be an original cosponsor of a balanced budget amendment to the U.S. Constitution.

“For eight years as governor, I balanced Tennessee’s budget, and other states balance their budgets—I don’t see why Washington can’t do the same,” said Alexander, a Tennessee Republican.

The second-term senator said the federal government is borrowing 42 cents of every dollar it spends, and that’s money the country dosen’t have.

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Alexander, Fleischmann release statements on State of the Union

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U.S. Senator Lamar Alexander

U.S. Sen. Lamar Alexander

U.S. Representative Chuck Fleischmann

U.S. Rep. Chuck Fleischmann

In his State of the Union speech on Tuesday, President Barack Obama called for raising the minimum wage, doing more to fight global warming, and reducing the deficit through spending cuts and tax increases.

The president also called for voting on new gun laws, reforming Medicare and the tax code, and working with states to make high-quality preschool available to every child.

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Alexander, Corker vote against bill to increase debt limit

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U.S. Senator Lamar Alexander

Lamar Alexander

U.S. Senator Bob Corker

Bob Corker

U.S. senators Lamar Alexander and Bob Corker, both Tennessee Republicans, on Thursday voted against H.R. 325, the House-passed debt limit bill, and urged Congress to focus on reforming Medicare, Medicaid, and Social Security, a press release said.

“I voted against this bill because it raises the debt ceiling without taking steps to reduce the debt,” Alexander said. “Sen. Corker and I have introduced legislation that would reduce entitlement spending by nearly $1 trillion in exchange for the president’s expected request to increase the debt ceiling.”

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Corker, Alexander propose dollar-for-dollar spending, debt limit plan

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Tennessee senators Bob Corker and Lamar Alexander have introduced a plan to reduce the growth in federal entitlement spending by almost $1 trillion in exchange for increasing the nation’s debt limit by $1 trillion, possibly this spring.

The Dollar for Dollar Act of 2012 would reduce the growth in spending on Medicare, Medicaid, and Social Security, according to a statement posted on Corker’s website. Most of the spending reductions—$689 billion—would come from Medicare reform.

Corker and Alexander seemed confident that Congress and the White House would reach a deal in the so-called “fiscal cliff” negotiations, a high-stakes debate that has dragged on for weeks over how to avoid automatic spending cuts and tax increases starting Jan. 1.

“When the dust settles, federal income taxes will not increase for almost all Americans next year,” Corker and Alexander said.

The two Republicans said their dollar-for-dollar plan “focused on helping Americans avoid falling off the fiscal cliff no one wants to talk about, the looming bankruptcy of Medicare.”

[Read more…]