published Saturday, July 2nd, 2011

Sen. Alexander on the budget

Sen. Lamar Alexander, R-Tenn., is commendably backing the Republican call for a balanced-budget amendment to the Constitution to address irresponsible spending.

Noting that all Republicans in the Senate back the measure (though it unfortunately lacks Democrat support), Alexander stated in a news release, “I am for cutting spending, capping what Congress can spend each year, and passing a Balanced Budget Amendment because Washington has to stop spending money we don’t have.”

He said the amendment would require the president and Congress to pass a balanced budget each year, cap federal spending at 18 percent of gross domestic product, and require a two-thirds vote of the House of Representatives and Senate to raise taxes.

What could be more obvious than the fact that a nation as deep in debt as ours is needs to begin producing balanced budgets?

Obviously, we will not dig out from under our catastrophic debt load with just a few years of balanced budgets, but it would be a start. That is better than ignoring the problem until there must be devastating cuts in even essential spending, plus huge tax increases.

Don’t you believe Alexander and the other senators favoring a balanced-budget amendment are being more responsible than Senate Democrats are being in opposing it?

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328Kwebsite said...

Senator Alexander did a great job of supporting the Bush administration's plunge into massive indebtedness. We're glad to hear that he agrees with President Clinton's PayGO policy. An excellent turnaround. One fine area to cut spending is on subsidies to Big Oil and Big Pharma, particularly those in Senator Alexander's district. We're glad to hear he unconditionally supports the removal of tax subsidies being provided to Big Oil Governor Haslam. Thanks, Senator Alexander, for your late return to an educated dialog with public policy.

July 2, 2011 at 4:26 a.m.
moon4kat said...
 I once respected the Republican Party, but no more.

The current GOP "leaders" have promised to do everything in their power to make our duly-elected President “fail.” That is their primary agenda, even it means destroying the nation.
Yes, cuts need to be made in spending. But, that must be balanced with sufficient income to balance the budget. Instead, Republicans are willing to let the United States default, rather than raise taxes on the extremely wealthy. That is irrational and unpatriotic.

July 2, 2011 at 12:10 p.m.
hambone said...

Just another **"look at the shinny object". All the republican senators are for it, but if Obama saif he supports a balanced budget see how fast they turn against it!

July 2, 2011 at 10:47 p.m.
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