Home   |  Staff   |  Local News   |  Area Events   |  Birthdays   |  Photos   |  Contact Us   |  Employment
 
Wednesday, September 12, 2018

Blackburn/Bredesen on the federal defecit
The two candidates for the US Senate from Tennessee have different views on reducing the federal deficit. Democrat Phil Bredesen, who cut state spending when he was first elected governor to balance the state budget, said Tuesday he wants to freeze federal spending outside of Social Security until tax collections catch up with the $3.3 trillion U.S. budget. In the latest of his "fresh ideas" for Washington, Bredesen said Congress needs to set spending priorities to cap overall discretionary spending for five or six years until the growth in the economy and revenues matches what the federal government spends. Such an approach would require inflation-adjusted cuts in overall spending of 2 to 3 percent a year. But Bredesen said that is far less than the 9 percent cut in state spending he made during his first year as governor when the Great Recession reduced the state's tax collections. "Everyone gives lip service to fixing the deficit, but there has been no action," Bredesen told a Chamber of Commerce gathering. "Democrats my own party have never been great on the subject, but since the Reagan era, Republicans have completely fallen off the wagon as well." His Republican opponent, U.S. Rep. Marsha Blackburn, has called herself a "deficit hawk" and has endorsed a constitutional amendment to require a balanced budget each year. Blackburn said she favors cutting federal spending across the board and reforming entitlements such as Social Security and Medicare, which represent 60 percent of the federal budget, to control their growth. She favors pro-growth policies, such as making the recent tax cuts permanent, to promote more economic growth and tax revenues. Those tax cuts added $1,5 trillion to the federal deficit. "Congress should move to make the tax cuts permanent and examine further cuts for the middle class and small businesses," Blackburn said. "Cutting spending alone will not solve the problem, we must grow our economy." Bredesen, whose campaign is promoting what he calls "fresh air" in Washington, criticized Blackburn for not doing more to control spending and balancing the budget during her 16 years in the U.S. House.


Return to Today's News Stories - Front Page

Tuesday, January 22, 2019

  • Moore arrest
  • Lee sworn in as governor
  • MLK Celebration
  • Pit Bull attack
  • Knoxville trucker injured
  • Sanctuary cities
  • Gasoline moves higher

    Saturday, January 19, 2019

  • Broadway work wrapping up
  • Some Smokies open over the holiday
  • Lakeway Pallet fire
  • Unemployment benefits for federal workers
  • Bill Lee on issues

    Thursday, January 17, 2019

  • Graham home destroyed
  • Four inmates charged with assault
  • Cocke Circuit Court
  • Hepatitis C cases increasing in Tennessee

    Wednesday, January 16, 2019

  • Trouten/Franklin
  • Lane sentencing
  • The Wall
  • Hang up the phone..... while driving
  • Should national parks be open ?
  • Should national parks be open ?

    Tuesday, January 15, 2019

  • Cocke County Finance Committee
  • Warrants issued by Cocke County Circuit Court
  • A thru Z theft
  • VW to expand in Tennessee
  •    

    Home  |  Staff  |  Photos  |  Local News  |  Contact Us  |  Employment

    © 2007 92.3 WNPC - Bristol Broadcasting Company, Inc.
    All Rights Reserved