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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.


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Friday, April 26, 2019

  • Newport Planning Commission
  • Cocke County Planning Commission
  • Unfounded Jefferson school threat
  • House members "bribed" for votes
  • March jobless numbers
  • Senate voucher bill
  • Household hazardous waste
  • Cruise Against Cancer
  • Drug take back

    Thursday, April 25, 2019

  • Martin sentence
  • Jefferson County pipe bomb
  • Wilson indictment
  • Jenkins arrest
  • Hooper portrait unveiling
  • Cocke County art contest winners

    Wednesday, April 24, 2019

  • House approves voucher bill
  • Newport City Council special meeting
  • Newport Utilities
  • Drug take-back

    Tuesday, April 23, 2019

  • Six injured in crash
  • Cocke Finance Committee
  • Cocke County grand jury
  • Legislative action

    Monday, April 22, 2019

  • Cocke County flooding
  • Tennessee jobs
  • NFL draft coming to Nashville
  • Earth Day
  • Sturgein release
  •    

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