Alexander on Administration’s Budget: “This 10-year Budget Is a Blueprint for a Country Our Children and Grandchildren Can’t Afford.”

Posted on March 24, 2009

U.S. Senator Lamar Alexander (R-Tenn.) today made the following remarks on the floor of the U.S. Senate: • “This 10-year budget is a blueprint for a country our children and grandchildren can’t afford. It doubles the public debt in five years; nearly triples it in ten. It grows the public debt to 82 percent of the gross domestic product by 2019. All the presidents of the United States from George Washington to George W. Bush didn’t run up as much debt as this president proposes to do in the next 10 years.” • “I suggest that we put a limit on runaway debt that it can’t be more than 90 percent of gross domestic product. Another proposal is to enact a bipartisan Conrad-Gregg proposal that would say to Congress and the president we need to set up a special mechanism to deal with entitlement spending, the runaway spending for Medicare, Medicaid, and Social Security, which is the biggest part of the debt problem.” • “Now is not the time to impose a $600 billion tax on electric bills and gasoline prices – in the middle of a recession. Republicans will offer a clean energy agenda based on nuclear power and electric cars and finding more natural gas as well as oil and aggressively funding research in solar energy and in finding ways to capture carbon and an entire variety of new forms of energy. We can do all that without imposing a new tax on the American people in the middle of a recession.”