U.S. Senator Lamar Alexander (R-TN) told a Greene County Exchange Club/Rotary Club gathering of more than 150 business and civic leaders that Washington, D.C. must “change the way we do business.”
“It’s unacceptable that our national debt is over $9 trillion dollars and growing,” Alexander said. “By 2030, analysts estimate the cost of Social Security, Medicare, and Medicaid alone will exceed the total cost of government today. It’s not enough just to cut a few programs here and there. We have to fundamentally change the way we do business in Washington when it comes to spending taxpayer dollars.”
Alexander, a member of the Senate Appropriations Committee, highlighted his continued to support for legislation to curb wasteful Washington spending by highlighting three proposals that he has cosponsored as legislation in the U.S. Senate:
1. Presidential Line Item Veto – to give the President the ability to cut individual pork barrel projects from congressional spending bills.
2. 2-Year Budgeting – Congress would pass a two-year budget during the first year and use the second year to take a good look at what federal programs are working and what ones are not – and either fix or stop paying for broken programs.
3. Bipartisan Task Force for Responsible Fiscal Action - a bipartisan effort to review all aspects of the government’s long-term financial condition and find solutions to protect critical programs while keeping costs down which would be fast-tracked through Congress and guaranteed an up or down vote.
“These major budgetary reforms have divided members of the Appropriations Committee, but I took this position before I was named to the Committee and my view has not changed,” Alexander said. “These proposals will help us figure out how to save money, instead of arguing about how to spend it.”