|
|
 |
|
|
|
|
|
|
|
| |
|
Alexander Says Budget Would Allow China to Tell the U.S. “How to Run Our Business”
|
| |
April 1st, 2009 - WASHINGTON - U.S. Senator Lamar Alexander (R-Tenn.) made the following remarks on the Senate floor before a vote on his amendment, which would have required a 60-vote threshold to increase public debt beyond 90 percent of GDP in any given year.
“This is the runaway debt limit amendment,” said Alexander, a member of the Senate Budget Committee. “It says 60 senators have to agree before a budget can bring out national debt to more than 90 percent of U.S. gross domestic product – which this budget does every single year.”
“We saw this week the leverage a lender can have over a borrower. The President of the United States fired the president of General Motors. Well, China, Japan, and Middle Eastern oil countries already own $1.4 trillion of U.S. debt. This amendment would prevent China, Japan and the Middle Eastern oil countries from telling America how to run our business in the same way our government is telling General Motors how to run its business.”
The Alexander amendment would have raised a point of order against any budget resolution that estimates a gross federal debt exceeding 90 percent of GDP in any year covered in the budget. The point of order could only be waived by a 60-vote majority of the Senate. According to estimates from the nonpartisan Congressional Budget Office, President Obama’s budget begins its first year with a total debt of more than 95 percent of GDP and grows the debt to over 100 percent of GDP in 2017. Gross debt has not exceeded 90% of GDP since 1950, when the United States was recovering from WWII.
|
###
|
|
|
| April 2009 Press Releases: |
|
|
|
|
April 30, 2009 -
|
Alexander Statement on Senate Rejection of Proposal That Would Lead to Higher Mortgage Rates
|
|
|
April 30, 2009 -
|
Alexander Says Obama and Congress Should Speak With One Voice on Afghanistan
|
|
|
April 29, 2009 -
|
Alexander Says First 100 Days Is Blueprint for America “With Less Freedom, Fewer Choices, Fewer Opportunities”
|
|
|
April 28, 2009 -
|
Alexander Statement on Sebelius Confirmation
|
|
|
April 27, 2009 -
|
Alexander on Education: “What Would Lincoln Do?”
|
|
|
April 24, 2009 -
|
Alexander Joins Unanimous Senate in Support of National Civil Rights History Project
|
|
|
April 24, 2009 -
|
Senator Lamar Alexander Delivers Weekly Republican Address
|
|
|
April 24, 2009 -
|
Alexander: “The Department of Education Should Not Be a $500 Billion National Bank”
|
|
|
April 23, 2009 -
|
Carper, Alexander Push for Stronger Clean Air Standards
|
|
|
April 21, 2009 -
|
Alexander Says Earth Day “a Good Day to Save Our Mountaintops”
|
|
|
April 17, 2009 -
|
Alexander Statement on EPA’s Climate Change Announcement
|
|
|
April 16, 2009 -
|
Alexander Calls Solar, River Turbines, Wood Chips Promising TVA Renewable Electricity Options
|
|
|
April 16, 2009 -
|
Senator Lamar Alexander & Representative Heath Shuler Host Forum--"Choices: TVA and Renewable Electricity" (1 of 4)
|
|
|
April 16, 2009 -
|
Senator Lamar Alexander & Representative Heath Shuler Host Forum--"Choices: TVA and Renewable Electricity" (2 of 4)
|
|
|
April 16, 2009 -
|
Senator Lamar Alexander & Representative Heath Shuler Host Forum--"Choices: TVA and Renewable Electricity" (3 of 4)
|
|
|
April 16, 2009 -
|
Senator Lamar Alexander & Representative Heath Shuler Host Forum--"Choices: TVA and Renewable Electricity" (4 of 4)
|
|
|
April 15, 2009 -
|
Alexander: “We Need to Get Away from This Highly Complex Tax System”
|
|
|
April 15, 2009 -
|
Alexander: “Iris Glen on Cutting Edge of Green Energy”
|
|
|
April 13, 2009 -
|
U.S. Senator Lamar Alexander Joins Lipscomb University President Randy Lowry to unveil Access Lipscomb
|
|
|
April 13, 2009 -
|
Alexander, Corker Tour Tornado-Damaged Areas of Rutherford County, Talk with Affected Residents
|
|
|
April 9, 2009 -
|
ALEXANDER AND WAMP TOUR MOCCASIN BEND NATIONAL ARCHAEOLOGICAL DISTRICT
|
|
|
April 7, 2009 -
|
Alexander Statement on Reports That Tennessee Veterans Made Ill by VA Medical Errors
|
|
|
April 7, 2009 -
|
Alexander Tells Memphis Rotary Club that Deficit is Too High to Qualify U.S. as Member of European Union
|
|
|
April 3, 2009 -
|
Alexander: “Amendment Should Strengthen Oak Ridge Pension Plan”
|
|
|
April 3, 2009 -
|
Alexander Amendment Passes, Preserving Choice in Student Lending
|
|
|
April 3, 2009 -
|
Alexander Statement on Passage of Budget in Senate
|
|
|
April 2, 2009 -
|
Alexander Says State and Local Sales Tax Deduction One Step Closer to Becoming Permanent
|
|
April 1, 2009 -
|
current Press Release
|
|
|
April 1, 2009 -
|
Alexander Offers Amendment to Preserve Choice in Student Lending
|
|
 Radio Clip |  Television Clip
|
|
|
|
|
|
|
|
|
|
|
