State of Tennessee secondary Archives: on Budget & Economy


Terry Adams: Income inequality has grown worse in recent decades

When I hear some politician saying the bottom 47% are takers, or lazy, or some other such nonsense, it infuriates me. Both of my parents were in the bottom 47% and they were neither takers nor lazy. They worked, and worked hard. They were also very proud of their labor and their contributions to this country. In those days, the dream that your children would do better than you because of your hard work was often a reality. Now that reality is fading. America is one of the most wealth-unequal countries in the world. In fact, out of 141 countries, the United States leads only Russia, the Ukraine, and Lebanon.

Adjusting for inflation, from 1966 to 2011, incomes for the bottom 90% of Americans rose by just $59.00. Meanwhile over the same period, the top 10% saw their incomes grow $116,071. Our economy has grown by leaps and bounds but nearly all of the rewards have gone to the top.

Source: 2014 TN Senate campaign website, AdamsForTN.com Jun 25, 2014

Terry Adams: Start reinvesting in the American Dream

We have to get back to basics on the economy, starting with reinvesting in the American Dream. The middle-class and small businesses are the bedrock of the economy and new industries are the future of Tennessee and the future of America.
Source: 2014 TN Senate campaign website, AdamsForTN.com Jun 25, 2014

Bob Corker: Claims Ford tried to add $280 billion to national debt

Q: How would you combat the national debt?

FORD: Everybody in our country--even children and newborns--owes the US government $28,000. In the last 6 years under my opponent’s party’s leadership, the debt has grown by almost $2 trillion. And the people who will pay it will be you and I and everyone else. I have a couple of simple answers. They’re going to call me a liberal, but if they wanted to control the debt, they could have by now.

  1. We ought to pass a balanced budget amendment.
  2. We ought to move to a two-year budget cycles.
  3. We ought to end all of this pork-barrel spending.
  4. We ought to say to 16 federal agencies, out of 23, that if they can’t audit themselves, then no more federal tax money.

CORKER: The only person who’s been in Washington over the last 10 years is Congressman Ford. He’s tried to add $280 billion to your tab. His actions in Washington have been far different than what he says.
Source: 2006 TN Senate debate, at Univ. of Chattanooga, x-ref Ford Oct 10, 2006

Harold Ford: Fight $2 trillion debt by balancing budget & ending pork

Q: How would you combat the national debt?

FORD: Everybody in our country--even children and newborns--owes the US government $28,000. In the last 6 years under my opponent’s party’s leadership, the debt has grown by almost $2 trillion. And the people who will pay it will be you and I and everyone else. I have a couple of simple answers. They’re going to call me a liberal, but if they wanted to control the debt, they could have by now.

  1. We ought to pass a balanced budget amendment.
  2. We ought to move to a two-year budget cycles.
  3. We ought to end all of this pork-barrel spending.
  4. We ought to say to 16 federal agencies, out of 23, that if they can’t audit themselves, then no more federal tax money.

CORKER: The only person who’s been in Washington over the last 10 years is Congressman Ford. He’s tried to add $280 billion to your tab. His actions in Washington have been far different than what he says.
Source: 2006 TN Senate debate, at University of Chattanooga Oct 10, 2006

  • The above quotations are from State of Tennessee Politicians: secondary Archives.
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