U.S. Sen. Bob Corker (R), a former state Finance Commissioner, still keeps an eye on the bottom line.
"In Washington, we borrow 40-cents of every dollar we spend today," Corker told Nashville Women's Political Caucus members. "We need to fundamentally change the way we do things."
"Politicians want to give people what they wish so they'll get re-elected," he noted. "They are basically using money to get what they want today without thinking of future generations."
Corker brought the problem home, pointing out "We've had 10 percent unemployment in our state due to the financial meltdown at the national level." He recently advised Laura Tyson, incoming head of the President's Council of Economic Advisors, to institute policies to grow the Gross Domestic Product.
He praised the President's new Deficit Reduction Commission co-chaired by Democrat Erskine Bowles and Republican Alan Simpson. "Erskine Bowles thinks our spending should be 21 percent of our GDP. I think that is a great contribution to at least throw a number out there we can talk about," the Senator said, though he prefers to set spending at 18 percent.
"My goal is to get Tennesseans to focus on this issue," Sen. Corker said. He is traveling throughout Middle Tennessee during the month of August.
The Senator reminded his audience that the last time the federal budget balanced was when there was a Democratic President, Bill Clinton, and a Republican Congress. "I say that for those who think there is no hope for our two parties to work together in Washington," he said.