Update from Senator Bob Corker - February 2, 2013

Senator Bob Corker
2013-02-02 09:31:35
Bob Corker - U.S. Senator, Tennessee [image = corker.enews.senate.gov//images/user_images/1277156967_Twitter_48x48.png] [link 1] [image = corker.enews.senate.gov//images/user_images/FacebookIcon_thumb.png] [link 2] [image = corker.enews.senate.gov//images/user_images/YoutubeIcon_thumb.png] [link 3] *E-MAIL UPDATES* *Yes, please periodically send me e-mail updates.** Click Here [link 4] *By subscribing to my e-mail updates, you are authorizing me to send regular e-mail updates from my office to your e-mail account. Survey/Question [survey] *Update from Senator Bob Corker February 2, 2013* *Voting Against Debt Limit Increase* Senator Corker voted against the House-passed debt limit bill this week and urged Congress to focus on reforming Medicare, Medicaid and Social Security. "I hope over the next few months the House and Senate will be able to come together and pass structural, transformative reforms to Social Security, Medicare and Medicaid that will save these programs and put our country on a path to fiscal solvency,� said Corker. �We have an obligation to older and younger Americans. Young Americans expect us to solve our fiscal issues so they aren�t saddled with debt and robbed of their opportunity for the American dream, and seniors expect us to honor the commitments we have made to them.� In December, Corker and Senator Lamar Alexander offered the �Dollar for Dollar Act,� S. 3673, legislation to raise the debt ceiling by roughly $1 trillion in exchange for roughly $1 trillion in reforms to Social Security, Medicare and Medicaid. The bill incorporates many of the recommendations made by President Obama�s Debt Commission (Simpson-Bowles) as well as by former Republican Senator Pete Domenici and Alice Rivlin, budget director for former President Clinton. Click HERE [link 5] for the Dollar for Dollar Act summary and HERE [link 6] for the bill text. *Restoring Solvency to Housing Finance* Following a Federal Housing Administration announcement [link 7] on Wednesday, Senator Corker said he is pleased the FHA is following through on steps to restore solvency to housing finance. In December, Corker secured [link 8] a commitment from FHA Commissioner and Assistant Secretary for Housing Carol Galante to make substantial changes to FHA underwriting requirements in order to begin restoring financial stability at FHA after substantial losses, primarily from a flawed reverse mortgage program. "I am pleased that the FHA is following through on the steps we discussed last year to strengthen its fund and to get itself back to solvency, but this is only a first step in fundamentally reforming our system of housing finance so that we are not completely reliant on the government � and on taxpayer losses � to support homeownership,� said Corker. For more information, click here [link 9]. �

E-MAIL UPDATES

Yes, please periodically send me e-mail updates.*

Click Here

*By subscribing to my
e-mail updates, you are authorizing me to send regular e-mail updates from my office to your e-mail account.

*By answering this survey, you are subscribing to my newsletter.

Update from Senator Bob Corker
February 2, 2013

Voting Against Debt Limit Increase

Senator Corker voted against the House-passed debt limit bill this week and urged Congress to focus on reforming Medicare, Medicaid and Social Security.

"I hope over the next few months the House and Senate will be able to come together and pass structural, transformative reforms to Social Security, Medicare and Medicaid that will save these programs and put our country on a path to fiscal solvency,� said Corker. �We have an obligation to older and younger Americans. Young Americans expect us to solve our fiscal issues so they aren�t saddled with debt and robbed of their opportunity for the American dream, and seniors expect us to honor the commitments we have made to them.�

In December, Corker and Senator Lamar Alexander offered the �Dollar for Dollar Act,� S. 3673, legislation to raise the debt ceiling by roughly $1 trillion in exchange for roughly $1 trillion in reforms to Social Security, Medicare and Medicaid. The bill incorporates many of the recommendations made by President Obama�s Debt Commission (Simpson-Bowles) as well as by former Republican Senator Pete Domenici and Alice Rivlin, budget director for former President Clinton. Click

Restoring Solvency to Housing Finance

Following a Federal Housing Administration

In December, Corker

"I am pleased that the FHA is following through on the steps we discussed last year to strengthen its fund and to get itself back to solvency, but this is only a first step in fundamentally reforming our system of housing finance so that we are not completely reliant on the government � and on taxpayer losses � to support homeownership,� said Corker.

For more information, click