About Alan:

Alan received a Masters in Accounting from the University of Houston, became a CPA and a Fellow in HFMA. He had a lengthy career in Healthcare Finance serving in positions such as: VP of Finance of the Healthcare Div. of HAI, VP of Finance for Cardinal Glennon Children's Hospital and CFO of Adena Health System. He specialized in budgeting, strategic financial plan development, operational analysis and management reporting systems.

This would seem to be good training for his role of "watch dog" of the Federal Budget.

Thursday, October 9, 2014

NC Senate Debate (10/7/14): Questions Sen. Hagan Should Have Been Asked

Sen. Kay Hagan and Speaker Thom Tillis debated on a variety of subjects, many of which they would have little control over as a Senator.  But some of the most important topics never came up.  Topics like Budget Deficits, National Debt and Social Security.  For a Republican to leave them on the table is like leaving your best players on the sidelines in your state championship football game.

- Sen. Hagan took office in 2009 and has watched Majority Leader Harry Reid violate law by refusing to pass a budget in the Senate.  What is Sen. Hagan's position on her party leader's refusing to pass budgets?

http://washingtonexaminer.com/with-elections-looming-and-debt-rising-senate-democrats-wont-put-out-fiscal-2015-budget/article/2544889

- Sen. Hagan took office in 2009 when the National Debt had just exceeded $10 trillion.  By the end of December it will exceed $18 trillion.  Yet according to the 2014 National Journal Almanac of American Politics (page 1239) Sen. Hagan voted "No" in the 112th Session on a Balanced Budget Amendment bill.  (As did every other Democrat.)  $8 trillion in additional debt adds between $400 billion and $480 billion per year in additional Interest Outlays at normal interest rates.  What is Sen. Hagan's position on rapidly increasing debt, interest outlays and a Balanced Budget Amendment?

- Each year since Sen. Hagan took office the Social Security Trustees have urged Congress to act in a timely manner in passing reforms to the program.  They've included that urging in the conclusion section of their annual Trustee Trust Fund report every year beginning in at least 2005.  Yet Senate Majority Leader Harry Reid is on record saying he won't allow the Senate to consider reforms until 2031 (2011 + 20 years).  With the WH OMB's projections for the next 10 years showing that Social Security Outlays will exceed Social Security Payroll Tax Receipts by $2.1 trillion, what is Sen. Hagan's position on Social Security reforms and how would she keep it solvent for future years?

http://www.thefiscaltimes.com/Articles/2011/03/28/Hands-Off-Social-Security-Harry-Reid
http://www.ssa.gov/oact/tr/2014/index.html
http://www.ssa.gov/oact/tr/2005/index.html

Aren't these the questions that Sen. Hagan should be asked to answer in their third debate?  But I won't hold my breath waiting for that to happen.

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