Senator Bob Corker Reacts To Fiscal Cliff Discussions - NewsChannel5.com | Nashville News, Weather & Sports

Senator Bob Corker Reacts To Fiscal Cliff Discussions

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Senator Bob Corker (R) Tennessee Senator Bob Corker (R) Tennessee

NASHVILLE, Tenn.- Time is running out for lawmakers to pull Tennessee back from the fiscal cliff. For weeks, lawmakers have been meeting behind closed doors and over the phone, but one Tennessee lawmaker now suggests more needs to be done.

"I think really the discussions around the fiscal cliff haven't even begun to be serious yet, and the reason they haven't is that we really have not begun to talk about real entitlement reforms; and the only way you are going to have a true avoidance, where you have a solution, is to mix an appropriate amount of revenues with true entitlement reform," said Senator Bob Corker (R) Tennessee. "Until the debate moves to that point, there is really no serious debate taking place."

Senator Corker did say he believes those serious talks will come this week. A recent proposal by Treasury Secretary Timothy Geithner has received negative response from Republicans suggesting each side is nowhere near a solution. If they don't reach a deal soon, Tennesseans will be welcoming in the New Year with tax increases and deep spending cuts.

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