“That’s an indictment of inefficiency, and it’s the reason why the debt and deficit continue,” Isakson said.
In January 2013, Isakson was named to the U.S. Senate Committee on Finance, which has jurisdiction over taxes, trade, Medicare and Social Security and which plays a critical role in the debate over cutting spending and reducing national debt.
He has introduced a bi-annual budget bill that has the support of nearly 50 senators.
• Port of Savannah project
The port that provided 297,000 jobs will soon be deepened from 42 to 47 feet.
Isakson calls the agreement the “single largest economic boost in the history of our state.”
Room for larger boats means more cargo coming through the Georgia port keeping and adding jobs as a result.
“There are good things happening for the state that sometimes go under the radar,” he said.
The project was initially approved in 1999. Currently, cost estimates are near $680 million with one third of that matching state funding.
The hefty price is for environmental mitigation and security.
“It’s taken 15 years to run the science, but we know we can do it and not damage the oxygen demand,” he said.
• Affordable Care Act
Isakson said 83 percent of “Obamacare” falls under the Medicare formula meaning its mandatory federal spending.
“You have to repeal the law,” the senator said. “You can’t defund it. My personal belief is that the Affordable Care Act will implode under its own weight. I think the end result will be a piecemeal approach repealing parts of it at a time to end up with the system we should have had in the first place.”
• Georgia Power closings
Environmental regulation will close a number of power plants in the coming years including Plant Branch that affects Baldwin and Putnam counties.
“I believe we are pushing coal regulation so far that we are actually hurting the United States more than we are actually helping the environment,” Isakson said. “It’s become an economic decision.”