Fiscal Responsibility

Fiscal Responsibility

Under the principle of fiscal responsibility, the federal government should spend no more than it takes in, and only run deficits in very limited, specific circumstances.  Washington should use reasonable budget projections to forecast future revenue and only spend money on its constitutional obligations.  Budget deficits should require Congress to prioritize spending and make necessary cuts to wasteful, duplicative, and ineffective programs. 

Unfortunately, Washington rarely, if ever, operates under the principles of fiscal responsibility.  The current system is set up to spend too much and borrow more  It is a downward spiral with only negative economic consequences.  

Simple reforms like spending caps, deficit targets, and “pay-as-you-go” have proven ineffective at forcing fiscal responsibility in Congress.  I believe we must operate under the framework of a balanced budget amendment so that Congress is unable to spend beyond its means unless it is truly necessary. 

A balanced budget amendment would not dictate where we direct specific resources or tell the federal government where to reduce spending.  Future Congresses would still determine our spending priorities.  However, it would force Washington to act fiscally responsible way with those limited taxpayer resources and bring greater accountability to government. 

Blogs

Op-Eds

July 2013
Date Title
7/24/13 The middle class or the middle men?
May 2013
Date Title
5/16/13 The Obama Scandals Aren’t About Bad Government, but Big Government
February 2013
Date Title
2/14/13 Washington needs a Balanced Budget Amendment
January 2013
Date Title
1/4/13 Sen. Mike Lee: 'Fiscal cliff' deal: When 'good enough' isn't
November 2012
Date Title
11/26/12 LEE: After fiscal cliff comes fiscal avalanche
September 2011
Date Title
9/21/11 A Pro-Growth Jobs Agenda
August 2011
Date Title
8/30/11 Congress Needs Structural Reform
8/29/11 Washington doesn't know best
July 2011
Date Title
7/8/11 Obama's "Recovery" Worst in Modern Times
June 2011
Date Title
6/27/11 Cut, Cap, and Balance

Videos

August 2011
Date Title
8/2/11 Closer to the Unknown
Show Hide
Associated Image

August Town Hall Schedule

Senator Lee will be holding several town hall meetings during the month of August. Visit the town hall page to find a meeting being held in your area.