Lee Proposes Debt Ceiling Solution — Day Lee Briefing 7/11/2011

July 11, 2011

Lee Proposes Debt Ceiling Solution — Day Lee Briefing 7/11/2011

Today’s Agenda

Senator Lee travels to Washington today where procedural votes are expected this evening. 

From the Senator’s Desk

Last week, Senator Lee introduced the “Cut, Cap, and Balance” Act (S1340):

“AMENDMENT TO TITLE 31.—Effective on the date that the Archivist of the United States transmits to  the States S.J. Res. 10, a balanced budget amendment to the Constitution, or a similar amendment provided it requires that total outlays not exceed total receipts, that contains a spending limitation as a percentage of GDP, and requires that tax increases be approved by a supermajority vote in both houses of Congress, for their ratification, subsection (b) of section 3101 of title 31, United States Code, is amended by striking the dollar limitation 20contained in such subsection and inserting $16,700,000,000,000.” —The “Balance” Section of Senator Lee’s “Cut, Cap, and Balance” Act

 

Around the Water Cooler

Jobs: “ The stimulus is over, and it has completely failed.”

Cut, Cap, Balance: “The federal government has been borrowing money in increasingly large chunks ever since you were born, since before you were born. You’ll be responsible, in one way or another, for paying for that.”

Land Use: “The new director of the U.S. Fish and Wildlife Service said Saturday that while hunters and environmentalists fight over things such as wolf delisting, proposed major cuts to long-established conservation plans could have much more dire consequences.”

 

A Look Ahead

Tomorrow, Senator Lee will discus his “Cut, Cap, and Balance” legidslation on CNBC’s “Squawk Box” and on Federal News Radio.  He meets with the nominees for the ambassadorships of Mexico and Mali, and sits down with several Utah constituents to talk about proposed changes in Medicare. His regularly scheduled Utah tele-press conference will take place, as well.

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