The Challenge of Our Time — Day Lee Briefing 12/15/2011

The Challenge of Our Time — Day Lee Briefing 12/15/2011

On the eve of a possible government shutdown, Senate Majority Leader Harry Reid (D-Nev.) and Senate Minority Leader Mitch McConnell (R-Ky.) tamped down their rhetoric on Thursday and tried to reassure skeptics that their differences can be resolved at the 11th-hour.

Lee Statement on BBA Vote

Though it was no surprise that getting the requisite two-thirds vote on either amendment was a tough hill to climb, I am shocked that more than sixty percent of the Democrat caucus could not support either version.

Highlights from Today’s Floor Debate on the Balanced Budget Amendment

Today, the Senate vigorously debated the details of a balanced budget amendment. Below are comments from some of my colleagues, who agree that we need a strong BBA that will truly force the federal government to live within its means, rather than a Trojan horse BBA that will make runaway deficits a permanent part of Washington’s books

Lee Urges Senate to Pass Meaningful Spending Restriction

Ahead of this week’s vote in the Senate on two competing versions of a balanced budget amendment, Senator Lee urged his colleagues to support S. J. Res 10, the only version that will lead to meaningful spending restraint.

Mathematical Borrowing Limit Approaching — Day Lee Briefing 12/09/2011

Accept no imitations. Beware of the Trojan horse balanced budget amendment, the one that can be circumvented easy by a simple majority vote. Beware of the balanced budget amendment that doesn’t limit as a percentage of GDP Congress’s ability to spend money. Look out for these principles.