A Balanced Budget Amendment: The Path to Fiscal Sanity
We’ve got to make changes right now. And the only way that we can commit to future cuts, to future structural reforms, the only way we can bind future Congresses is by amending the U.S. Constitution, to change the way we spend money, limit spending as a percentage of GDP and to require a supermajority to spend more than we have or to raise taxes.
Spending Away Our Freedom — Day Lee Briefing 6/30/2011
Today’s Agenda Today, Senator Lee attends a Judiciary Committee hearing discussing oversight of the Financial Fraud Enforcement Task Force, tapes an interview with Judge Napolitano for Fox Business, and talks […]
Lee, GOP Senators Push for Balanced Budget Amendment
Today, the Senate Republican Caucus began a coordinated effort to push for passage of the S. J. Res 10, the Hatch Lee Balanced Budget Amendment. Senator Mike Lee, a lead cosponsor of the bill, has consistently championed the need for binding, structural spending reforms like a constitutional amendment, even before joining the Senate. The bill would force Congress to balance its budget each year, limit spending to no more than 18% of GDP, and require a supermajority vote in both the House and Senate before raising taxes or increasing the nation’s debt ceiling.
Lee, Romney Talk Economy
“I appreciate Governor Romney taking the time to meet with me today,” said Sen. Lee. “I expressed my view that we are currently dealing with the critical fiscal issues of this generation and that we need strong leadership on these issues. I was happy to hear that Gov. Romney supports the Cut, Cap and Balance Pledge including a Balanced Budget Amendment—one of my top priorities—and that his focus remains on growing the economy to create good jobs for our country.”
Spending Caps Act — Day Lee Briefing 6/28/2011
Today’s Agenda Senator Lee attends a Froeign Relations Committee hearing on Libya and hosts his weekly press conference with Utah press. From the Senator’s Desk Senator Lee is an […]
DeMint, Lee, Paul Offer Bill to Begin Restoring Sound Money
Today, U.S. Senators Jim DeMint (R-South Carolina), Mike Lee (R-Utah) and Rand Paul (R-Kentucky) introduced the Sound Money Promotion Act, legislation that would remove the tax burden on gold and silver coins that have been declared legal tender by the federal government or state governments. On May 9, the State of Utah became the first state to recognize such gold and silver coins as legal tender for use within the state, and similar legislation has been introduced in 12 other states, including South Carolina.
Making it Worse — Day Lee Briefing 6/27/2011
Today’s Agenda Senator Lee meets with staff to discuss upcoming issues, including the budget and the ongoing conflict in Libya. He also has several media interviews, including PJTV, Politico, and […]
Cut, Cap, and Balance
It’s been called the most preventable disaster in American history. The coming debt crisis is so predictable it’s difficult to find a single economist, expert, politician or American taxpayer who doesn’t warn of the consequences of spending and borrowing ourselves into oblivion.
Cut, Cap, Balance in a time of sluggish growth | Day Lee Briefing — 6/24/2011
Today’s Agenda Senator Lee continues to work on promoting the Cut, Cap, Balance plan in Congress – a deal that would allow a vote on increasing the debt limit only […]
President’s SPR Release a Shrewd Political Move
Today, the President announced he was ordering the release of 30 million barrels of oil from the U.S. Strategic Petroleum Reserve. Having spent the better part of his administration preventing the development of America’s oil and natural gas resources and increasing costs for our domestic energy companies, this announcement can only be viewed as a shrewd political move by the President.