Aug 2, 2011
The Budget Control Act represents a disappointing failure on the part of this Congress. We have squandered the best opportunity we had to fundamentally reform the way Washington spends money and put the nation on a sustainable path toward a balanced budget. Instead, this bill increases our national debt by more than $2 trillion and cuts spending by only $7 billion over the same time period. There is no reliable enforcement mechanism for future spending reductions. We only have the hollow promises from a Congress that created the mess in the first place.
Jul 25, 2011
WASHINGTON – Today, Senator Mike Lee released the following statement on the debt proposals released by Speaker John Boehner and Majority Leader Harry Reid: "Both plans represent typical Washington answers to the federal government's out-of-control spending problem. They add trillions to the national debt in the short-term while making hollow promises to cut spending in the long-term. Neither of the proposals fundamentally reform the way Washington spends money, require the federal government to balance its budget, or protect our triple-A credit rating."
Jul 22, 2011
Following a procedural vote to prevent the "Cut, Cap, and Balance Act" from coming to the Senate floor, Senator Mike Lee released the following statement: Today, Majority Leader Harry Reid used procedural tactic to prevent a vote on a bill that is supported by two-thirds of the country. It is shameful, despicable, and an abuse of this chamber. We weren’t even allowed sufficient time to debate the one bill in Congress that would address the country’s most immediate challenges.
Jul 21, 2011
Today, Senator Mike Lee highlighted a new CNN poll that shows two-thirds of the American people support the "cut, cap, and balance" approach to solving the nation’s debt crisis.
Jul 20, 2011
The mobile phone market is a critical component of our nation’s economy and the proposed merger between AT&T and T-Mobile deserves careful review. In my view, the merger has the potential to provide significant network efficiencies that may help alleviate capacity constraints, enable enhanced service quality, and facilitate expansion of a 4G LTE nationwide network, which would in turn create opportunities for handset innovation and continued development of data-rich applications.
Jul 20, 2011
Cut, Cap, and Balance is Plan A, B, and C because it is the only plan that will, a, protect the U.S. triple-A bond rating, b, balance the budget, and, c, raise the debt ceiling with Republican support
Jul 19, 2011
After the House passes the Cut, Cap, and Balance Act, as I expect them to do, the President will have to explain to the American people why he, Harry Reid, and Senate Democrats are blocking the increase in the debt ceiling they requested. So far, we have heard that the President opposes immediate spending cuts and a constitutional amendment that requires the federal government to balance it budget, which puts him directly at odds with the majority of Americans.
Jul 14, 2011
That begs the question, why are Social Security beneficiaries the first to be threatened? Why is it their checks that the President is threatening to withhold first? There is no explanation to this that he's offered, and I hereby demand one. I think our current retirees deserve more than to be used as pawns in a high-stakes political game; one that uses fear and uncertainty and doubt rather than reason and discussion and debate and willingness to compromise.
Jul 11, 2011
Today Senator Mike Lee (R-UT) sent a letter to Interior Secretary Ken Salazar requesting clarification on new restrictions that serve to further prevent the development of America's abundant domestic resources.
Jun 29, 2011
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.