Press Releases

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

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.

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.

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.