Spend What You Have, Not What You Want
Jul 7, 2011
If you're creating a budget, what's the first thing you need to know: how much you have or how much you want to spend?
The answer to this question exposes a fundamental difference between how Republicans and Democrats approach the nation's finances. And it was on full display last week in the Senate.
Lee, GOP Senators Push for Balanced Budget Amendment
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.
DeMint, Lee, Paul Offer Bill to Begin Restoring Sound Money
Jun 28, 2011
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.
Cut, Cap, and Balance
Jun 27, 2011
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.
Lee Signs Cut, Cap, Balance Pledge
Jun 22, 2011
"Cut, Cap, and Balance is the single most significant reform package Congress has seen in decades," said Senator Lee. "It forces Washington to balance its books with strict, enforceable fiscal restraints and will cut spending significantly and immediately to improve our economy and create jobs."
