Crossroads on Our Fiscal Path -- Day Lee Briefing 7/28/2011
Jul 28, 2011
Debt rating agencies and leading Wall Street institutions warn us that unless $4 trillion in cuts are made, with long-term sustainable fiscal policies to balance the budget, the U.S. will lose its AAA status within 90 days. As we all know, a downgrade will result in higher interest rates and downwardly spiraling financial performance as debt service costs rise. This is a scenario we literally cannot afford.
Joint Economic Committee Hearing -- 7/27/2011
Jul 27, 2011
With the August 2nd debt limit deadline fast approaching, we stand at a crossroads on our fiscal path and economic future. If we do not restrain and permanently reform federal spending, we place our nation in grave danger.
Defaults, Downgrades, and Deals - Day Lee Briefing 7/27/2011
Jul 27, 2011
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.
Neck on the Line -- Day Lee Briefing 7/25/2011
Jul 25, 2011
It's an insult not only to me and to my colleagues but to all Americans when addressing an issue this important to have so little debate and discussion over this issue. I find it appalling. I find it reprehensible.
Debt Proposals are "Typical Washington Answers"
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."
The Fuel of Perpetual Expansion -- Day Lee Briefing 7/22/2011
Jul 22, 2011
In 2006 and prior and in subsequent debt limit extension votes, there was no serious debate attached to it as to a permanent solution. We have to amend the governing document, the law of laws, the only kind of law that can bind future Congresses in order to solve this problem. We have to do it now. This is part of what it means to be an American. We as Americans crave liberty and we eschew tyranny to any degree.
Lee: Blocking 'Cut, Cap, and Balance' Vote is Shameful and Despicable
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.
Senator Lee and Senator Sessions Respond to Senator Reid's Motion to Table Cut, Cap, Balance
Jul 22, 2011
Senator Lee and Senator Sessions Respond to Senator Reid's Motion to Table Cut, Cap, Balance
23 Senate Democrats Support a Balanced Budget Amendment
Jul 21, 2011
23 Senate Democrats Support a Balanced Budget Amendment
Poll Shows 66% of Americans Support Cut, Cap, Balance
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.
