Press Releases

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.

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.

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

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.