(CNSNews.com) - "There's going to be a red wave election. And I can't wait. I can't wait to get back to doing things the way they're supposed to be done," Sen. Mike Lee (R-Utah) said on Sunday.
"And make no mistake" Lee told Fox News's Maria Bartiromo, "if we as Republicans are given another chance to control both houses of Congress, we understand that we will be on a short leash. We understand that things can't be business as usual. We have got to undertake this effort to combat inflation seriously, aggressively, and by reining in federal spending and reining in excesses and abuses of government that have been going on for far too long."
Lee listed his priorities as follows: "I think it's imperative that Republicans come together around spending reform, around regulatory reform, and on aggressive oversight for the next two years."
Bartiromo asked Lee how he would reverse the inflationary effects of too much government spending -- too much money (COVID relief) chasing too few goods.
"Well, first of all, we have got to stop doing what caused the problem," Lee said:
"And I agree with you. I agree with Milton Friedman, who explained, in the last major phase of inflationary pressures in the American economy, that inflation in America has but one source. It's excessive federal spending, excessive spending by Congress.
"So, step one is to stop the bleeding, stop the excessive spending. It's been rammed through, like that 1-point -- trillion-dollar bill rammed through on a party-line vote, as you mentioned a moment ago. Step two has got to involve a major review and overhaul of the way we move spending bills through Congress.
"They need to be on the floor longer, subject to debate, discussion and amendment. Step three, we need to undertake a massive review and overhaul of the federal regulatory system that imposes $2 trillion to $3 trillion of regulatory compliance costs on the economy.
"Not every one of these regulations is necessary. Not every one of these regulations is as light-touch as it needs to be. Republicans need to -- must and will govern differently, if given the chance this time around."
Lee said he thinks it would be a "mistake" to "ram through a major omnibus spending bill" in the lame-duck session that follows the midterm election.
"If, in fact, Republicans take control of both houses of Congress, I think that would be a major mistake. In fact, if we take control of even one house of Congress, I think that would be a mistake.
"So, if there is a Republican victory of any significant scope on Tuesday, I think what we need to do is pass a continuing resolution to keep the government funded through perhaps the end of January, allowing Republicans to move in and pass their own spending bill without all the Democratic pork added into it."
Lee, now running for re-election against an "independent" who would vote with Democrats, has been in the Senate since 2010. He sits on the Joint Economic Committee, Judiciary Committee, Energy and Natural Resources Committee, Commerce, Science, and Transportation Committee and the Special Committee on Aging.
His mission statement reads as follows: "My Mission is to drive the message of constitutionally limited government, while being accessible, responsive, and connected to the citizens of Utah. I will work to restore the federal government to its constitutionally limited scope by supporting a balanced budget amendment, term limits, earmark reform, entitlement reform, peace through military strength, and measures designed to promote energy independence."