Rand Launches New Plan
Article from The Hill by Rand Paul (R. – KY.).
I will introduce a FULLY BALANCED budget that includes spending cuts, entitlement reform, and a plan to bring our fiscal house in order. No more trillion-dollar deficits. No more adding to the $21 trillion debt with reckless abandon.
Instead, here are some of the highlights from my balanced budget plan.
My budget will balance in FIVE years, without touching Social Security. It repeals the Bipartisan Budget Act of 2018 and its trillion-dollar deficits and instead uses the Penny Plan to balance.
What does that mean? It means that next year we will spend 1 percent less than we spend this year, and for the next five years, until balance is reached between revenues and spending. After that, the budget will begin to grow again at one percent per year instead of cutting.
Read the entire article at The Hill.
Image Credit: Gage Skidmore [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons