Sen. Rand Paul (R-KY) has introduced a new FY 2013 budget. Unlike his last effort, which cut exclusively -- though deeply -- from discretionary spending in order to show much could be cut without touching entitlements, this one includes some entitlement reforms. Paul claims his budget:
- Reduces federal spending by $11 trillion relative to President Obama's budget
- Balances in five years, within the balanced budget amendment window supported by all 47 Senate Republicans
- Achieves a $111 billion surplus in FY 2017
- Eliminates four Cabinet-level departments (Energy, Education, Commerce, and Housing and Urban Development) while privatizing the TSA
- Freezes foreign aid at $5 billion a year
- Reduces most discretionary spending to 2008 levels
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