Friday, March 9, 2012

Rand Paul Unveils Latest Budget Proposal

Via Conservative Heritage Times

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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