Senator's plan would save trillions, balance budget in five years.
Campaign for Liberty applauded Senator Rand Paul (R-KY) today for the introduction of a plan to balance the budget in five years. The proposal, also backed by Senator Jim DeMint (R-SC) and Senator Mike Lee (R-UT), provides a comprehensive course of action to eliminate our current $1.7 trillion deficit and pay down the $14 trillion debt.
Some highlights of Senator Rand Paul's plan are:
- Saves nearly $4 trillion over 5 years
- Reduces military funding by 6 percent
- Eliminates foreign aid
- Repeals ObamaCare tax hikes
- Restructures government to eliminate four unconstitutional or unneeded departments
- Preserves current Medicare and Social Security benefits while requiring implementation of comprehensive entitlement reform by 2016.
The proposed plan would achieve a $19 billion surplus in FY2016.
"Campaign for Liberty is proud of Rand Paul's budget and commends his efforts," said Campaign for Liberty President John Tate. "Where other budget plans we have seen out of Washington merely tinker around the edges without making substantial cuts, Senator Paul has produced the first serious plan to reduce government spending to proper, sustainable levels. To avoid financial collapse, Democrats and Republicans must look to this proposal as a guide for what can and must be done."
Campaign for Liberty is a 501(c)(4) grassroots issue advocacy organization with over 600,000 members nationwide, enjoying leadership and support in all 50 states.
Contacts:
Campaign for Liberty
Jesse Benton, 202-246-6363