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United States News
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Title: Rand Paul proposes $500 billion in federal budget cuts
Source: Fox News
URL Source: http://www.fox41.com/story/13911626 ... billion-in-federal-budget-cuts
Published: Jan 26, 2011
Author: staff
Post Date: 2011-01-26 15:34:04 by jwpegler
Keywords: None
Views: 12767
Comments: 28

U.S. Sen. Rand Paul wants to slash numerous federal programs, including food stamps for the poor, to save $500 billion in a single year.

A legislative proposal Paul introduced on Tuesday would slash $42 billion from the U.S. Department of Agriculture's food stamp program -- a 30 percent spending reduction. His proposal would eliminate numerous other programs, including the Corporation for Public Broadcasting, the Consumer Product Safety Commission and the National Endowment for the Arts.

Paul said the proposal would roll back federal spending to 2008 levels and eliminate what he considers the most wasteful programs.

The Kentucky Republican said he hopes his proposal will spark a dialogue within the Senate about how to repair the nation's economy.

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Begin Trace Mode for Comment # 6.

#3. To: jwpegler (#0)

The Kentucky Republican said he hopes his proposal will spark a dialogue within the Senate about how to repair the nation's economy....

He has to know this proposal will go nowhere. Not while .gov is in a printing frenzy.

I'm a bit disappointed with the number too. $500 billion ain't squat when the debt is roughly $14 trillion.

We The People  posted on  2011-01-26   15:43:36 ET  Reply   Untrace   Trace   Private Reply  


#6. To: We The People (#3) (Edited)

$500 billion ain't squat when the debt is roughly $14 trillion.

It's about 15% of the budget. The U.K. cut 29%. We need to cut about 35% to eliminate the annual deficit. Once the budget is balanced, it will take forever to pay off the debt.

He doesn't touch Social Security, Medicare, or Medicaid, which need to be reformed for the long haul.

He cuts the DOD by $73 billion. That could be doubled by bringing the troops home from Iraq and Afghanistan.

We'll see where this goes.

jwpegler  posted on  2011-01-26   15:58:09 ET  Reply   Untrace   Trace   Private Reply  


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