Rand PaulKentucky Senator Rand Paul has introduced a federal budget for the 2013 fiscal year. “A Platform To Revitalize America,” introduced with co-sponsors Senators Jim DeMint and Mike Lee, would eliminate the deficit within five years and is supported by all 47 Senate Republicans.
Reminder: It’s been over a thousand days since the Senate Democrats have passed a budget, and President Obama’s proposed budget would add almost a trillion dollars to our debt next year alone. And it doesn’t even make an attempt at reforming Social Security or Medicare, which are horribly broken and riddled with riddled with fraud.
So how did the Republicans balance the budget inside of half a decade? With real, honest to goodness spending cuts. First out the door is unnecessary bureaucracy – say ‘buh-bye’ to the Departments of Commerce, Education (Pell grants to be preserved), Housing and Urban Development, and Energy. It also repeals Obamacare and Dodd-Frank, privatizes the TSA, opens ANWR for oil drilling and permits the Keystone XL Pipeline project.
Instead of raising taxes to increase revenue (which never works, by the way), this plan proposes a 17 percent flat tax for individuals and corporations. It fixes Social Security for the next 75 years and preserves Medicare. Foreign aid spending would be capped at $5 billion a year, federal lands would be sold off, and government ownership of ‘bailout’ companies would be liquidated.
There are many other sound provisions that you can read about here, if you’re so inclined.
I’m getting a tear in my eye just thinking about it! Fiscal sanity. The boom that would take place by allowing individuals and corporations to keep more of their own money to spend and invest as they saw fit would create so many jobs that ex-government employees would have no trouble finding work.
Just think -- we might be free to make our purchasing decisions, like whether or not to buy health insurance, or to negotiate directly with our doctors for treatment. The cost of gas would go down! Bank fees would go down!
Sorry, got carried away there for a minute.
Senator DeMint sums my feelings on the mater:
This budget shows we can stop the debt crisis, improve our economy, expand freedom, and secure the future for our children and grandchildren.
Our kids don’t deserve to be weighted down with debt that our generation is creating because no one on Capitol Hill has figured out what we mamas know – how to live within our means. We do it every day, and now the Senate Republicans have done it too. Now it would be nice if the Democrats could cooperate in the name of bipartisanship and compromise.
Image via Medill DC/Flickr