Posted on 03/25/2013 11:23:17 AM PDT by SeekAndFind
Sen. Rand Paul (R-Ky.) today introduced a budget he says will balance the budget in five years with $2.3 trillion in tax cuts.
Paul’s “Platform to Revitalize America” brings spending below the historical average of 19.1 percent of GDP in the first year and spends $9.6 trillion less over the next 10 years based on the current Congressional Budget Office baseline. It achieves a $17 billion surplus in FY2018 and reforms entitlement programs — Medicare recipients, for example, would receive the same healthcare plan as members of Congress.
It replenishes $126 billion to the Defense Department stripped in sequestration and puts an annual cap on foreign aid at $5 billion. The plan also repeals ObamaCare and Dodd Frank.
Paul’s budget kills four government agencies: the departments of Commerce, Education, Housing and Urban Development, and Energy. It also privatizes the Transportation Security Administration.
“Washington has a serious and reckless spending problem that must be re-evaluated. American families across the country are required to live by a budget and Congress should be no different – every taxpayer dollar needs to be spent more wisely. Therefore, I am offering a plan that will address this country’s looming debt crisis in a truly timely manner – balancing the budget in just five years,” Paul said. “The time has come for a change that will restore fiscal order in this country, and I will do everything in my power to ensure that this happens.”
His budget includes a flat tax and lifts barriers to domestic energy exploration and production.
UPDATE: Late this evening the Senate voted on Paul’s budget as an amendment to the continuing resolution. It failed 18-81.
(Excerpt) Read more at pjmedia.com ...
Believe me I understand better than most the DOE’s involvement with the military, but my point is that a civilian agency’s involvement was a political decision by the Eisenhower administration. There is no reason that any of those military related roles could not be reassigned to DoD.
...Except that in some cases it is easier to secure funding for something when you are not already defending a 700 billion dollar budget.
No prebate is necessary if no tax is collected on the basics.
The tax could be collected at point of sale, and even the "underground economy" would pay up on items legally purchased.
Move the other departments out of DC. Scatter them.
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