The Rand Paul “penny plan” refers to a proposal by Senator Rand Paul aimed at reducing the U.S. federal budget deficit. The plan advocates for cutting one penny from every dollar of federal spending. In other words, it suggests reducing federal spending by 1% each year. The goal is to gradually decrease the size of the federal government and balance the budget over time without raising taxes.
The “penny” concept is symbolic, highlighting a small but consistent reduction in spending that could add up significantly over the years. The idea is to implement these cuts in a way that wouldn’t severely disrupt essential services, though critics argue that even small cuts could have negative impacts on certain programs.
See my previous post. He introduces it every year. the Penny Plan or an updated version (more like six pennies now)
It’s lucky to get 20 votes