See here:
http://www.youtube.com/watch?v=DcQEan0wIfY
The link above is Rand Paul talking with Sean Hannity about his support for the Connie Mack Penny Plan (AKA the “One Percent Spending Reduction Act”, current House Bill HR 1848) which is available for a vote in the House.
It does verify what I mentioned to you earlier... that if Congress does not come up with any specially tailored cuts for the overall 1% cut in the base each year, the fail safe kicks in for an across the board blanket 1% cut to every agency. Simple cut across the board (and yes, this does include Medicare and Social Security as well).
Also, Rand Paul’s description of the bill (HR 1848) may help set your mind at ease that these are real cuts to the budget. These are not cuts based on projected growth but on our current budget. In other words, it estimates a growth of 0%, and in fact, doesn’t take any future growth into account what so ever when estimating its cost effectiveness based on today’s baseline budget.
That said, proponents of the bill say it cuts 7.5 Trillion from the federal budget, has a cap federal spending at 18% of the economy, and balances the entire budget in 8 years.*
Hey, I didn’t intend for that, but didn’t I just provide a cut, cap, and balance kind of description in that last paragraph! LOL
*From: http://www.cbn.com/cbnnews/politics/2011/July/Rep-Mack-Penny-Plan-Could-Save-Trillions/?Print=true
Also found this.
The 46 House co-sponsors of the Mack Penny Plan (HR 1848)
http://thomas.loc.gov/cgi-bin/bdquery/z?d112:HR01848:@@@P
Thanks for the info. It is the best plan going at this point, since Harry won’t let the Senate vote on CCB.