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Dr. Rand Paul Forces Vote on Six Penny Plan to Balance the Federal Budget in Five Years
U.S. Senate ^ | Sep 25 | Sen. Rand Paul

Posted on 09/29/2024 10:42:08 AM PDT by RandFan

WASHINGTON, D.C. – Today [Sep 25], U.S. Senator Rand Paul (R-KY) forced the Senate to vote on his “Six Penny Plan” federal budget that will balance within five years. Dr. Paul spoke on the Senate floor ahead of the vote, below are excerpts from his remarks.

“This year, the United States will spend over $6 trillion while only bringing in $4 trillion in revenue. That’s a profound gap, $2 trillion will be borrowed this year. To add insult to injury, Congress spends like drunken sailors without even bothering to pass a budget…In fact, over the past 20 years, Congress has passed a budget less than half the time. So, today, I will attempt to do what both parties have failed to do and that is pass a budget…The Penny Plan that I offer today will balance the budget in 5 years.

(Excerpt) Read more at paul.senate.gov ...


TOPICS: Miscellaneous; News/Current Events
KEYWORDS:
Voted down 39-56.

That means some GOPers are really still against this? How can this be? Are they stupid?

1 posted on 09/29/2024 10:42:08 AM PDT by RandFan
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To: RandFan

Their pet projects would have to be defunded.


2 posted on 09/29/2024 10:43:20 AM PDT by Mr. Jeeves ([CTRL]-[GALT]-[DELETE])
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To: RandFan

Auditing the Fed comes to mind. But of course it can’t be audited after it’s terminated.


3 posted on 09/29/2024 10:44:23 AM PDT by reasonisfaith (What are the personal implications if the Resurrection of Christ is a true event in history?)
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To: Mr. Jeeves

Shows what we’re up against although this only used to get a handful of votes in the past so 39 is quite high right now.


4 posted on 09/29/2024 10:44:54 AM PDT by RandFan
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To: RandFan
Reality will shortly calibrate, as Herb Stein's observation holds true.

That the RINOs voted against fiscal sanity shows the corruption within the party. No wonder the rhetoric from the likes of the Cheneys now is as it is, and their endorsement of idiot Harris testifies to that. The game is shortly to be over, here as in the corrupt EU.

5 posted on 09/29/2024 10:49:22 AM PDT by Worldtraveler once upon a time (Degrow government)
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To: RandFan

And how many of those 39 would vote against it if it was close to passing?


6 posted on 09/29/2024 10:51:03 AM PDT by KarlInOhio (7/13/2024:The day the Democrats and their SA chose assassination as their primary political tool.)
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To: RandFan

Further info from Dr. Paul’s press release: “The Six Penny Plan is a federal budget resolution that will balance on-budget outlays and revenues within five years by cutting six pennies off every dollar projected to be spent in the next five fiscal years. . . . In 2017, Dr. Paul introduced a budget that would have only required a spending freeze to balance in five years. An annual six percent cut is now required to achieve the same results. Dr. Paul’s Six Penny Plan implements these cuts while preserving congressional discretion regarding how to achieve these spending targets.”


7 posted on 09/29/2024 10:58:55 AM PDT by Blurb2350 (posted from my 1500-watt blow dryer)
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To: RandFan

“That means some GOPers are really still against this? How can this be? Are they stupid?”

The National Debt is due to the teamwork of both parties, and yes, most Republicans will line their pockets at your expense just like Democrats. They know that the debt will continue to be inflated away and they are piling up enough money that inflation doesn’t hurt them.


8 posted on 09/29/2024 11:08:32 AM PDT by SaxxonWoods (.You will suffer from one: The pain of discipline or the pain of regret. )
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To: RandFan
While I disagree with Rand on a few things, he's one of the true patriots left in our government, and this bill should be a no-brainer for everyone to get on board with.

Instead, this just goes to show how many senators are working against the best interests of the USA, and I'll be go so far to say that they are purposely trying to destroy it.

9 posted on 09/29/2024 11:28:57 AM PDT by ducttape45 (Jeremiah 17:9, "The heart is deceitful above all things, and desperately wicked: who can know it?")
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To: KarlInOhio
And how many of those 39 would vote against it if it was close to passing?

Exactly

10 posted on 09/29/2024 11:29:17 AM PDT by 03A3 (If we can defund the police, we sure as hell can defund the FBI)
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To: RandFan
[That means some GOPers are really still against this? How can this be? Are they stupid?]

How can this be? They're Assistant Democrats ---->>> George W. Bush / Mitt Romney / John McCain "Republicans"




11 posted on 09/29/2024 11:44:04 AM PDT by SaveFerris (Luke 17:28 ... as it was in the Days of Lot; They did Eat, They Drank, They Bought, They Sold ......)
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To: Mr. Jeeves

With double-digit real inflation, a 6% drop would cut more than pet projects. Thirty days before a presidential election is probably not the time to try this.


12 posted on 09/29/2024 12:00:34 PM PDT by 9YearLurker
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To: RandFan

Balanced like California? Um. I might need to see the details.


13 posted on 09/29/2024 12:03:47 PM PDT by momincombatboots (BQEphesians 6... who you are really at war with.)
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To: RandFan

Unfortunately with our current monetary system structure of pure fiat currency, Having an absolute balanced budget would make 1929 look like the greatest economic boom ever to grace this country.

You can NOT slow down or STOP the creation of Credit Money without a whole lot of pain in our system. I don’t think people are ready to go back to 10 cent loaves of bread


14 posted on 09/29/2024 1:46:11 PM PDT by eyeamok
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To: RandFan
From the linked article:

Make no specific policy assumptions. All savings are reflected in the newly defined budget function 930: New Efficiencies, Consolidations, and Other Savings. The budget sets a goal of balance and then calls on Congress to make the changes needed to achieve this objective.

The federal budget is dominated by entitlement spending, and entitlements plus debt service drive the outyear growth. Note that Rand Paul does not call for a six percent cut in Social Security, Medicare, Medicaid, etc. Or in federal pay or pensions. Nope. Congress is going to do a Ross Perot and check under the hood. That'll fix the problem.

15 posted on 09/29/2024 2:56:10 PM PDT by sphinx
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Laws passed in one congress cannot hold prisoner future congresses.


16 posted on 09/29/2024 3:54:42 PM PDT by USCG SimTech
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To: RandFan

“That means some GOPers are really still against this? How can this be? Are they stupid?”

If you’re talking about McConnell and his minions, the answer is “no,” not stupid, but very, very corrupt.


17 posted on 09/29/2024 6:06:37 PM PDT by SharpRightTurn (“Giving money & power to government is like giving whiskey & car keys to teenage boys” P.J. O’Rourke)
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To: SharpRightTurn

18 posted on 09/29/2024 6:11:08 PM PDT by Dick Bachert
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To: eyeamok
Unfortunately with our current monetary system structure of pure fiat currency,

Having an absolute balanced budget would make 1929 look like the greatest economic boom ever to grace this country.

boop boop, yes yes

19 posted on 09/29/2024 6:44:46 PM PDT by onona
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