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 ...
That means some GOPers are really still against this? How can this be? Are they stupid?
Their pet projects would have to be defunded.
Auditing the Fed comes to mind. But of course it can’t be audited after it’s terminated.
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.
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.
And how many of those 39 would vote against it if it was close to passing?
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.”
“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.
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.
Exactly
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.
Balanced like California? Um. I might need to see the details.
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
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.
Laws passed in one congress cannot hold prisoner future congresses.
“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.
Having an absolute balanced budget would make 1929 look like the greatest economic boom ever to grace this country.
boop boop, yes yes
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