red states rule
01-28-2011, 07:44 PM
The $500 Billion in cuts Rand Paul is asking for is on the right track. It is a good start, and I hope it happens somehow
Senator Rand Paul is not following the traditional "seen but not heard" stance of a freshman senator. He has introduced legislation to cut $500 billion from the federal budget this year and has announced a separate bill to overhaul Social Security.
Rand Paul's bill to cut $500 billion in discretionary spending would eliminate entire departments and agencies, including Energy, Housing and Urban Development, and Education; and greatly reduce spending for a variety of other agencies, some by as much as 80 percent.
Paul's spending cut bill has little or no prospect of ever becoming law, a fact realized by the Senator. His purpose in introducing the bill is to start a debate over what the proper role of government is, what can be eliminated, and what can be kept. It would also have the effect of making any spending cut that Congress actually passes seem modest by comparison.
According to the Daily Caller, Paul's Social Security bill would deal with the looming collapse of the Social Security Trust Fund, now slated for 2037, according to the Congressional Budget Office, by raising the retirement age for younger workers and means testing Social Security payouts.
Rand Paul certainly cannot be faulted for tackling the greatest source of the deficit crisis that now confronts the United States: entitlement spending, such as Social Security. An attempt by President George W. Bush to reform Social Security fell on deaf ears by congressional Republicans and was attacked by congressional Democrats. President Obama mentioned the possibility of reforming Social Security in passing during his State of the Union Address. But Obama vetoed one favorite means of reforming Social Security -- partial privatization.
Still, with a $1.5 trillion deficit slated to occur during the current fiscal year, something drastic needs to happen. If Paul's proposals are too rich for the blood of his fellow members of Congress, they need to come up with their own serious plans.
http://www.associatedcontent.com/article/7690862/rand_paul_plans_to_slash_500_billion.html
Senator Rand Paul is not following the traditional "seen but not heard" stance of a freshman senator. He has introduced legislation to cut $500 billion from the federal budget this year and has announced a separate bill to overhaul Social Security.
Rand Paul's bill to cut $500 billion in discretionary spending would eliminate entire departments and agencies, including Energy, Housing and Urban Development, and Education; and greatly reduce spending for a variety of other agencies, some by as much as 80 percent.
Paul's spending cut bill has little or no prospect of ever becoming law, a fact realized by the Senator. His purpose in introducing the bill is to start a debate over what the proper role of government is, what can be eliminated, and what can be kept. It would also have the effect of making any spending cut that Congress actually passes seem modest by comparison.
According to the Daily Caller, Paul's Social Security bill would deal with the looming collapse of the Social Security Trust Fund, now slated for 2037, according to the Congressional Budget Office, by raising the retirement age for younger workers and means testing Social Security payouts.
Rand Paul certainly cannot be faulted for tackling the greatest source of the deficit crisis that now confronts the United States: entitlement spending, such as Social Security. An attempt by President George W. Bush to reform Social Security fell on deaf ears by congressional Republicans and was attacked by congressional Democrats. President Obama mentioned the possibility of reforming Social Security in passing during his State of the Union Address. But Obama vetoed one favorite means of reforming Social Security -- partial privatization.
Still, with a $1.5 trillion deficit slated to occur during the current fiscal year, something drastic needs to happen. If Paul's proposals are too rich for the blood of his fellow members of Congress, they need to come up with their own serious plans.
http://www.associatedcontent.com/article/7690862/rand_paul_plans_to_slash_500_billion.html