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Ron Paul Releases the ONLY Presidential Candidate Balanced Budget Proposal

Posted By admin On October 18, 2011 @ 8:41 am In Featured Stories,Tile | Comments Disabled

New American [1]
October 18, 2011

Representative Ron Paul (R-Texas) unveiled a balanced budget proposal, Plan to Restore America [2], October 17 that would cut nearly $1 trillion — $981 billion — from the President’s budget proposal in the single fiscal year of 2013 and eliminate the annual deficits completely two years later.

No other presidential candidate has revealed a balanced budget in any number of years, including the incumbent President Barack Obama. And no sitting congressman or senator has proposed a budget plan that would balance the budget in less than 30 years other than Congressman Paul’s son, Kentucky Senator Rand Paul (whose proposal [3] would balance the budget within five years).

“A lot of people will say that cutting a trillion dollars in one year, that sounds radical,” the Texas congressman and obstetrician quipped [4] at a press conference announcing the proposal. “But you know, I operate on the assumption that the radicals have been in charge way too long. Both from left and right, we have heard the arguments that deficits don’t really matter. And they really haven’t mattered for a very long time or we wouldn’t have this debt.”

President Barack Obama has proposed [5] “spending cuts” of  $3.1 trillion in recent months, but those cuts would be cuts from expected spending increases in the budget “baseline,” and Obama’s cuts are phased in over 10 years (and mostly on the back end of the 10 years). Paul’s cuts would be in a single budget year and cut real dollar spending [2] by more than $800 billion from fiscal 2012 to fiscal 2013.

  • A d v e r t i s e m e n t

Paul’s program would eliminate the Transportation Security Agency and all foreign aid, abolish five cabinet-level agencies, and freeze most mandatory spending at fiscal 2006 levels. “We get rid of five departments, and that’s a start,” he joked [4] in his October 17 press conference. The Paul proposal would eliminate the Departments of Energy, Housing and Urban Development, Commerce, Interior, and Education, but would transfer some operations — such as Pell Grants and management of national parks — to other cabinet-level agencies. Paul said he would accomplish the cuts without federal employee layoffs, noting that “nobody gets laid off immediately, they get laid off through attrition.”

Full article here [1]

Ron Paul Talks Restore America on CNN/MSNBC

Read the full plan here > [6]

Ron Paul Releases the ONLY Presidential Candidate Balanced Budget Proposal ron paul economic planRon Paul Releases the ONLY Presidential Candidate Balanced Budget Proposal ron paul economic planRon Paul Releases the ONLY Presidential Candidate Balanced Budget Proposal ron paul economic plan

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URLs in this post:

[1] New American: http://www.thenewamerican.com/usnews/politics/9410-ron-paul-releases-the-only-presidential-candidate-balanced-budget-proposal

[2] Plan to Restore America: http://c3244172.r72.cf0.rackcdn.com/wp-content/uploads/2011/10/RestoreAmericaPlan.pdf

[3] proposal: http://senatus.wordpress.com/2011/03/17/rand-paul-offers-five-year-balanced-budget-proposal/

[4] quipped: http://www.youtube.com/watch?v=s-2Zs0-N1dA&feature=player_embedded#!

[5] proposed: http://www.miamiherald.com/2011/09/19/2414672/obama-to-propose-31-trillion-tax.html

[6] Read the full plan here >: http://www.ronpaul2012.com/wp-content/uploads/2011/10/RestoreAmericaPlan.pdf

[7] Obama’s 2014 Budget Proposal: Tax, Spend, Elect — and Borrow: http://www.prisonplanet.com/obamas-2014-budget-proposal-tax-spend-elect-%e2%80%94-and-borrow.html

[8] Rand Paul: A Modest $500 Billion Proposal: http://www.prisonplanet.com/rand-paul-a-modest-500-billion-proposal.html

[9] Libertarian Plan Balances the Federal Budget by 2020 Without Raising Taxes: http://www.prisonplanet.com/libertarian-plan-balances-the-federal-budget-by-2020-without-raising-taxes.html

[10] Boehner Won’t Rule Out ‘Balanced Budget Amendment’ That Permits Unlimited Federal Spending: http://www.prisonplanet.com/boehner-wont-rule-out-balanced-budget-amendment-that-permits-unlimited-federal-spending.html

[11] Ron Paul: Americans should be ‘outraged’ with Obama budget: http://www.prisonplanet.com/ron-paul-americans-should-be-outraged-with-obama-budget.html

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