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The budget could be balanced by cutting just six pennies from every dollar the government spends. It used to require even less. Rand Paul's Plans To Balance the Budget Are a Useful Illustration of ...
Sen. Rand Paul (R–Ky.) ... Government doesn't need to balance the budget. If it just slowed spending growth, the private economy might grow enough to reduce our debt.
Meanwhile, Paul shrugged off another criticism of DOGE's efforts so far: that trimming a few billion from the federal budget is insignificant in the face of a nearly $7 trillion federal budget.
Paul supports a balanced budget amendment to the U.S. constitution which would require Congress to balance the budget annually. [381] He has introduced legislation called the Penny Plan which would reduce federal spending by 1% each year, seeking to balance the budget in 5 years. [ 382 ]
Paul is a libertarian conservative on economic issues, and believes the federal government should be limited, taxes should be low, spending and foreign aid should be cut, and the U.S. federal budget should be balanced. Paul has sought to reduce the funds lent by the Export-Import Bank of the United States to countries
The proposed Cut, Cap and Balance Act of 2011 was a bill put forward in the 112th United States Congress by Republicans during the 2011 U.S. debt ceiling crisis.The provisions of the bill included a cut in the total amount of federal government spending, a cap on the level of future spending as a percentage of GDP, and, on the condition that Congress pass certain changes to the U.S ...
Sen. Rand Paul of Kentucky told reporters that he's "all for it after they balance the budget." Sen. Ted Cruz of Texas told Business Insider he'd "want to see the details" of the plan.
Paul Ryan was the Vice-Presidential candidate in 2012 and co-authored the proposed budget deal. He said that he was "proud" of the agreement because "it reduces the deficit - without raising taxes." [7] Senators Rand Paul and Marco Rubio, considered likely Republicans candidates for President in 2016, were both against the deal. [19]