Monday, October 17, 2011

Ron Paul proposes $1T in specific budget cuts ($1 Trillion in annual cuts to Fedzilla)

Ron Paul proposes $1T in specific budget cuts ($1 Trillion in annual cuts to Fedzilla):

Ron Paul’s opinions about cutting the budget are well-known, but on Monday, he got specific: The Texas congressman laid out a budget blueprint for deep and far-reaching cuts to federal spending, including the elimination of five Cabinet-level departments and the drawdown of American troops fighting overseas.

There’s even a symbolic readjustment of the president’s salary to put it in line with the average American salary.

“Our debt is too big, our government is too big, and we have to recognize how serious the problem is,” Paul said during an afternoon speech in Las Vegas ahead of Tuesday’s GOP debate there.

The plan, Paul said, would cut $1 trillion in spending his first year in the White House and create a balanced federal budget by the third year of his presidency.

“All the current candidates and many in Washington, they sort of talk around [the problem],” Paul said. “A lot of people will say, ‘well cutting a trillion dollars in one year is radical.’ Well, I operate under the assumption that the radicals have been in charge for way too long.”

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