Sen. Paul Introduces $500 Billion in Spending Cuts
WASHINGTON, D.C. - In the face of an ever-expanding national debt, newly elected Senator Rand Paul is taking a bold and proactive step in protecting our national security and lowering our deficit. By introducing $500 billion in spending cuts today - to be enacted over one year - Sen. Paul is starting an important conversation with his Senate colleagues about how to fix our nation's current economic situation.
"I am proud to introduce my own solution to the mounting debt our spendthrift, oversized government has accrued. By rolling back to 2008 levels and eliminating the most wasteful programs, we can still keep 85 percent of our government funding in place," Sen. Paul said today.
"By removing programs that are beyond the constitutional role of the federal government, such as education and housing, we are cutting nearly 40 percent of our projected deficit and removing the big-government bureaucrats who stand in the way of efficiency in our federal government," he continued.