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Rand Paul's Five-Year Path to a Balanced Budget

hypocritexposer

Well-known member
- Reduces spending by nearly $4 trillion relative to the President's budget
- Achieves a $19 billion surplus in FY2016
- Brings all non-military discretionary spending back to FY2008 levels
- Requires the process of entitlement reform, including Social Security and Medicare, with final implementation by FY2016
- Does not change Social Security or Medicare benefits
- Block-grants Medicaid, SCHIP, foods stamps, and child nutrition
· Provides the President's request for war funding
- Reduces military spending 6 percent in FY2012
· Eliminates four departments:
- Department of Commerce (transfers certain programs)
- Department of Education (preserves Pell grants)
- Department of Housing and Urban Development
- Department of Energy (transfers nuclear research and weapons to Department of Defense)
· Repeals Obamacare

DEFICITS/DEBT:

· Never exceeds $12 trillion in debt held by public
· Creates $2.6 trillion less in deficit spending relative to the President's Budget

REVENUE:

· Extends all the 2001 and 2003 tax relief
· Permanently patches the alternative minimum tax
· Repeals Obamacare taxes

http://reason.com/blog/2011/03/17/rand-pauls-five-year-path-to-a
 
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