Kentucky Senator Rand Paul offered his first balanced budget in 2011.
Now, over a decade later he continues to offer legislation to get Washington’s spending under control.
He recently introduced his “Six Penny Plan” federal budget that will balance within five years.
“Five years ago, we could balance our budget with a freeze in spending without cutting anything. Since then, our debt has skyrocketed to $30 trillion with $2 trillion just from this past year,” said Dr. Paul. “We are now in a situation that a simple penny, two, three, or even a five pennies per-dollar reduction is insufficient to balance our budget. It requires six. We cannot keep ignoring this problem at the expense of taxpayers, and my budget will put our nation on track to solve this crisis that Congress created.”
As Dr. Paul mentioned in his remarks before the vote, “All this plan does is return to 2019 spending levels. If the federal government spent at 2019 levels this year, we would have a $388 billion surplus. This “6 Penny Balanced-Budget” plan is reasonable and obtainable.”
Unfortunately, we see the typical response from the US Senate–29 senators stood with Dr. Paul to get Congress’ spending under control, while 67 senators voted to continue trillion-dollar spending deficits.
Notable Republicans voting against the motion include Minority Leader and fellow Kentuckian, Mitch McConnell and South Carolina Senator Lindsey Graham.
DR. RAND PAUL INTRODUCES ‘THREE PENNY PLAN BALANCED BUDGET’
RAND PAUL REINTRODUCES THE REINS ACT 2021