Ron Paul’s Big Announcement: Big Cuts to Big Government

America’s favorite libertarian Texas congressman is proposing nearly $4 trillion in cuts and a fully balanced budget during his first term as president.

Ron Paul addresses supporters and press at The Venetian

In what was hyped as a “major announcement”, Ron Paul today introduced a plan to slash the national deficit and abolish entire departments of the federal government. The thrust of the proposal is what Paul describes as “constitutionally-limited, smaller-government”.

Some highlights of Paul’s “Plan to Restore America“:

  • Cuts $902 billion in spending during the first year of the Paul presidency (compared to current spending levels)
  • Eliminates five federal departments:  Education, Energy, Housing and Urban Development, Commerce, Interior
  • Lowers the corporate tax rate to 15 percent
  • Makes a 10 percent reduction in the federal workforce
  • Eliminates all U.S. foreign aid
  • Allows younger citizens to opt out of Social Security
  • Converts the federal Medicaid program and other social programs into block-grants distributed to states

“A lot of people will say, ‘Cutting a trillion dollars in one year? That sounds radical,’” Paul said to a crowd of approximately 240 (plus staffers) at The Venetian resort in Las Vegas. “I operate on the assumption that the radicals have been in charge way too long.”

Paul emphasized that his plan does not cut from veterans’ programs and defense. As in previous appearances, he drew distinctions between military spending on foreign wars and “true” defense spending to protect the U.S. homeland from attacks.

“The other candidates have not offered this,” Paul said of his plan. “I don’t believe they think it’s very serious. They think they can just tinker around the edges, but the American people are ready for some honest thinking and some honest reforms.”

When asked how he can win the hearts and minds of neo-conservatives and defense hawks who believe America’s present foreign military operations are worthy, Paul quipped, “Being a conservative used to mean not spending money.”

Paul went on to explain that he thinks there has been “a change” in the American outlook on the effort in Afghanistan and elsewhere due to the approximately four billion spent on foreign wars in the past decade.

 

 

  • http://pulse.yahoo.com/_QL6VLWPUOGJGXFQIYKFVEKFSNI Mr. W

    Does anyone have a better idea?  The problem I have with “9-9-9″ is that it doesn’t address the out of control spending.  It appears to maintain it.