Ron Paul's Budget Proposal

This is a breath of fresh air, and it illustrates why Ron Paul is the man we need to be our next President.

Look, the Democrats want to keep spending more and more. The Republicans talk about dramatic spending cuts, but their idea is $3 or $4 trillion OVER TEN YEARS... with the majority of the spending cuts coming near the end of the 10-year projection.

I have ridiculed the GOP proposals in the past, because they'll never happen. Future Congresses have complete control over future budgets, and cuts planned for future years will never happen. I have said numerous times that, since we have a $1.5 trillion deficit, what we need is $1.5 trillion in spending cuts... this year.

Well finally, somebody running for President gets it. Presidential candidate Ron Paul yesterday released a budget incorporating $1 trillion in spending cuts in a single year, and that would bring us to a balanced budget in THREE YEARS. Here's a chart showing spending using this budget as compared to current estimates.



Now THAT'S more like what we need. Want details? Read on...


You can find the complete details of his plan here:
http://c3244172.r72.cf0.rackcdn.com/wp-content/uploads/2011/10/RestoreAmericaPlan.pdf

But here are some highlights:

Cuts $1 trillion in spending during the #rst year of Ron Paul’s presidency, eliminating #ve cabinet departments (Energy, HUD, Commerce, Interior, and Education), abolishing the Transportation Security Administration and returning responsibility for security to private property owners, abolishing corporate subsidies, stopping foreign aid, ending foreign wars, and returning most other spending to 2006 levels.

Makes a 10% reduction in the federal workforce, slashes Congressional pay and perks, and curbs excessive federal travel. To stand with the American People, President Paul will take a salary of $39,336, approximately equal to the median personal income of the American worker.

Lowers the corporate tax rate to 15%, making America competitive in the global market. Allows American companies to repatriate capital without additional taxation, spurring trillions in new investment. Extends all Bush tax cuts. Abolishes the Death Tax. Ends taxes on personal savings, allowing families to build a nest egg.

Repeals ObamaCare, Dodd-Frank, and Sarbanes-Oxley. Mandates REINS-style requirements for thorough congressional review and authorization before implementing any new regulations issued by bureaucrats. President Paul will also cancel all onerous regulations previously issued by Executive Order.

There are more details, and I urge you to read the plan yourself.

In my opinion, Presidential candidate Ron Paul is the ONLY candidate to propose a realistic level of spending cuts. Romney recently revealed about $2 trillion in NEW SPENDING he wants to do... so you be the judge.

UPDATE: Here's a link showing some details on the Romney's $2 trillion in new spending he wants to institute. How will this reduce the deficit and reduce spending?
http://www.cato.org/pub_display.php?pub_id=13768