Rand Paul offers Tea Party alternative to GOP’s ten-year budget plan

Rand Paul offers Tea Party alternative to GOP’s ten-year budget plan

Today, Representative Paul Ryan (R-WI) will be unveiling the establishment GOP’s ten-year plan to make $4 trillion in spending cuts. Critics are already calling the proposal “radical,” but Senator Rand Paul (R-KY) said last month that the Republicans’ ten-year budget plan will actually do very little to meaningfully address the out-of-control spending in Washington. The Tea Party Senator from Kentucky says that the people he talks with across the country find current spending levels radical, and that they believe most attempts by either party to address the nation’s dire fiscal crisis are half-hearted, timid, and unserious.

Paul Ryan’s proposal would reduce projected spending by $4 trillion over the next ten years, mostly through a combination of tax changes that Ryan says would help grow the economy and a major overhaul of two of America’s largest entitlement programs, Medicare and Medicaid. While that may seem like a lot, remember that it will be spread out over ten years, reducing annual spending by a relatively modest $400 billion, which is only a fourth of the current annual budget deficit of $1.6 trillion. If Ryan’s proposal is radical, it is because it would still add trillions to the national debt over the next ten years, a spending projection that I would posit is radically unsustainable and dangerous to America’s economic future.

Rand Paul made this point on the floor of the U.S. Senate last month, saying:

http://caivn.org/article/2011/04/05/rand-paul-offers-tea-party-alternative-gops-ten-year-budget-plan

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