Not only is Senator Rand Paul (R., Ky.) calling out the Obama administration’s “dishonest” doom-mongering on the sequester, he also put forward his own plan, released today, to replace the impending cuts with alternative savings, and to do so “without layoffs,” according to a release from the senator’s office.
Paul’s bill would reduce federal spending by more than $85 billion annually by directing the government to:
Stop Hiring New Federal Employees ($6.5 billion per year)
More than 60,000 people left the federal workforce in 2011. This provision would end the practice of hiring new employees to replace them.
Bring Federal-Employee Pay in Line with Private Jobs ($32 billion per year)
The Congressional Budget Office estimates that federal-employee compensation is 16 percent higher compared with the private sector. This provision would reduce federal salaries to a more commensurate level.