Paul Proposes Major Cuts

Today on NBC's Meet the Press reiterated  his statement that is reproduced below. Although we disagree with the candidate on some of his isolation-ship ideas, his fiscal ideas are the tough medicine that the country needs if we are not going to become another Greece.

For all the anger against S&P by politicians and media commentaries, it appears as if the other major rating agencies (Moody's and Fitch) are ready to join in downgrading the creditworthiness of the country.  Is anyone in the Administration or in Congress listening?  Or is their tin ear ignoring the warning bells?

It will take drastic cuts of the type Representative Paul is proposing if we are to right the ship of state. The changes will be short term painful, however, if we don't, the result will be unimaginable. If you want to know what it might look like, imagine the worst condition and multiply it by ten times.

So if we are to do the right thing, major changes in government agencies and programs must be made. Will we demand that of our leadership or will we await the inevitable? It is your decision.

Here is the article:

Paul Will Eliminate $1 Trillion, Cut Presidential Salary By $360,664

October 18, 2011 by Sam Rolley 

UPI.COM

President Ron Paul would drastically cut Federal spending in his first year, according to his “Restore America” plan.

GOP Presidential candidate Ron Paul in a recent email to supporters said that he has been given only 18 minutes, 47 seconds to speak during the past three debates; mainstream ignorance of the candidate may end with his Monday release of a budget plan announcing about $1 trillion in specific Federal budget cuts.

According to The Wall Street Journal, Paul’s plan calls for the massive cuts to be made during his first year in office along with the elimination of five cabinet-level  agencies and the lowering of corporate tax rates from 35 to 15 percent.

The candidate’s “Restore America” plan is focused on drastically reducing government reach to spur American business growth. This will be accomplished in part by repealing Obamacare, last year’s Wall Street regulations law and the Sarbanes-Oxley Act.

Paul also calls for a 10 percent reduction in the Federal workforce which may be achieved by eliminating the Departments of Education, Commerce, Energy, Interior and Housing and Urban Development.  He also calls for a 30 percent budget cut to the Environmental Protection Agency, a 40 percent cut to the Food and Drug Administration, slashed Pentagon funding for foreign wars and completely eliminating spending on foreign aid, according to POLITICO.

The Congressman from Texas also wants to see programs like Medicaid, the Children’s Health Insurance Program, food stamps, family support programs and the children’s nutrition program block-granted to the States and removed from mandatory Federal expenditures. In regard to Social Security, his campaign says that the plan “honors our promise to our seniors and veterans, while allowing young workers to opt out.”

In his plan, Paul also ensures voters that he is not going to make massive Federal budget cuts while living like a fat cat politician. He plans to reduce the Presidential salary from $400,000 yearly to $39,336 a year, which the plan says is “approximately equal to the median personal income of the American worker.”