Dr. Rand Paul Introduces ‘Three Penny Plan Balanced Budget’ - February 4, 2021
Sen. Rand Paul’s three-penny plan would balance budget in five years after debt grew $4.4 trillion in 2020
Sen. Rand Paul (R-Ky.) is offering an alternative budget plan that would cut three cents out of every federal dollar spent every year for five years, bringing the budget into balance by 2026, at a time when the U.S. added more than $4.4 trillion to the national debt in 2020 alone to $27.8 trillion.
Overall, the plan would cut spending by $67.4 billion in 2022, and over 10 years would cut $7.2 trillion. In a summary provided by Sen. Paul’s office it notes that the longer Congress waits to address the fiscal state of the nation, the worse it will get.
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More: https://dailytorch.com/2021/02/sen-r...llion-in-2020/
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