Posted on 12/31/2012 3:56:08 PM PST by SeekAndFind
Happy New Year!
God Bless us!
“There is no way to solve our nation’s fiscal problem without cutting spending, period.”
And no elected official of either party has a serious proposal to do that.
RE: And no elected official of either party has a serious proposal to do that.
Congressman Connie Mack ( who did not win his Senate election in Florida ), has a serious proposal which was not even been given any airtime by the lame stream media.
It’s called the PENNY PLAN.
See here:
http://www.conniemack.com/issues/penny-plan/
PROBLEM:
For every $2 Washington collects it spends $3 by borrowing the rest. It’s this kind of out-of-control spending that has created the largest debt in our nation’s history, and it’s this kind of irresponsible management that has led to the downgrade of America’s credit rating.
The Mack Penny Plan would balance the federal budget in eight years by cutting one penny out of every federal dollar spent for six years and capping spending at 18% of GDP beginning in the seventh year. If Congress fails to make the necessary cuts, the plan triggers automatic, across-the-board cuts to meet the yearly caps.
All told, The Mack Penny Plan would save taxpayers $7.5 trillion over the next decade, and ensure our children inherit America’s promise of freedom, security and prosperity.
The Mack Penny Plan is co-sponsored by 70 Members of Congress, 11 U.S. Senators, and supported by leading conservative groups such as Freedom Works and the National Taxpayer Union.
IN THE SENATE, RAND PAUL HELPED DESIGN THE PLAN.
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