Pages

October 17, 2011

Ron Paul publicizes a plan to reduce federal budget by $1 trillion in 2013 and balance the budget by 2015

Ron Paul has an 11 page budget plan to balance the US federal budget within 3 years.

Ron Paul's plan is to cut $1 trillion from the federal budget in the first year of his administration.

Ron Paul would eliminate five Cabinet-level agencies: Commerce, Education, Energy, Housing and Urban Development and Interior. He would also end the Transportation Security Administration and zero-out all foreign aid. He would pare back most other programs to 2006 spending levels (pre-financial crisis).





* Corporations would see tax rates drop to 15 percent from 35 percent.
* The Bush-era tax cuts would all be extended.
* Estate taxes would be abolished, as would taxes on personal savings.
* He wouldn't end Social Security, but he would let young people opt out of the retirement program.
* Ron Paul would allow $1 trillion sitting in corporate bank accounts overseas to be repatriated tax-free.

Regulation

Repeals ObamaCare, Dodd-Frank, and Sarbanes-Oxley. Mandates REINS-style requirements for thorough congressional review and authorization before implementing any new regulations issued by bureaucrats. President Paul will also cancel all onerous regulations previously issued by Executive Order.

Monetary Policy

Conducts a full audit of the Federal Reserve and implements competing currency legislation to strengthen the dollar and stabilize inflation.

Ron Paul plans to immediately recall all troops from all wars

Journalism.org - 48% of the blogging conversation about Ron Paul was positive compared with only 15% negative and 38% neutral.

If you liked this article, please give it a quick review on ycombinator or StumbleUpon. Thanks
blog comments powered by Disqus