Has anyone here read Rand Paul's 6 penny plan?

quote:

---

frick Rand Paul!

---

Communists hate fiscal conservatives.

Rand thinks too highly of himself but both the GOP and radical left plans suck.

quote:

---

Here is the bill. Obviously this has a 0% chance of passing because the majority of democrat and republicans elected to Congress and President Trump have no interest in balancing the budget.

---

The commies will say "frick Rand Paul" because he wants to end their freebies and reliance on debt.

There are few fiscal conservatives left on this board. Maybe a handful.

quote:

---

Communists hate fiscal conservatives

---

Fiscal Conservatives hate worthless Libertarian Senators..


Fixed..

AI Overview

Rand Paul's "Six Penny Plan" is a proposal to balance the federal budget in five years by cutting 6 cents from every dollar projected to be spent each year. The plan also aims to prevent tax hikes and reform the budget process to improve fiscal discipline. Due to the growth of national debt, this new six-cent cut is required, whereas earlier versions of his "Penny Plan" required smaller reductions.

Spending cuts: The core of the plan is to cut federal spending by 6% annually for five years.

No new taxes: It explicitly prevents tax increases.

Budget reform: It includes reforms to the budget process, such as making budget spending totals enforceable for 10 years instead of one, and improving scorekeeping to prevent the creation of duplicative programs.

Goal: The ultimate goal is to bring the federal budget into balance within five years.

quote:

---

Fiscal Conservatives hate worthless Libertarian Senators..

---

Youre not a fiscal conservative.

quote:

---

End the Fed

Return to the Gold Standard

Stop using the globalists' imaginary Monopoly money.

---

Is that even possible without causing massive global economic damage and possibly leading to more wars? China would be f**ked if that happened due to all the loans it has made to developing countries. That would lead to China calling in the USA's debt to avoid going bankrupt themselves. The USA would likely tell China to f**k off which leads to war. It is not just China and the USA. The whole global economic system is built on fiat money.

I’ve heard about this before.

Can you or anybody else explain it in simple terms for simple people like me.

I remember something like keeping spending levels the same year over year
And decreasing by 1% year over year

quote:

---

Is it a plausible scheme to balance the budget if the political will was there (which again it is not)?

---

If the political will was there, sure. The short version is that the plan would cut non-mandatory spending by 6% each year, which (going off spending and revenue projections) should balance the budget by the 6th year.