Monday, October 17, 2011

Highlights of Ron Paul

Some highlights of Paul's plan:

Cuts $902 billion in spending during the first year of a Paul presidency compared to current spending levels, or $981 billion compared to President Obama's budget request

Eliminates five federal departments: Energy, Housing and Urban Development, Commerce, Interior, and Education

Lowers the corporate tax rate to 15 percent

Makes a 10 percent reduction in the federal workforce

Eliminates all U.S. foreign aid

Allows younger citizens to opt out of Social Security

Converts the federal Medicaid program into block-grants distributed to states

Over its first four years, Paul's plan would cut over $4.1 trillion in spending while bringing in $2.9 trillion less revenue, reducing the projected deficit by $783 billion according to the Paul campaign's own comparison to the Congressional Budget Office's baseline projections of current spending levels

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