Dr. Rand Paul Introduces Six Penny Plan to Balance the Federal Budget in Five Years - The Iowa Standard

Dr. Rand Paul Introduces Six Penny Plan to Balance the Federal Budget in Five Years - The Iowa Standard

U.S. Senator Rand Paul (R-KY) has introduced the Six Penny Plan, a federal budget resolution that will balance on-budget outlays and revenues within five years by cutting six cents off every dollar projected to be spent over the next five fiscal years. During the current fiscal year, the federal government overspent and added $2.1 trillion to the gross national debt; an increase of $16,117 for every U.S. household. The federal government’s overs…