Rand Paul’s “Six Penny Plan” to Balance the Federal Budget in Five Years

Rand Paul’s “Six Penny Plan” to Balance the Federal Budget in Five Years

US Senator Rand Paul of Kentucky has introduced a federal spending restraint bill, called the “Six Penny Plan” that may actually work.

Rand Paul's "Six Penny Plan" to balance the federal budget in five years

US Senator Rand Paul of Kentucky has introduced a federal spending restraint bill, called the "Six Penny Plan" that may actually work. The basic concept is simple. Each year for the next five years Congress would reduce the federal budget by six percent from the previous year's budget. In five years the annual budget would be in balance, and the total federal debt will be on a path to being paid off. How the "Rand Plan" is Different One may ask …