I have never been a fan of Ron Paul, to say the least, but I am rapidly becoming a fan of his son.
This year the federal budget deficit will be an estimated one and a half trillion dollars and that is probably on the low side.
Senator Rand Paul of Kentucky voted against both proposals because he believes that neither are serious attempts to come to grips with the sea of red ink which is threatening to destroy this nation’s future prosperity. He is absolutely correct.
He has proposed 500 billion dollar cuts. This would be a serious start, but would still leave a deficit this year of a trillion dollars. Here, hattip to David Fredosso at the Washington Examiner, are the details of his plan: Continue reading
Hattip to Instapundit. John Steele Gordon has a first rate article here detailing how we landed in the debt morass our nation is now bogged down in. His last sentence is a completely accurate assessment of our options: ” Only necessity will force Congress to control long-term spending on its own. And unless the body politic forces the needed changes, that necessity in the form of overwhelming debt is inescapable.”