Paul Amendment Would Cut $200 Billion

An amendment offered by Senator Rand Paul (R-KY) would “achieve savings of $200 billion in fiscal 2011 by reducing most discretionary spending to FY2008 levels, adding deeper cuts in some agencies and no cuts in others,” according to a press release from his office.

This measure, known as the Cut Federal Spending Act, is being offered as an amendment to the SBIR and STTR Reauthorization Act (S. 493) currently being debated by the Senate.

The legislation returns nearly all discretionary spending to FY2008 levels, cuts military spending by 5 percent (for a total of $30 billion) and does not impact war funding. Entitlements and veterans’ benefits will be left at current spending levels. In addition, it reduces funding by 50 percent to the Departments of Energy, Education, and Housing and Urban Development, and eliminates certain independent agencies.

1 Comment

Filed under Budget, Small Business

One response to “Paul Amendment Would Cut $200 Billion

  1. Jeff Girton

    The information I have says that this bill would cut $500 BILLION. That sounds great, but this is too much too fast. For instance this would cut the Dept of Ed by 87%.

    Rand Paul asserts that it is the responsibility of parents to educate. In his home state of Kentucky 25% of adults do not have a High School Diploma. 83% of Kentucky families do not have a college degree. If this cut happens & Paul’s policy of parental responsibility for education will only hurt the people of his state.

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