Brain Top Off!

Ron Paul: Cut Cabinet in addition to President’s Salary

Republican presidential candidate Ron Paul on Monday unveiled a radical

modern economic plan that would cut $1 trillion by the federal accounts within a year, eliminate five cabinet-level departments — and even slash the president’s salary.

Paul maintains that his plan will create a balanced federal

accounts by third year of his presidency.

The Texas congressman “is the only candidate

along with a plan to cut spending as well as essentially balance the money,” according to an executive summary of the plan. “This is the only plan that will deliver what America demands in these tricky times: Chief regulatory relief, huge spending cuts, sound monetary policy, in addition to a balanced accounts.”

Paul would eliminate the Departments of Education, Commerce, Energy, Interior,

plus Housing in addition to Urban Development. But some functions of the eliminated departments would be continued elsewhere over the federal bureaucracy.

His plan would cut spending

by Environmental Protection Agency with the 30 percent, slash 40 percent by the Food plus Drug Administration’s money, as well as immediately freeze spending by numerous agencies at 2006 levels, the last time Republicans had complete control of the accounts.

Paul would also “take an ax to Pentagon funding for wars,”

in addition to foreign aid would be “zeroed out immediately,” Politico reports.

Among other provisions of Paul’s plan:

Medicaid, food stamps, family support programs,

and the children’s nutrition program are block-granted to the states.

Congressional pay

plus perks are slashed, and the president’s salary is reduced to $39,336 a year, which Paul maintains is about equal to the median personal return of the American worker. The president currently earns $400,000.

The federal workforce is reduced

from the 10 percent.

Young

gain tax rate is cut from 35 percent to 15 percent.

All taxes on capital gains

as well as dividends are eliminated, with the estate tax, plus the Bush-era tax cuts are extended.

Obamacare is repealed,

with the Dodd-Frank financial regulatory reform law.

Paul also

requires an audit of the Federal Reserve, in addition to legislation to strengthen the dollar.

Jesse Benton, Paul’s campaign chairman

as well as a co-author of the plan, said in a statement: “It’s the only plan offered by a presidential candidate that really balances the money plus begins to pay down the debt.”

http://www.vacationtravel.eu/Recreation/Outdoors/Fishing/Guides_and_Charters/Europe/Portugal/
http://www.vacationtravel.eu/Recreation/Outdoors/Fishing/Guides_and_Charters/Europe/Italy/
http://www.vacationtravel.eu/Recreation/Outdoors/Fishing/Guides_and_Charters/Europe/Slovenia/
workers are allowed to opt out of Social Security.

The top corporate

Post a Comment