“Ron Paul Dropping a Reality Bomb on the GOP Field.” NRO’s Kevin Williamson
Presidential candidate Ron Paul has released a fiscal reform plan that would dramatically cut spending and rein in the size and scope of the federal government. My reaction to the proposal can be summed up in one word: hallelujah.
Republican policymakers – including the current GOP field of presidential candidates – talk a good game about reducing spending, but very few are willing to spell out exactly what they’d cut. As NRO’s Kevin Williamson puts it in the title of his write-up on the plan, “Ron Paul Dropping a Reality Bomb on the GOP Field.”
The following are some of the plan’s highlights:
- Paul would immediately eliminate five cabinet-level departments: Commerce, Education, Energy, HUD, and Interior.
- Paul says his plan would cut spending by $1 trillion in the first year alone, and balance the budget in three years without increasing taxes.
- Funding for the wars would end. That’s not isolationism – it’s a common sense position that also reflects popular opinion. In addition, foreign aid spending would be zeroed out.