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Establish a Spending Reduction Commission
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he should check out hr-5652, the replacement act. we can look at the h.r. 6684, spending reduction act of 2012, sponsored by the majority leader cantor, a republican. filled to the brim with cracker jack republican ideas. someone hasn t given us a proposal is president obama. he has given us vague ideas but no proposal. the president said the tiny spending cuts will have a strong effect on unemployment and the economic growth. how about $600 billion in tax increases he demanded in the fiscal cliff and passed? that will have a much bigger impact harmfully on the economy than the spending cu cuts. bret: juan, one more thing. $85 billion is the total cost.
sean: now, that the senate has tabled speaker boehner s debt bill attention is turning to other legislation. one that is gaining momentum is called the 1% spending reduction act. also known as the mack penny plan. plans to balance the federal budget in 8 years through three simple steps. cutting spending by 1% every year for the next six years. capping spending by 20% of gdp in 2018 and reducing overall spending by $7.5 trillion over ten years. it was introduced by wyoming senator a few weeks guy. it is already enjoying the support of at least 43 cosponsors in the house a handful of senators including rand paul who insists this is the only plan currently on the table proprosing real cuts.
astrazeneca may be able to help. sean: now, that the senate has tabled speaker boehner s debt bill attention is turning to other legislation. one that is gaining momentum is called the 1% spending reduction act. also known as the mack penny plan. plans to balance the federal budget in 8 years through three simple steps. cutting spending by 1% every year for the next six years. capping spending by 20% of gdp in 2018 and reducing overall spending by $7.5 trillion over ten years. it was introduced by wyoming senator a few weeks guy. it is already enjoying the support of at least 43 cosponsors in the house a handful of senators including rand paul who insists this is the only plan currently on the table proprosing real cuts.
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