Libertarian ideas of smaller government, cutting domestic spending and a balanced budget not only run in the Paul family, but are starting to take a hold with mainstream Republicans as well.
Just ten years ago, the budget and domestic spending would not have been as high of a priority to many within the party other than Senator Rand Paul’s (R-Ky) father, Rep.Ron Paul (R-Texas).
When the younger Paul proposed his latest take on the FY 2013 United States Budget, it was seen as the “most radical” of today’s four proposed Republican budgets by many on the left. But it was also seen as a refreshing change by many on the right.
Most surprising about the Paul Budget is not that it made it to a vote at all, but that 16 of the Senate’s 47 Republicans voted for a budget that was supposedly too radical.
Today’s vote got a ‘yea’ from Senator Jim DeMint (R-SC), Senator Orrin Hatch (R-Utah), Senator Mitch McConnell (R-KY) and Senator John Thune (R-SD) just to name a few.
The Paul budget most notably called for the elimination of the Departments of Education, Energy, Commerce and Housing and Urban Development (HUD), which is seen as a large step by mainstream conservatives in getting the nation’s finances back on track.
According to the American Spectator, the Paul budget will also reduce federal spending by $11 trillion relative to President Obama’s budget, reduces discretionary spending to 2008 levels, and reduces foreign aid at $5 billion per year.
Theoretically, the Paul budget will not only balance the federal deficit in five years, but it would actually achieve a $111 billion surplus by 2017. If that wasn’t juicy enough for most conservatives, the Paul Budget would also repeal Obamacare, Dodd-Frank and the Davis-Bacon prevailing wage requirements.
Super committee defense spending sequesters would also be ended, and the Federal government would also be required to end ownership of any failed private sector companies and stop bailing out corporations.
Despite the spending cuts that will be seen as ‘hefty’ by those on the left, the Paul budget sets out to prove that many items can be cut without touching entitlements. A separate bill addressing Medicare has yet to be drafted.
None of the senators were available for comment.