(From The Daily Caller)
Republican Kentucky Sen. Rand Paul announced on Wednesday that he plans to introduce a bill that would balance the budget within five years.
The chairman of the Federal Spending Oversight and Emergency Management Subcommittee for the Homeland Security and Governmental Affairs Committee, says the bill will cut spending across the board while implementing entitlement and welfare reform.
Paul, who has consistently supported tax cuts as well as spending cuts, says his bill will “bring our fiscal house in order.”
Noting that Congress passed a budget last year that failed to balance and added “hundreds of billions of dollars” to the debt, the recent spending bill is “even worse.”