Paul Will Eliminate $1 Trillion, Cut Presidential Salary By $360,664

President Ron Paul would drastically cut Federal spending in his first year, according to his “Restore America” plan.

GOP Presidential candidate Ron Paul in a recent email to supporters said that he has been given only 18 minutes, 47 seconds to speak during the past three debates; mainstream ignorance of the candidate may end with his Monday release of a budget plan announcing about $1 trillion in specific Federal budget cuts.

According to The Wall Street Journal, Paul’s plan calls for the massive cuts to be made during his first year in office along with the elimination of five cabinet-level  agencies and the lowering of corporate tax rates from 35 to 15 percent.

The candidate’s “Restore America” plan is focused on drastically reducing government reach to spur American business growth. This will be accomplished in part by repealing Obamacare, last year’s Wall Street regulations law and the Sarbanes-Oxley Act.

Paul also calls for a 10 percent reduction in the Federal workforce which may be achieved by eliminating the Departments of Education, Commerce, Energy, Interior and Housing and Urban Development.  He also calls for a 30 percent budget cut to the Environmental Protection Agency, a 40 percent cut to the Food and Drug Administration, slashed Pentagon funding for foreign wars and completely eliminating spending on foreign aid, according to POLITICO.

The Congressman from Texas also wants to see programs like Medicaid, the Children’s Health Insurance Program, food stamps, family support programs and the children’s nutrition program block-granted to the States and removed from mandatory Federal expenditures. In regard to Social Security, his campaign says that the plan “honors our promise to our seniors and veterans, while allowing young workers to opt out.”

In his plan, Paul also ensures voters that he is not going to make massive Federal budget cuts while living like a fat cat politician. He plans to reduce the Presidential salary from $400,000 yearly to $39,336 a year, which the plan says is “approximately equal to the median personal income of the American worker.”

Personal Liberty

Sam Rolley

Sam Rolley began a career in journalism working for a small town newspaper while seeking a B.A. in English. After covering community news and politics, Rolley took a position at Personal Liberty Media Group where could better hone his focus on his true passions: national politics and liberty issues. In his daily columns and reports, Rolley works to help readers understand which lies are perpetuated by the mainstream media and to stay on top of issues ignored by more conventional media outlets.

Join the Discussion

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.