I’ll have more detailed analysis later, but Rand Paul’s five-year balanced budget plan is in many respects a continuation of his $500 billion spending cuts package. The Kentucky senator would:
The plan doesn’t touch Social Security or Medicare benefits, though it does call for their reform by fiscal 2016. Most spending is rolled back to 2008 levels and a surplus of $19 billion is supposed to be realized at the end of the five-year window.
