Conservatives Begin to Cozy-Up to Connie Mack's 'Penny Plan'
Sunshine State NewsBy Kevin Derby
Posted on Jul 25, 2011
Florida Congressman Connie Mack’s plan to reduce the size and scope of the federal government and balance the budget by 2019 continued to build momentum Friday, as both a U.S. senator and prominent conservative groups backed his One Percent Spending Reduction Act of 2011.
The proposal, which is being sponsored in the U.S. Senate by Republican Mike Enzi of Wyoming, also has the backing of tea party favorite U.S. Sen. Rand Paul, R-Ky., and three of Mack’s Sunshine State Republican colleagues in the House: Jeff Miller, Dennis Ross and Allen West. It would mandate a 1 percent reduction in federal spending from 2012 until 2017, before imposing a spending cap in 2018. That cap would mandate the total cost of the federal government not to exceed 18 percent of the total Gross Domestic Product. Enzi maintains that the proposal, which backers have labeled the Penny Plan, would cut $7.5 trillion from the federal government over the next decade.
On Friday, Enzi’s Republican colleague from Wyoming -- U.S. Sen. John Barrasso -- said he was backing the proposal.
“As more and more senators voice their support of the Penny Plan, it is becoming clear that a core of fiscally conscious conservatives are willing to do what it takes to stop the out-of-control, reckless spending in Washington,” insisted Mack on Friday. “Senator Barrasso knows that we must get serious about our debt crisis, which every day threatens to destabilize our economy even further. When it comes to Washington’s budget woes, voters have repeatedly said ‘enough is enough.’ I am proud that Senator Barrasso has joined us in this fight for a return to fiscal sanity.
“At a time when so many in our nation are hurting financially, the federal government needs to do its part to cut spending,” added Mack. “The Penny Plan is a straightforward answer to our nation’s overspending problem that asks government to eliminate only one penny from every dollar it spends -- a simple solution that all Americans can rally behind.”
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