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Rep. Mack: 'Penny Plan' Gaining Currency

NewsMax
By Hiram Reisner
Posted on Aug 4, 2011

 

Rep. Connie Mack says his plan to cut one penny out of every dollar spent by the federal government works and is quickly gaining GOP support in the House and the Senate. The Florida Republican also told Fox News’ Sean Hannity Wednesday he expects some Democrats to sign on to the legislation.

“Yes, it works,” Mack said. “You know, before we introduced the bill, we make sure that as we went through the bill-writing process, we went and had everybody checked out the numbers. This is a plan that’s simple, as you know — it works — and it solves our problems.”

Mack said support is growing for the One Percent Spending Reduction Act, also known as the “Penny Plan,” in part because it will lead to a balanced budget before the end of the decade.

“It is really simple . . . . for six years, we’re going to cut 1 percent of spending for six years,” he said. “One penny out of every dollar — everybody has had to take more than one penny out of every dollar of their own budget, of their business budget. This isn’t a big lift — and Washington can do it."

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