Washington — Sen. Rand Paul (R., Ky.) unveiled his five-year budget plan on Thursday. Sen. Mike Lee (R., Utah) and Sen. Jim DeMint (R., S.C.) joined Paul at the press conference. Paul’s package axes four federal departments: Commerce, Education, Housing and Urban Development, and Energy. It also repeals Obamacare and requires entitlement form to be implemented by 2016. If enacted, according to Paul’s office, it will reduce federal spending by nearly $4 trillion relative to President Obama’s budget.
March 19, 2011