Reality Check: Ron Paul's Budget Plan - wave3.com-Louisville News, Weather & Sports

Reality Check: Ron Paul's Budget Plan

(FOX19) - Last week's Reality Check took a close look at Republican presidential candidate Herman Cain's 9-9-9 plan.

Tonight, we are taking a look at Ron Paul's newly released federal budget.  How much does Paul want to cut?

The plan is radical, but according to Paul, it could balance the federal budget by 2015.

Here is what is being proposed.

Ron Paul is prosing eliminating the departments of Energy, HUD, Commerce, Interior, and Education.

He also wants to abolish the Transportation Security Administration and returning responsibility for security to private property owners.

Paul's plan would also reign in spending both domestically and abroad.

To do that the plan calls for, abolishing corporate subsidies, stopping foreign aid, and returning most other spending to 2006 levels.

In addition, Paul has said that he wants to cut 15 percent from military spending but he says, don't get that confused with cutting national defense.

"I don't cut anything from defense.  I cut military. There's a big difference.  Defending this country is one thing."  said Rep. Paul to CNN's Wolf Blitzer.

When Blitzer asked Paul to explain the difference, Paul responded, "Militarism is buying weapons to subsidize the military industrial complex to build weapons we don't need. Why do we need 7,000 drones dropping bombs in any spec of the Earth in order to defend this country?" 

What about domestic spending?  Paul says he would keep Social Security in place right now for older Americans but for younger Americans he would allow them to opt out.

Another big deal, cutting the pay of lawmakers.

The plan would reduce the federal workforce by 10%,

It would slash Congressional pay and perks and curb what he calls excessive federal travel.

Finally, to put his money where his mouth is, Rep. Paul would not take the $400-thousand dollar salary, $100,000 dollars in non-taxable travel expenses and $50,000 expense account  the office of the President currently takes.

Instead President Paul would take a salary of $39,336, approximately equal to the median personal income of the American worker

Here's what you need to know.

Regardless of how you feel about Rep. Paul's plan, this is the only full budget plan proposed thus far that proposes balancing the budget with actual cuts.  Not, using fuzzy math with "cuts" in defense spending that wasn't going to be spent.

The bottom line, regardless of whether Ron Paul is able to get the Republican nomination, he may be able to force politicians to deal with real numbers, real programs and real deficits.

And that is Reality Check.

Copyright 2011 FOX19. All Rights Reserved.

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