Campaign for Liberty is supporting Kentucky Senator Rand Paul’s efforts to amend the budget deal. Senator Paul’s amendment would replace the two-year suspension of the debt ceiling with a short-term extension that would be tied to implementation of Senator Paul’s “Penny Plan.”
As the name suggests, the “Penny Plan” cuts two cents from each dollar in the government’s budget. Implementation of this plan would balance the budget, thus putting an end to the constant increase of the debt ceiling and putting the U.S. Government on a track to fiscal sanity.
Senator Paul’s amendment would also tie any future votes on debt ceiling increases to votes on a balanced budget amendment to the Constitution.