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A simpler solution?

A simpler solution?

With the August 2 deadline quickly approaching, there’s been a lot of talk about the debt plans bouncing around Congress – Paul Ryan’s plan; Cut, Cap, and Balance; McConnell’s divisive plan; Obama’s largely nonexistent $4 trillion idea, etc. But there’s another solution out there: the One Cent Solution.

Started as a grassroots initiative in February, now with bills in both the House and Senate cosponsored by Tea Party favorites such as Sen. Rand Paul and Reps. Allen West and Kristi Noem, the One Cent Solution is refreshingly simple.

If the government cuts one cent out of every dollar of its total spending each year for six years, we can:

  • Balance the budget by 2019.
  • Reduce federal spending by $7.5 trillion over 10 years.
  • Reduce the debt $3.4 trillion over 10 years.

The One Cent Solution envisions that while all areas of federal spending should be considered, some programs may be too critical to cut deeply. In that case, other programs must be reduced more so that the total amount cut is equal to one cent for every dollar each year for six years.

While this doesn’t address the debt ceiling issue entitlement reform, it does balance the budget faster and more efficiently than any other plan and allows some measure of flexibility in spending cuts… Oh yeah, and it holds our elected officials accountable to do what we’ve elected them to do. Some say it’s too simple, but I like it. It’s clean, effective, and – I think – the most promising spending reduction plan out there. (So much so that I’ve signed up to help spread the word and recruit petition signers. If you do sign, make sure to put my name in the Community Captain field!)

Check out the website and see how it compares to other plans. What do y’all think?


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DINORightMarie | July 20, 2011 at 8:23 am

Is the quote you cite from the linked website? It is not flagged or linked to make this clear……

Anything that Allen West supports is a good plan, IMHO. I don’t know enough about it yet, but that alone makes me want to say – YES, I support this plan!

(Also, thank you for using the proper contraction for ‘you all’ – y’all is often butchered when used in blogs.)

Yeah, I’m a bit of a grammar freak. 😉

We can arrive at a much better place if we start eliminating entire programs. Start with RombamaCare. Keep going with No Child Left Behind. Keep going with the Medicare drug entitlement. NPR, Department of Education, Agriculture Department. Homeland Security, and many others.

Then we can properly fund those programs that we really want/need. Shared sacrifice is a dumb idea. Let’s “right size” the system so that it works well. We can’t afford big government but we can afford efficient government at some level. Let’s work on arriving at THAT level.

The House of Representative went with Cut, Cap and Balance.
That’s the GOP horse in the race right now.

Heritage Action

Heritage Action

Daniel Mitchell, Senior Fellow, CATO

The website CLAIMS their plan will give us a balanced budget in 6 years but I found no statistics to back that up such as revenue for each year and expenditures for each year without and with their plan. To paraphrase a famous quote, “Show me the math.”