Appointed Senator Hypocritically Promises to Support a Balanced Budget, then Votes Against a Plan to Actually Get to a Balanced Budget
Today, Cindy Hyde-Smith voted “nay” on Senator Rand Paul’s “Penny Plan,” which would lead to a balanced budget. Her “no” vote comes just one day after claiming that she supports a Constitutional Amendment to balance the budget.
Senator Paul’s proposed plan would cut annual spending by one penny on the dollar without touching Social Security, thus balancing the budget over the course of five years. Paul went as far as to deem the vote a “litmus test” for conservatives.
Relative to current baseline projections, Paul’s proposal called for a $404 billion spending cut in fiscal year 2019, which begins on October 1. During the next 10 years, Paul’s plan would have spent about $13.3 trillion less than the current CBO projections, although federal spending still would have increased by more than 14 percent over the decade. Paul’s plan would have balanced the budget by 2023, as long as revenue met current CBO projections. By 2028, his proposal envisioned a $700 billion surplus instead of the $1.5 trillion deficit currently projected by the CBO.
“When the Republican Party is out of power, they are a conservative party,” Paul said just before the vote. “The problem is that when the Republican Party is in power, there is no conservative party.” Thursday proved, once again, how correct that assessment is.
U.S. Senate candidate Chris McDaniel had previously voiced his support for the Penny Plan.
“This is the way of the Swamp. She was appointed to vote in lockstep with Mitch McConnell, and today she followed her orders,” McDaniel said. “Signing onto a Constitutional Amendment to balance the budget, and then voting against balancing the budget a day later is a signature swamp move.”
McDaniel said he would have voted for the Penny Plan, and echoed Paul’s comment; that Republicans like Cindy Hyde-Smith who voted against plan are “simply the same as Democrats.”
“This comes as no suprise,” McDaniel added. “After all, she is a lifelong Democrat… and she showed it today by proving that she doesn’t care about the debt – not even a penny’s worth.”
Watch this video as Paul explains that the basic concept of the plan to Neil Cavuoto is to start by not assuming government must grow at its current rate of spending.