| Sen. Rand Paul Wants $500 Billion cut in one year With the federal budget at $3.5 trillion, the deficit at $1.4 trillion, and the national debt more than $14 trillion, lawmakers are busy talking about how to trim spending. No plan has garnered more attention than one sponsored by freshman Sen. Rand Paul (R-Ky.), a Tea Party Republican, who introduced legislation Jan. 25 to cut spending across-the-board by $500 billion in one year to help get America out of its economic red. Read More |
| Florida Gov. Saves $2.4 Billion, Scraps High-speed rail Florida Gov. Rick Scott on Wednesday rejected the federal government’s offer of $2.4 billion to build the line — prompting cheers from his tea party base, and harsh criticism from leading Florida Republicans and Democrats alike — squashing a project that has been decades in the making. “The truth is that this project would be far too costly to taxpayers and I believe the risk far outweighs the benefits,” Scott said. Read More |
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