Paul: Speed Up Deficit Panel Cuts
The Hill reports:
The draft report issued by President Obama's fiscal commission does not do enough to bring down the nation's debt and deficits, Sen.-elect Rand Paul said Friday.
Paul (R-Ky.) wants the changes proposed by the bipartisan commission to take effect sooner, rather than over the course of several decades.
"The debt commission has some good ideas … but they are stretching it out over 30, 40, 50 years. I really think it’s going to be too little, too late," he told Fox News in an interview to air Friday afternoon. "I tend to not think that proposals are too serious if they are over such a long period of time and they end up getting changed over that time."
Paul's comments stand in contrast to criticism of the report on the right, which has mainly criticized the proposed tax increases.
The Tea Party-backed Paul often ran as an iconoclast on the campaign trail, touting his libertarian sensibilities about fiscal issues. He strongly opposes tax increases and recommended steep spending cuts to reduce the size of government.
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