In an interview with Neil Cavuto, Senator Rand Paul pointed out how painfully simple it would actually be to reach the so-called Supercommittee’s goal of debt reduction. Paul noted,
You can save $1.7 trillion—more than the target for the debt committee—simply by block granting Medicaid at 2007 levels and letting it increase at the rate of inflation. That would actually meet the whole target of the supercommittee by addressing one program, Medicaid.
Indeed, Paul’s unofficial “TEA Party Debt Commission” has actually identified $9 Trillion in cuts over ten years—several times that envisioned by even the most radical of the official supercommittee members.
But the seemingly massive goal is quite simple to achieve. Paul says, “You know how you cut $9 trillion over ten years? You simply freeze the budget.”
And how does Washington feel about the potential of having its belt tightened so? It’s furious. So much so that it locked the unofficial group out of a room in which it was scheduled to meet under guise of a bomb scare.
The New York Times was so thrilled it ridiculed these deficit hawks.
But Paul is right. The only way to cut taxes and balance the budget is to cut spending.