Ron Paul’s fiscal plan merits careful consideration

Every Republican candidate hoping to take on President Barack Obama says he or she has a plan to get America back on track. But when it comes to offering specifics, most are coy and evasive.

Given the country’s precarious budget situation — a national debt just shy of $15 trillion and unfunded liabilities for entitlements totaling over $62 trillion — this hardly is the time for GOP hopefuls to ride the status quo or talk generalities.

Rep. Ron Paul (R-TX), never one to beat around the bush about fiscal matters, has unveiled a new plan the other candidates should carefully study, at least as a starting point for debating meaningful spending cuts.

Candidates for the presidency have in the past talked about careful spending cuts, using a scalpel instead of a hatchet to cut the fat and waste out of the federal budget. But the “Plan to Restore America” offered by Paul shows he is seriously prepared to take on government waste in Washington and balance the budget before the end of his first term.

The need for aggressive action is understandable. Congress continues spending much more than it takes in, saddling future generations with a mountain of debt, even if at a slightly lower rate than in the recent past. And insofar as raising taxes is not a solution to our fiscal problems, the answer must be to work to slay the fiscal leviathan that has been rapidly growing in Washington.

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