MAYBE just maybe even better than Cut, Cap, and Balance. The Connie Mack DREAM BILL

This is pretty fresh to all of us true conservatives but likely over time it will be forgotten and since this blog is, in all honesty, a small little timeline for myself to always have handy and the #1 reason = NO MATTER what happens in future years my grand kids (I have none now of course) will always have a really good historical record of where pawpaw's mind was and the current events etc.

That is where it's at folks.
I am gonna try and put the actual opening words of Mr. Mack as well as the link below it where you can get the entire bill if you want.

MAY 20 2011

The "One Percent Spending Reduction Act of 2011"

A Path to Balancing the Federal Budget

The Mack “One Percent Spending Reduction Act of 2011” (H.R. 1848) will achieve a balanced federal budget, beginning in 2019, by bringing federal spending down to average federal revenue over the past 30 years, which is 18% of gross domestic product (GDP).

KEY PROVISIONS:

One Percent Spending Reduction per Year:  The Mack One Percent bill cuts total spending – mandatory and discretionary – by one percent each year for six consecutive fiscal years, beginning in fiscal year 2012.

• FY 2012 – $3.382 trillion*, less one percent => $3.348 trillion cap
• FY 2013 – $3.348 trillion, less one percent => $3.315 trillion cap
• FY 2014 – $3.315 trillion, less one percent => $3.282 trillion cap
• FY 2015 – $3.282 trillion, less one percent => $3.249 trillion cap
• FY 2016 – $3.249 trillion, less one percent => $3.216 trillion cap
• FY 2017 – $3.216 trillion, less one percent => $3.184 trillion cap

Overall Spending Cap in FY 2018:  The bill sets an overall spending cap of 18 percent of GDP beginning in fiscal year 2018.

Enforcement of Spending Cuts:  The one percent spending cuts would be achieved one of two ways: either 1) Congress and the President work together to enact program reforms and cut federal spending by one percent each year; or 2) If Congress and the President fail to do so, the bill triggers automatic, across-the-board spending cuts to ensure the one percent reduction is realized.

 *Congressional Budget Office March 2011 Baseline for Total Outlays minus Net Interest

Presently the Mack Penny plan enjoys the support of over 40 co-sponsors in the U.S House. Click here to view the full list of co-sponsors.

Click here for more information on "The One Percent Spending Reduction Act"

LINK BELOW:

http://mack.house.gov/index.cfm?p=Articles&ContentRecord_id=f18dea5d-c7db-400d-8eb5-bc0a5ee9d104&ContentType_id=a993f954-3acb-477f-b874-3661f9f6fb25&Group_id=2c61596a-fccc-47a0-8682-eeac569510d9