Kentucky Senator Rand Paul’s ‘6 Penny Plan’ Could Balance the Budget in 5 Years

Sen. Rand Paul on Monday unveiled a new bill that includes trillions in budget cuts over the next five years in order to bring about a balanced budget.  The Kentucky Republican’s proposal, a copy of which was first obtained by FOX Business, would yield a $65.8 billion surplus by fiscal year 2027. Collectively, the plan spends about $4.2 trillion less than the nonpartisan Congressional Budget Office estimated during that time period, a person familiar with the matter said. 

RELATED: House conservatives propose balancing budget in 7 years with $16.6T in cuts

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