Balancing the Budget in Five Years?

Balancing the Budget in Five Years?

For balanced budget voters, the problem should not have happened in the first place. It is understood that these are voters that do not want the country spending more money than it has coming in. However, the realistic viewpoint here is that it will take time to get back on track. To make that happen, things need to change and specifically, it becomes critical for improvements to be made sooner rather than later.

Rand Paul, who serves as a junior senator in Kentucky brought to the attention a FY2013 budget. He believes that the plan has everything in place to help balance the budget within five years. He is calling it "A Platform to Revitalize America." The plan will include reductions in spending as well as the restoration of fiscal order to Washington itself.

What is important to note about this budget proposal is that it is the only one brought to the table thus far that will balance the budget within the Balanced Budget Amendment requirement. All 47 Republican Senators back the plan. The plan provided would help to bring spending below the historical average for the first year it is in operation.

According to Senator Mike Lee from Utah, "The biggest problem facing the national right now is the out of control spending and borrowing. The Budget Control Act doesn't address the underlying problems, and it's been well over 1000 days since Senate Democrats passed a budget. I stand behind anyone who is willing to confront this issue through a serious proposal that will put us on the path toward a balanced budget."