Rand Paul, Mike Lee Introduce Trump’s Rescission Package to Slash Spending

[WestVirginiaRebel]

Breitbart

Sens. Rand Paul (R-KY), Mike Lee (R-UT), and six of their Senate colleagues introduced President Donald Trump’s rescission package on Thursday to slash $15 billion in wasteful government funding.

The eight Republican senators introduced the Spending Cuts to Expired and Unnecessary Programs Act on Thursday, which would rescind $15 billion in government spending.
The list of GOP senators includes Sens. Rand Paul (R-KY), Pat Toomey (R-PA), Mike Lee (R-UT), Joni Ernst (R-IA), David Perdue (R-GA), John Kennedy (R-LA), Jeff Flake (R-AZ), and Ben Sasse (R-NE).

Sen. Paul said on Thursday, “Unfortunately, the Senate was unable to cut one penny from every dollar through a budget bill I proposed last week. I am hopeful they will support cutting half a penny from every dollar through this rescissions package.”

Perdue explained:

We are past the tipping point in this debt crisis. Today, most of the money we spend on our military, our veterans, and domestic discretionary programs is borrowed money. This will get worse, and it’s time for Washington to come to grips with this reality. President Trump has. That’s why his team is proposing to cut these unused and expired government programs. These are simple cuts, arguably the easiest we could make, and they should be supported by every member in Congress.

Sen. Lee said:

Yes, a $15 billion spending reduction is a drop in the bucket compared to a $15 trillion debt. But we have to start cutting spending somewhere because if we don’t, if we continue to allow federal government spending to grow faster than the economy as a whole, at some point, economic reality will force us to do so in a much more painful manner later.

In May, President Trump sent Congress the largest rescission package in American history, which would strip $15 billion in spending. A rescission package can pass through the Senate with only a simple majority, allowing Republicans to bypass the daunting 60-vote threshold in Congress’s upper chamber.

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Rescission time.