112 HR 1848 IH: One Percent Spending Reduction Act of 2011
Introduced May 11, 2011
Rep. Connie Mack (R-FL) has introduced the “One Percent Spending Reduction Act of 2011,” which will reduce the size of the federal budget by 1% a year for six years. This will balance the budget by 2019 and will install a budget cap of 18% of GDP in 2018. It's about time for Congress to dig its way out of debt!
This plan has been co-sponsored by over 50 members of the House of Representatives, and it provides a realistic blueprint to put America back in the black.
