‘Penny Plan’ Puts the Spotlight on Out-of-Control Federal Spending

Republicans Sen. Rand Paul of Kentucky and Rep. Mark Sanford of South Carolina recently revived the “penny plan,” which calls on Congress to reduce spending by at least one penny on the dollar from one year to the next. The proposal was introduced in 2011 by two other Republicans, Rep. Connie Mack of Florida and Sen. Mike Enzi of Wyoming,…