Senator Paul proposes major spending cuts

FRANKFORT, Ky. (AP) - U.S. Sen. Rand Paul has revamped his
previously filed budget bill and is trying to attach it as an
amendment to legislation now being considered in the Senate.
Paul said Tuesday that the amendment, if approved, would achieve
savings of $200 billion by reducing most discretionary spending to
2008 levels, adding deeper cuts in some agencies and no cuts in
others.
The amendment would cut military spending by 5 percent and would
not impact war funding. It would leave entitlement programs and
veterans' benefits at current spending levels. And it would reduce
funding by 50 percent to the Department of Energy, Department of
Education and the Department of Housing and Urban Development.
Funding for some independent agencies would be eliminated
entirely.
The measure faces dim prospects in the Senate.