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Penny Plan Support Growing

February 29, 2012 One Cent Solution

Earlier this month, two new Senators added their names as cosponsors of the One Cent Solution “Penny Plan” legislation introduced by Senator Mike Enzi (R-WY).  Why did they join the effort? Perhaps it was the President’s new budget, which wholly ignores our growing fiscal crisis.  (Debt crisis?  What debt crisis?)  Or perhaps it was Majority [...]

President’s Budget — More Spending, Higher Taxes, More Debt

February 15, 2012 One Cent Solution

The Administration’s new budget is perhaps the best recommendation out there for the One Cent Solution “Penny Plan.” Where the Penny Plan is simple and honest, the President’s budget is complicated and duplicitous.  Where the Penny Plan takes on the fiscal crisis by focusing on spending, the budget avoids making tough choices by pretending the [...]

Using ‘Penny Plan’ to get financial house in order

February 14, 2012 One Cent Solution

Politico By SEN. KAY BAILEY HUTCHISON | 2/8/12 9:47 PM EST Today, we face the most predictable — and preventable — crisis in American history. Consider the flashing warning signs: The U.S. has accumulated more than $5 trillion in new debt in less than four years; total debt recently surpassed our country’s gross domestic product [...]