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Sen. Rand Paul's Sequester Solution: Stop Replacing Retired Federal Workers, Cut Foreign Aid & Travel

SEN. RAND PAUL (R-KENTUCKY): If we can't cut this little bit about and this really is a cut in the rate of increase, I worry will we ever move forward? Are we destined for bankruptcy in this country if we can't cut the rate of growth? Because that's what we're talking about. Over ten years, the $1.2 trillion in "cuts" actually allows the budget to grow over 10 years.

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PAUL: Basically, the budget is going up, several percentage points a year and we're slowing down the rate of growth. Now, in the first year, there's a little bit of dip in discretionary spending, some budgets they want to look at, but interestingly, all of these budgets went up 17% under Obama and now they're going to come down 2 to 6% and still be way above when he came it into office.

I've also presented a plan that would allow us to do this without any layoffs. We have a 100,000 people who retire every year, don't replace them. We pay federal employees 16% more than private employees, equalize the pay. Cut out half of foreign aid. Cut out 20% of travel. Boom, you got your sequester and nobody got laid off. (Hannity, February 25, 2013)

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