What are the main planks of your new proposal? Well, first off, what we do is We freeze non-defense discretionary spending at the 2008 level, index it for inflation for the next 10 years, and that saves about $450 billion. Then we create a new joint committee of the Congress, a permanent standing committee of the Congress, whose sole purpose would be to reduce spending, find ways to reduce the deficit through spending cuts, not through tax increases, but through spending cuts. (00:03–00:17)
CLAIM
Asserts that freezing non-defense discretionary spending at 2008 levels and indexing for inflation saves $450 billion.
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