This afternoon Senator Tom Coburn (R-Okla.) unveiled his own proposal to reduce to deficit. The plan, which purports to reduce the deficit by over $9 trillion over the next decade, does so by cutting discretionary spending and entitlements as well as by raising some revenue and counting savings on interest payments. Included among Coburn’s cuts is over $1 trillion from the Department of Defense budget.
“It’s specific, it’s detailed, it makes hard choices,” said Coburn in a press conference at the Capitol. “But it’s necessary.”