Ron Paul to propose $1 trillion in spending cuts
Paul, a longtime critic of federal spending not authorized by the Constitution, will call for eliminating the federal Education, Commerce, Energy, Interior, and Housing and Urban Development Departments.
He'd eliminate all foreign aid and spending on wars in Iraq and Afghanistan and freeze government spending to 2006 levels -- the last year that the GOP had complete control of establishing the federal budget.
The president's pay would be cut to $39,336, which Paul's campaign says is equivalent to the median personal income of an American worker, and the federal workforce would be cut by 10%. The president earns $400,000 a year.