U.S. Sen. Rand Paul, R-Bowling Green, unveiled his plan Tuesday to cut $500 billion in federal spending over one year.
Fulfilling a campaign pledge, Paul said, "I am proud to introduce my own solution to the mounting debt our spendthrift, oversized government has accrued.
"By rolling back to 2008 levels and eliminating the most wasteful programs, we can still keep 85 percent of our government funding in place."
Paul said his plan removes programs "that are beyond the constitutional role of the federal government, such as education and housing."
His proposal is called the "Cut Federal Spending Act of 2011."