WASHINGTON -- The newly elected Republican senator from Kentucky has outlined a plan to cut $500 billion from the federal budget in a single year. Sen. Rand Paul said his budget would slash spending in numerous federal agencies, including the Consumer Product Safety Commission.
"By rolling back to 2008 levels and eliminating the most wasteful programs, we can still keep 85% of our government funding in place," Kentucky's junior senator said. "By removing programs that are beyond the constitutional role of the federal government, such as education and housing, we are cutting nearly 40% of our projected deficit and removing the big-government bureaucrats who stand in the way of efficiency in our federal government."
In addition to radically trimming the size of the CPSC budget, Paul's cuts call for the elimination of the departments of Energy, Housing and Urban Development, and most of the Department of Education. Other agencies that would see massive budget reductions are the departments of Homeland Security and Commerce, Food and Drug Administration and Centers for Disease Control and Prevention, along with the National Science Foundation, National Park Service and the federal court system.
News of Paul's budget cuts came as the CPSC announced the signing of memorandums of understanding with Hong Kong and Australia to improve product safety. According to the agency, the memorandums with Australia and Hong Kong put formal structures in place for information sharing about recalled products, consumer product regulations, product testing requirements and product safety campaigns. They also allow regulators to work more easily toward compatible product safety standards.
CPSC chairman Inez Tenenbaum signed agreements during visits to Hong Kong and Sydney to discuss the need for global improvements in consumer product safety. Richard Yuen, Hong Kong's customs and excise commissioner, signed the memorandum between the U.S. and Hong Kong. Peter Kell, deputy chairman of the Australian competition and consumer commission, put his signature on Australia's agreement with the U.S.