I interviewed Congressman Connie Mack (R-FL), via telephone, about his new “Mack Penny Plan,” which is gaining considerable support from both House and Senate Republicans, and even some Democrats.

Congressman Connie Mack did not vote to raise the debt ceiling before the August recess. He was looking for a long-term solution to the nation’s deficits, which are leading to unsustainable debt.

After working with some grass-roots groups, Mr. Mack designed the “One Percent Spending Reduction Act,” or, the “Mack Penny Plan,” which, he says, will cut and cap federal spending, and balance the federal budget in eight years.

In short, the “Mack Penny Plan” would:

• Cut federal spending by 1% each year for 6 years
• Cap spending at 18% of GDP in the 7th year
• Balance the federal budget in the 8th year
• Save taxpayers $7.5 trillion over 10 years

“What’s different about this plan,” the Florida congressman says, “is that it’s pretty simple. We freeze spending at the 2011 level- about $3.6 trillion- and cut 1% of spending for six years- that’s one penny out of every dollar. Everyone has had to cut at least one penny out of every dollar, whether in family or business budgets, so that’s not too hard for the federal government to do.”

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Some items need little comment. The email below, from a reporter of the Key News in Florida, speaks volumes about the mainstream media’s outlook on the political issues of the day. It is hard to know where to begin in dissecting this e-mail. Our personal favorite is the sense that, because Obama’s policies are so “needed” by the country, we can’t possibly brook any dissent. Journalists have been laid-off across the country, because of the media’s broken business model. Surely, the Key News can recruit a less-biased reporter. We have reached out to Mr. Guerra for his version of events. No comment yet, but we will keep you posted if we hear anything.

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