Coburn unveils $9T deficit-reduction plan

Sen. Tom Coburn (R-Okla.) has proposed a massive deficit-reduction package that would slash defense spending and raise nearly $1 trillion in revenues by ending a variety of tax breaks.

It would save a total of $9 trillion over the next decade.

He acknowledged his plan would stir controversy among various constituencies but said fellow members of Congress had no right to criticize him until they come up with their own road maps.

“What is not acceptable, however, is not having a plan and delaying reform until some perfect political moment that will never arrive,” he told reporters Monday.

Coburn has proposed cutting $1 trillion from the Pentagon over the next 10 years, one of many areas of government he has slated for big cuts.

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