Video: Congressman Connie Mack (R-FL) Launches The "One Percent Spending Reduction Act of 2011" part of Connie Mack
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Congressman Connie Mack (R-FL) Launches The "One Percent Spending Reduction Act of 2011"

Congressman Connie Mack (R-FL 14) held a press conference today (5/11/11), announcing his launch of a bill called the "One Percent Spending Reduction Act of 2011". This new bill aims to reduce federal spending by one percent a year for six years, starting in fiscal year 2012 (which begins on October 1, 2011). The bill is meant to help balance the budget and curb federal spending, which Congressman Mack has long said is running out of control, and is also designed as a balance for the possible raising of the federal debt ceiling.
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