By Jeff Cox, CNBC.com Senior Writer
NEW YORK ( CNBC) -- Ron Paul's plan to slash $1 trillion in federal spending begins and ends at the government bureaucracies he says are most responsible for the mess. As part of his "Plan to Restore America," the Republican presidential candidate and firebrand congressman from Texas wants to cut out all foreign aid, end the wars in Afghanistan and Iraq, and eliminate five Cabinet-level departments. "We are in the midst of the worst debt crisis ever in all of history, so I cannot see how we can get out of this by increasing the debt around the world," Paul said in a CNBC interview. "Nobody has proposed any cuts and I don't know how in the world you can get out of the problem of too much spending and too-big government by not cutting anything."
| More from CNBC Chinese Government Has Limited Tools as GDP Slows |
Greeks Work so Hard, so why the Debt Crisis?
Goldman's Earnings Surprise: Big Stock Trading Gains