Rand Paul's "Fuzzy Math"

Saw a message from Rand Paul today, where he asserts that he has a plan which is "so simple a Washington politician or journalist could even understand it."

To balance our budget, all we need to do is freeze federal spending today, then cut one percent of the budget each year for the next 7 years.

That's a simple plan, yes.  But maybe he hasn't checked how big our deficit is lately.  We are currently spending 40% more than we earn.  So, to put the issue in terms even an inexperienced ultra-conservative can understand:

7% < 40%

Sorry, Rand.  Ain't gonna work.