Romney's budget plans continue to not make any sense (user search)
       |           

Welcome, Guest. Please login or register.
Did you miss your activation email?
June 10, 2024, 05:42:00 AM
News: Election Simulator 2.0 Released. Senate/Gubernatorial maps, proportional electoral votes, and more - Read more

  Talk Elections
  Election Archive
  Election Archive
  2012 Elections
  Romney's budget plans continue to not make any sense (search mode)
Pages: [1]
Author Topic: Romney's budget plans continue to not make any sense  (Read 1941 times)
Likely Voter
Moderators
Junior Chimp
*****
Posts: 8,344


« on: August 15, 2012, 02:45:16 PM »

Of course it doesn't. Right now, Mittens is campaigning on cutting both taxes and spending, which sounds all good and dandy but is unrealistic right now

but it is even worse than that. He is campaigning on balancing the budget while cutting taxes and increasing defense spending and preserving medicare for current retirees.

It is simply impossible, regardless of any growth rate you put in. There just isn't enough in the discretionary non-military budget to do it.
Logged
Likely Voter
Moderators
Junior Chimp
*****
Posts: 8,344


« Reply #1 on: August 15, 2012, 02:54:07 PM »

Of course it doesn't. Right now, Mittens is campaigning on cutting both taxes and spending, which sounds all good and dandy but is unrealistic right now

but it is even worse than that. He is campaigning on balancing the budget while cutting taxes and increasing defense spending and preserving medicare for current retirees.

It is simply impossible, regardless of any growth rate you put in. There just isn't enough in the discretionary non-military budget to do it.

He may be able to do it in the next decade but not anytime soon. The entitlement expenditures are through the roof and more and more people are living off the government than ever before, and until we reign that in, we will be in this mess. I trust Mittens will do a better job with that than Obama, but I don't know if anyone can truly do it.

What he is saying in the campaign trail is not realistic, at least not in this decade anyway, and it will take baby steps in order to fix this mess, which Romney knows but you can't campaign on stuff like that because Americans have to hear feel good stories like Obama talked about 4 years ago. If anyone told the truth about what is really going on, people would panic.

The only way to fix it is through a mix of cutting entitlements and revenue increases. Every bipartisan approach has said that. Obama was willing to do that with the 'grand bargain' and it was Paul Ryan and the House GOP who stopped it. Romney also agreed that there can be no revenue raisers regardless of cuts Dems would provide.

I would trust the old Mitt Romney, but the new Mitt Romney appears just as crazy as the rest of the 'my way or the highway' types.
Logged
Likely Voter
Moderators
Junior Chimp
*****
Posts: 8,344


« Reply #2 on: August 15, 2012, 03:13:29 PM »

Returning to 90s era tax levels on the top 2% is not going to destroy the economy, all it will due is reduce the defecit, which should help.

However, Obama is not being honest enough about how in the long term entitlements also have to be cut (or growth has to be slowed, however you want to say it).

Raising taxes alone isn't going to fix it, cutting spending alone isnt going to fix it. You need to do both. At least Obama is the only one so far who tried it. For his credit, Boehner tried too. It was Ryan and Cantor who stopped it, and Romney backed them up.

Romney is campaigning on fairy dust. Nothing new of course, but I wonder if he can make it to November without getting specific.
Logged
Pages: [1]  
Jump to:  


Login with username, password and session length

Terms of Service - DMCA Agent and Policy - Privacy Policy and Cookies

Powered by SMF 1.1.21 | SMF © 2015, Simple Machines

Page created in 0.019 seconds with 12 queries.