Ezra Klein explains Mitt Romney’s budget in 150 words….so I decided to share all of it. The bottom line – he definitely isn’t worried about poor people.
Let’s try to make this as simple as possible. Money comes into the federal government through taxes and bonds. The vast majority of it is then spent on old-people programs, poor-people programs, and defense.
Mitt Romney is promising that taxes will go down, defense spending will go up, and old-people programs won’t change for this generation of retirees. So three of his four options for deficit reduction — taxes, old-people programs, and defense — are now either contributing to the deficit or are off-limits for the next decade.
Romney is also promising that he will pay for his tax cuts, pay for his defense spending, and reduce total federal spending by more than $6 trillion over the next 10 years. But the only big pot of money left to him is poor-people programs. So, by simple process of elimination, poor-people programs will have to be cut dramatically. There’s no other way to make those numbers work.
Source: Ezra Klein
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[...] this video reminds me of the time when Mitt Romney said “I’m not worried about the poor“. This is a real crisis; there are 630,000 homeless people in America and 10 million vacant [...]
It seems to me that what Romney was trying to say was that he wants to focus on targeting people who have no safety net but are struggling. That is an admirable set of Americans to target. It’s too bad for him that he is free of the burden of empathy so he can’t possibly understand why what he said is offensive and ridiculous.
[...] as we have written about in Mitt Romney’s Budget Doesn’t Care About Poor People Either and yesterday in Paul Ryan’s New Plan: Huge Cuts to Safety Net, Medicare, Medicaid to Pay [...]
[...] Klein explains how Romney cuts taxes for the rich and literally robs the poor of social services HERE: Let’s try to make this as simple as possible. Money comes into the federal government through [...]