Mitt Romney isn’t really a politican per se….he’s a MAGICIAN. He is able to do things that defy time and space….and has created a new wormhole that even Calculus professors can’t figure out. Here’s what I mean…
#1 – Romney has pledged to cut every American’s taxes by 20% (source)
#2 – More specifically on taxes – under the Romney plan – a person making $10 million a year will receive an additional $2.5 million in tax cuts per year (source)
#3 – Romney wants to increase military spending to levels not seen since perhaps WW2….maybe the most ever (source)
So – he’s going to cut revenues in large margins with an emphasis on tax cuts for his political donors – excuse me – the rich – excuse me – “job creators” excuse me – small businesses, the middle class and people who love puppies….and then adding on more deficit spending to pay for more military projects as we’re winding down 2 wars (probably just budgeting for his war with Iran)….he somehow is going to balance the budget. Well…as the church lady used to say – “Isn’t that special?”
Let’s demonstrate Mitt Romney’s plan only instead of it being the government…it’s going to be the average middle class family. Imagine you make $50,000 a year and you have credit card debt and student loans to the max (now you don’t have a money tree like the government does i.e. the Fed). Under Romney’s plan…the solution to all that ails you is to go from working 5 days a week to working 4 days a week thus putting you in a position where you make $40k a year and then in addition to that – he wants you to go buy a nice fancy new car with a $1,000 car payment. See how Romney economics works? Go give it a try and see how that works out for you.
The Center on Budget and Policy Priorities has the info HERE:
For the most part, Governor Romney has not outlined cuts in specific programs. But if policymakers exempted Social Security from the cuts, as Romney has suggested, and cut Medicare, Medicaid, and all other entitlement and discretionary programs by the same percentage — to meet Romney’s spending cap, defense spending target, and balanced budget requirement — then non-defense programs other than Social Security would have to be cut 29 percent in 2016 and 59 percent in 2022 (see Figure 1). Without the balanced budget requirement, the cuts would be smaller but still massive, reaching 40 percent in 2022.
The cuts that would be required under the Romney budget proposals in programs such as veterans’ disability compensation, Supplemental Security Income (SSI) for poor elderly and disabled individuals, SNAP (formerly food stamps), and child nutrition programs would move millions of households below the poverty line or drive them deeper into poverty. The cuts in Medicare and Medicaid would make health insurance unaffordable (or unavailable) to tens of millions of people. The cuts in non-defense discretionary programs — a spending category that covers a wide variety of public services such as elementary and secondary education, law enforcement, veterans’ health care, environmental protection, and biomedical research — would come on top of the deep cuts in this part of the budget that are already in law due to the discretionary funding caps established in last year’s Budget Control Act (BCA).
