The Daily Scoop: Romney’s severely conservative budget promises

This article from the Washington Post is the second analysis of the fiscal plans Mitt Romney would implement should he be elected to occupy the White House. The first examination of his previously released plan by the Tax Policy Center was posted here on January 7th. The results were not altogether positive.  Unfortunately, for the presidential candidate, these more recent federal budget ideas unveiled at the 2012 CPAC conference did little to alleviate concerns for their viability, according to the Center on Budget and Policy Priorities findings.

Romney’s severely conservative budget promises

In his speech to CPAC, Mitt Romney repeated a promise that he’s delivered repeatedly on the campaign trail. “Without raising taxes or sacrificing America’s critical defense superiority, I will finally balance the budget.” That sounds pretty good. It sounds really good, in fact. And then you look at the numbers.

Romney has, essentially, made four significant fiscal promises: He has pledged to cap federal spending at 20 percent of GDP. He has pledged to cut taxes to about 17 percent of GDP. He has pledged to a floor on defense spending at 4 percent of GDP. And he has pledged to balance the budget.
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6 Responses to “The Daily Scoop: Romney’s severely conservative budget promises”

  1. Let’s face it. All of the Republican candidates have proposed budgets that would devastate the average family and the average small business – two groups they are supposed to be so interested in helping.

    • It is fairly astonishing seeing the analysis of their budget ideas and how they consistently place the needs or benefits of the middle and poorer classes in the backseat. These people represent the majority of the country but the candidates appear so very reluctant to acknowledge the problems that segment of society has.

      Thanks for the comment.

  2. The problem with budget plans, from either party, is they are suspect to shady math. President Obama’s budget relies on savings from programs that will never be realized. The GOP candidates have proposed flat taxes, which claim to cut taxes, but actually raise them on the poor. The constant talk about taxes in America leads many to believe taxes are too high, despite being at the lowest levels since the 1950s.

    Politicians all understand that the majority of voters won’t go into the details of the plans. They will believe what they are told by whatever media outlet they listen to. Rush Limbaugh can influence millions of people more than we can as bloggers, simply because he has a platform. That doesn’t make him right. It just means that he’s gained access to peoples homes, cars and minds that we cannot obtain.

    For every one voter who looks into the details and facts, there’s many more who say, “Who cares” or “It doesn’t matter to me”. It’s this belief that nothing in politics impacts people, changes peoples lives, or that they cannot make a difference that allows the tricks and tactics, the bad policies and the foolish pledges to continue unchallenged.

    • Very true, so much of what determines a voter’s decision is belief and/or perception. I’ve found that true on both sides, that what people are told by whatever broadcast source they listen to are more apt to belief it. If they are told it by an apparently knowledgeable source on TV or radio then it must be credible. I remember an experience a family member told me about while traveling through the Midwest… the only radio station they could pick up throughout the trip was the one playing programming like Rush Limbaugh. It got them to thinking, if this is all the people around there hear then that’s the only view they may think exists.. Not sure how true the programming experience was since they were there for a few days but the postulation does make one wonder. The isolation that idea implies may stretch reality a bit seeing how they have the same access to all the cable news sources as everyone else in the country does.

      And just one thought on the flat tax push by GOP candidates… while it does sound great on paper, (why wouldn’t it, right? Simple and easy.) but on top of what you mentioned how it would end up hurting poorer populations, would it not be significant “job killer”? Consider all the tax accountants who rely on tax time for a large part of their annual income. What would a simple flat tax do to those people? I just haven’t heard anyone mention that yet.


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