Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Halperin: Why not in the first year, if you're elected -- why not in 2013, go all the way and propose the kind of budget with spending restraints, that you'd like to see after four years in office? Why not do it more quickly? Romney: Well because, if you take a trillion dollars for instance, out of the first year of the federal budget, that would shrink GDP over 5%. That is by definition throwing us into recession or depression. So I'm not going to do that, of course.
Romney explains that austerity, during the recovery from a Great Recession, would cause catastrophic damage to our nation. The problem, of course, is that the Republican congressional leadership is committed to imposing austerity on the nation and Speaker Boehner has just threatened that Republicans will block the renewal of the debt ceiling in order to extort Democrats to agree to austerity -- severe cuts to social programs. Romney knows this could "throw us into recession or depression" and says he would never follow such a policy.
This is the crux of the problem with Romney. He is a smart guy, but his party is under the control of a bunch of idiots. Romney, himself, would probably be a decent president in time. But on his coattails are hanging all the tea baggers and evangelists and anti-government kooks. I think he will be unable to keep them under control as evidenced by his constantly needing to pander to them during the election process. If it were just Romney versus Obama I would have to give Romney a strong look. But it is not, and Obama is getting my vote.
Romney should at least name his opponent when he makes accusations like that, Ron Paul. But, of course, he doesn't exist, he's a figment of everyone's imagination
If you reduce gov't spending all things being constant drastically you will reduce GDP. Romney is talking about this but yet again the ignorant Left thinks he is now a Keynesian. You reduce gov't spending gradually while raising the other factors in the equation.
If you reduce gov't spending all things being constant drastically you will reduce GDP. Romney is talking about this but yet again the ignorant Left thinks he is now a Keynesian. You reduce gov't spending gradually while raising the other factors in the equation.
Eventually, you will have to pay your creditors back. If it shows that you are unable and unwilling to pay back your loans, your line of credit will stop, and the ride is over. Printing more money while saying ********* I have the printing press, will send us to 3rd World purchasing power in a very short amount of time.
If you reduce gov't spending all things being constant drastically you will reduce GDP. Romney is talking about this but yet again the ignorant Left thinks he is now a Keynesian. You reduce gov't spending gradually while raising the other factors in the equation.
Nobody is saying Romney is a Keynesian, but the fact remains his position on this issue put in in agreement with the Obama Administration.
That's not really going to win him any points with die-hard conservatives.
Eventually, you will have to pay your creditors back. If it shows that you are unable and unwilling to pay back your loans, your line of credit will stop, and the ride is over. Printing more money while saying ********* I have the printing press, will send us to 3rd World purchasing power in a very short amount of time.
The United States has been more than willing to pay back its creditors, notwithstanding the idiots in the Republican Party that don't understand that raising the debt ceiling actually HURTS the economy.
The reason that U.S Treasury bonds and bills have such low interest rates is the financial markets are confident that they will be paid back.
But he has an (R) next to his name, so that means it's ok and the right wing goons will support him.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
