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Romney will balance the budget long term, as does the Ryan Plan. In the short term, massive austerity to balance the budget ASAP would be catastrophic to the economy. But by lowering tax rates we will increase revenue. It happened after the Bush tax cuts, it happened when Clinton cut capital gains tax, it happened after the Reagan tax cuts, and it will happen after the Romney/Ryan tax cuts.
Here's a good article Washington Post Misleads Readers About Paul Ryan, Tax Rates and Deficits - Forbes
If one trillion is cut from the budget in one year, expect to see a serious economic downturn. We need to remove government from the economy and stop crowding out the private sector, but we need to do it slowly, so the private sector can gradually go as government fades away. If we slash government too deep, the private sector won't jump in immediately with growth, it doesn't work like that. Instead we will see a sharp decline in GDP, growth, employment, etc. Maybe I am somewhat biased as a Paul presidency would be traumatic to the local economy where I live since it would exacerbate what I was just saying. If it happens gradually, the private sector will be able to fill the void left by government. But I believe, along with Mr. Romney, that the growth of the private sector will be enormous. And considering his success in the private sector, I feel like I'm in good company with those beliefs.
Romney is going to take away social security for everyone under 55 today and replace it with a discount card good at Walmart. That is pretty much the gist of the Romney/Ryan plan.
Obama says yes we can kick the can down the road with social security.
Romney is going to take away social security for everyone under 55 today and replace it with a discount card good at Walmart. That is pretty much the gist of the Romney/Ryan plan.
That is not in any way part of what Romney has said or proposed. Stop trying to use scare tactics on people who are more educated on the issues than that.
Romney will balance the budget long term, as does the Ryan Plan. In the short term, massive austerity to balance the budget ASAP would be catastrophic to the economy. But by lowering tax rates we will increase revenue. It happened after the Bush tax cuts, it happened when Clinton cut capital gains tax, it happened after the Reagan tax cuts, and it will happen after the Romney/Ryan tax cuts.
Here's a good article Washington Post Misleads Readers About Paul Ryan, Tax Rates and Deficits - Forbes
If one trillion is cut from the budget in one year, expect to see a serious economic downturn. We need to remove government from the economy and stop crowding out the private sector, but we need to do it slowly, so the private sector can gradually go as government fades away. If we slash government too deep, the private sector won't jump in immediately with growth, it doesn't work like that. Instead we will see a sharp decline in GDP, growth, employment, etc. Maybe I am somewhat biased as a Paul presidency would be traumatic to the local economy where I live since it would exacerbate what I was just saying. If it happens gradually, the private sector will be able to fill the void left by government. But I believe, along with Mr. Romney, that the growth of the private sector will be enormous. And considering his success in the private sector, I feel like I'm in good company with those beliefs.
Great post and you are spot on...thank you! Mitt Romney has spelled out quite cleary how he will balance the budget without raising taxes. Will it be popular with everyone in every way...no? Was it popular when Reagan cut spending to the bone, no? It will hurt some folks and that's unfortunate, but it has to be done.
That is not in any way part of what Romney has said or proposed. Stop trying to use scare tactics on people who are more educated on the issues than that.
Dixie,
Isn't it sad that Romney is an adult and will address the issue that Social Security is insolvent and the reaction by the left is to tell people that he wants to push Granny off a cliff. On the other hand, Obama has actually weakened Social Security - we can no longer say that SS is self-funding thanks to his payroll tax reduction and ignore that it is insolvent, and the reaction by the left is to cheer him for keeping social security 'strong.'
Romney is going to take away social security for everyone under 55 today and replace it with a discount card good at Walmart. That is pretty much the gist of the Romney/Ryan plan.
Romney is going to take away social security for everyone under 55 today and replace it with a discount card good at Walmart. That is pretty much the gist of the Romney/Ryan plan.
oh for heavens sake, no one has proposed doing any such thing. The program has got to be re-sturctured, it was never meant to carry us for 30 years after retirement, people are living to be in their 80s and 90s all the time. How in the world can people really think, the program can continue in it's present form and survive? What do you suggest be done?
Romney followers are so clueless. He failed to balance Massachusetts' budget and left them in a deeper hole but now he is somehow going to balance the U.S. budget? A balanced budget can't be done by increasing military spending to take on the Soviets. He is the last person I want running the show.
No, obama is the last person an intelligent person wants "running" the show. Lying about Romney's record won't change that.
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