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Take 58 seconds of your life and watch this. It's non partisan. It just explains how government money is spent vs revenue/spending cash obtained. See that huge chunk of missing funds of revenue vs. expenditures? Romney has promised to either A. cut that much discretionary spending Or B. Get more money to replace the money lost from deficit spending or C. Both. How does he plan to make up that huge gap? The only way I can see is slash public services or higher taxes. He's already going to increaase military spending, so that's not even being considered. Oh, at the same time, he's going to be helping create 250,000 jobs a month.
If anyone has any concrete plans he has, please link them. Thanks.
should balance the budget and get rid of the debt in 1 day. very easy to do, and it would force a balanced budget overnight for all the political deadbeats in congress.
Location: Georgia, on the Florida line, right above Tallahassee
10,471 posts, read 15,833,234 times
Reputation: 6438
Quote:
Originally Posted by sanrene
Go to his website and take a look.
At least he will make an effort, unlike the current president who added $5 Trillion in new debt.
You mean the web site I took the quote from? That's Romney's web site. What other web site are you talking about? He doesn't say how he's going to balance the budget. What data/web site are you saying shows that he can.
Let me explain to you how promises to cut spending to eliminate the deficit is pure snake oil.
Last year (FY-2012) the deficit was $1.327 trillion. ALL discretionary spending came to $1.3 trillion, of which non-security spending came to only $462 billion. In other words, we could have eliminated every, single, solitary penny of discretionary spending, including all Defense and Homeland Security spending, and everything else but Social Security and Medicare, and we'd STILL HAVE A DEFICIT OF $27 BILLION. We could have cut out all so-called "social spending" and foreign aid and STILL HAVE A DEFICIT OF NEARLY $900 BILLION.
ANY candidate who promises you they'll end deficit spending by cutting the budget alone is lying to you. It literally cannot be done without touching the third rail of politics, Social Security, or raising revenue. Raising revenue means higher taxes or fees for service.
Mitt Romney isn't promising to eliminate all discretionary spending, so his proposal would have an automatic deficit. Worse, he's promising to lower taxes even more on the wealthy and on corporations, who pay the largest percentage of taxes in the first place. That not only will not eliminate or reduce the deficit, IT WILL MAKE IT WORSE!
Do the math yourself before buying what he and the GOP are selling. It doesn't add up and never has.
Location: Georgia, on the Florida line, right above Tallahassee
10,471 posts, read 15,833,234 times
Reputation: 6438
Quote:
Originally Posted by stillkit
Let me explain to you how promises to cut spending to eliminate the deficit is pure snake oil.
Last year (FY-2012) the deficit was $1.327 trillion. ALL discretionary spending came to $1.3 trillion, of which non-security spending came to only $462 billion. In other words, we could have eliminated every, single, solitary penny of discretionary spending, including all Defense and Homeland Security spending, and everything else but Social Security and Medicare, and we'd STILL HAVE A DEFICIT OF $27 BILLION. We could have cut out all so-called "social spending" and foreign aid and STILL HAVE A DEFICIT OF NEARLY $900 BILLION.
ANY candidate who promises you they'll end deficit spending by cutting the budget alone is lying to you. It literally cannot be done without touching the third rail of politics, Social Security, or raising revenue. Raising revenue means higher taxes or fees for service.
Mitt Romney isn't promising to eliminate all discretionary spending, so his proposal would have an automatic deficit. Worse, he's promising to lower taxes even more on the wealthy and on corporations, who pay the largest percentage of taxes in the first place. That not only will not eliminate or reduce the deficit, IT WILL MAKE IT WORSE!
Do the math yourself before buying what he and the GOP are selling. It doesn't add up and never has.
No Sh*t.
Romney is a God D**n liar
His promise to balance the budget is a lie. Based on what he has offered so far.
Take 58 seconds of your life and watch this. It's non partisan. It just explains how government money is spent vs revenue/spending cash obtained. See that huge chunk of missing funds of revenue vs. expenditures? Romney has promised to either A. cut that much discretionary spending Or B. Get more money to replace the money lost from deficit spending or C. Both. How does he plan to make up that huge gap? The only way I can see is slash public services or higher taxes. He's already going to increaase military spending, so that's not even being considered. Oh, at the same time, he's going to be helping create 250,000 jobs a month.
If anyone has any concrete plans he has, please link them. Thanks.
Location: Georgia, on the Florida line, right above Tallahassee
10,471 posts, read 15,833,234 times
Reputation: 6438
That's not gonna work to increase jobs by 250K jobs a month. What he promises is not what he can deliver. Makes him no different than Obama.
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