AdamT
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So Romney is running around talking how irresponsible the president is, spending all this money. No doubt a president Romney would put a quick end to that, right?
Err ... no so much as it turns out. As in so many cases,* what a president Romney would do is what President Obama is doing.
So Mitt dishonestly calls out Obama for increasing spending, but says that, like Obama, he wouldn't cut a lot of spending untilt he economy is on solid ground.
He runs around the country bashing the stimulus, claiming it made things worse ... and then admits that that level of spending increased GDP, thus ending the recession.
So on the one hand, it's good to see that someone who could win in November is in touch with reality, but on the other hand, it's just further evidence that he is astonishingly dishonest.
* Romney, of course, is also running around mouthing off about Obama's record on unemployment. In his big unemployment statement, Romney claims that HE would lower unemployment to around 6% at the end of his first term. Of course, that is just about where unemployment is presently projected to be in four years under Obama's policies.... :roll:
Err ... no so much as it turns out. As in so many cases,* what a president Romney would do is what President Obama is doing.
Boehner, carrying the Tea Party line on spending, recently said that he would insist that the deficit be cut by a dollar for every dollar increase in the debt limit, or else he would refuse to raise it, helping drive the country toward default.
"When the time comes, I will again insist on my simple principle of cuts and reforms greater than the debt limit increase," Boehner said.
"Dealing with our deficit and our debt would help create more economic growth in the United States," Boehner told George Stephanopolous Sunday on ABC's "This Week." "The issue is the debt."
Romney, however, said that pushing drastic spending cuts during shaky economic times is a prescription for "recession or depression."
Asked by Time's Mark Halperin Wednesday why he wouldn't push major cuts in his first year, Romney responded with reasoning that would be largely uncontroversial if not for the past two years' mainstreaming of an economic philosophy that insists government spending actually costs jobs, rather than creates job.
"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 percent. That is by definition throwing us into recession or depression. So I'm not going to do that, of course," Romney said in an answer picked up by former bank regulator William Black, a HuffPost blogger.
Boehner, by contrast, said cutting spending will spur the economy by giving "certainty" to the business community. "It would lift this cloud of uncertainty that's causing employers to wonder what's next. So dealing with our debt and our deficit are critically important," he said.
Any spending cuts, Romney said, should come down the road, after the economy has improved.
"I don't want to have us go into a recession in order to balance the budget," he said. "I'd like to have us have high rates of growth at the same time we bring down federal spending, on, if you will, a ramp that’s affordable, but that does not cause us to enter into a economic decline."
Romney's reasoning accepts the basic premise that government spending adds to GDP and leads to economic growth, at least during times when consumer spending and private-sector demand is down.
The economic assertion is supported by the post-recession job creation numbers. Under President Obama, government spending has grown at its slowest rate since the Eisenhower Administration, according to Politifact. Predictably, that has led to a slower recovery and -- ironically for a president who called for belt-tightening as a political response to the Tea Party -- political trouble for his reelection.
Romney Argues Big Spending Cuts Would Cause 'Depression,' Contrary To Tea Party Activists
So Mitt dishonestly calls out Obama for increasing spending, but says that, like Obama, he wouldn't cut a lot of spending untilt he economy is on solid ground.
He runs around the country bashing the stimulus, claiming it made things worse ... and then admits that that level of spending increased GDP, thus ending the recession.
So on the one hand, it's good to see that someone who could win in November is in touch with reality, but on the other hand, it's just further evidence that he is astonishingly dishonest.
* Romney, of course, is also running around mouthing off about Obama's record on unemployment. In his big unemployment statement, Romney claims that HE would lower unemployment to around 6% at the end of his first term. Of course, that is just about where unemployment is presently projected to be in four years under Obama's policies.... :roll:
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