[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

You’re Likely Committing a Crime Right Now

Stop Drinking the Kool-Aid, America: Political Fiction in an Age of Televised Lies

Assassination of Gandhi ... The Facts - Behind

'You Christians, you kill us': Nun reveals words of ISIS knifemen who forced elderly priest, 84, to kneel at altar as they slit his throat on camera after invading Mass

LIVE: DNC Protest in Philadelphia

White people ordered to the back at DNC

Anthony Weiner and Trumps take swipes at each other

America's Largest Shotgun Maker Shifts More Jobs to Texas

#DNCLeaks: Will Putin Get a Pulitzer?

People Spend As Much On Legal Weed As They Do On Alcohol

Anybody watching the Demoncrap Convention ?

France church attack: Priest killed in hostage-taking near Rouen

German MP Critical of Police for Killing Crazed, Axe-Wielding Jihadist

calling all beer lovers

30 Seconds To Midnight

America Needs a Good, Old-Fashioned Economic Depression

Even Bernie Sanders supporters want Hillary Clinton behind bars

RealClearPolitics has Trump up by 0.2%

Cop Pulls Gun on Jack in the Box Employee for Not Making his Burger Fast Enough

Fort Myers Nightclub Shooting: 2 Dead, at Least 14 Others Reportedly Wounded

The Law Of Cosmic Imperative

Clinton Foundation is Robin Hood in Reverse

Leaked Emails Show DNC Officials Planned Anti-Trump Protests

BREAKING NEWS: Democrat chairwoman RESIGNS hours before Clinton convention. Email hack revealing how party conspired against Sanders forces Debbie Wasserman Schultz to quit

CLINTON CASH OFFICIAL DOCUMENTARY MOVIE ( FULL )

George Carlin The Illusion Of Choice, voting, presidents, corporate control and more...

Hillary's America -- 83% of moviegoers loved it; 95% of critics hate it

Has anyone upgraded to Windows 10? Any advice?

'See you in Philly': Anti-Clinton protesters converging on Democratic convention

EXCLUSIVE: Democratic National Committeewoman says her party is 'clearing a path' for Hillary because 'the women in charge' want it that way

Some Microbes Have Been With Us Since Before We Existed

Your favorite radio song ever!

Are we living in a ... joke wrapped in a farce --- in a bamboozle?

Hacked email shows demoncrap party hostility to sanders

Kerry: Air conditioners as big a threat as ISIS

DC GOP Vice-Chair Resigns Over Trump Nomination, Plans to Vote for Gary Johnson

7* Authoritarian Lines in Donald Trump’s Speech

Half Of TSA's 30,000 Employees Accused Of Misconduct; Nearly A Third Multiple Times

We Have a "Duty" to Submit; They Have No Duty to Protect

Instead of fighting Hillary, tRump rehashes his past stupidities

Liars: Cruz, Bush, Kasich Do Not Endorse Trump, Hillary’s Mentor is Communist, Phony Economy Updat

Hillary Clinton picks Tim Kaine for VP

Italian Restaurant Trolls BLM With 'Black Olives Matter' Billboard, Sees Spike in Sales

Child recovering after pitbull attack

Utah Delegates Still Not Sold on Donald Trump, May Vote for Gary Johnson

Public pay phones -- When is the last time you used one or even saw one?

Respect and Obey Authority (Rom. 13, DHS Canary Youths)

London paper reported the ... muzz was suffering from schizophrenia --- so what's new here,

GERMANY GUN RAMPAGE SIX dead after multiple gunmen target Munich shoppers

The O’Jays slam Donald Trump and use of song ‘Love Train’ during Republican National Convention


Status: Not Logged In; Sign In

LEFT WING LOONS
See other LEFT WING LOONS Articles

Title: Romney Takes Swipe at (presumptive nominee) Ron Paul’s Budget Blueprint
Source: The New American Magazine
URL Source: http://www.thenewamerican.com/usnew ... aul%E2%80%99s-budget-blueprint
Published: May 10, 2012
Author: Michael Tennant
Post Date: 2012-05-10 19:20:37 by hondo68
Ping List: *Ron Paul for President*     Subscribe to *Ron Paul for President*
Keywords: pure Keynesian economics, taking from private sector, redistributing wealth, rewardi
Views: 1937
Comments: 5

Romney Takes Swipe at Ron Paul’s Budget Blueprint

Photo: Republican presidential candidate Mitt Romney speaks at a town hall-style meeting in Euclid, Ohio, May 7, 2012.: AP Images

For a man who seems to have the Republican presidential nomination sewn up, former Massachusetts Gov. Mitt Romney’s decision to attack the policies of his only rival who has not dropped out of the race, Rep. Ron Paul (R-Texas), is curious indeed. Paul has proposed slashing $1 trillion from the federal deficit in his first year in office and balancing the budget in three years. He has argued that much of this deficit reduction could be achieved by ending America’s overseas military operations, closing foreign bases, and bringing the troops home.

Romney, however, will have none of it, reports the Washington Times.

“My job is to get America back on track to have a balanced budget,” he told attendees at a suburban Cleveland town hall event Monday. “Now I’m not going to cut $1 trillion in the first year,” he added — a clear jab at Paul’s plan.

“Why not, someone in the crowd apparently asked,” according to the Times.

“The reason,” Romney explained, “is taking a trillion dollars out of a $15 trillion economy would cause our economy to shrink [and] would put a lot of people out of work.”

This, of course, is pure Keynesian economics — the idea that the economy cannot grow without massive government spending. History proves otherwise: The economy stagnated while the government spent more and more during the Great Depression, but it took off when federal spending plummeted after World War II.

For all his vaunted business acumen, Romney has apparently forgotten that the government cannot spend $1 trillion without first taking it from the private sector. Therefore, if the government fails to spend that money, it is not being taken out of the economy; it is merely being left in the hands of its rightful owners. As a result, it gets put to use meeting people’s needs and improving their standard of living. When the government takes it, however, it is used to meet politicians’ desires for reelection by redistributing wealth and rewarding political cronies. One trillion dollars left in the private sector will do infinitely more good than that same cash will do when confiscated by government.

That Romney believes money is better spent by bureaucrats than by businessmen is evident from his own budget blueprint. Romney, says the Times, “has laid out a fiscal plan that aims to cap federal spending at 20 percent of GDP and bring the budget into balance by 2020,” taking four more years than Paul to balance the budget and leaving spending as a higher percentage of GDP (Paul has proposed limiting it to 15.5 percent).

Yet Romney’s plan, unlike Paul’s, is light on specifics; and by starting with very modest objectives, he is likely to achieve next to nothing once the necessary political compromises occur. Moreover, even if he were to get everything he claims to want, the national debt would still grow $2.6 trillion by 2021, according to U.S. Budget Watch. Paul, by contrast, would actually reduce the debt by $2 trillion, the organization calculates.

In addition, while Paul is unafraid to confront the military-industrial complex — “The one thing we have to come to realize is military spending is not equivalent to defense spending,” he said last October — Romney is a full-throated supporter of it. The Times notes that he “opposes cuts to military spending, which currently accounts for about 18 percent of federal outlays.” Romney, the paper continues, “drove the point home” at a Virginia campaign stop last week, where he said “he will add new ships to the U.S. Navy, add new aircraft to the Air Force and add 100,000 active duty personnel.” Thus, Romney not only has declared almost one-fifth of the federal budget off limits but also has proposed expanding it — hardly the mark of a serious budget cutter.

Why, one wonders, has Romney decided to distance himself from Paul’s budget proposals at this time? Is he trying to assure the electorate at large that, unlike his most conservative rival for the GOP nomination, he is a moderate who won’t threaten any of their favorite government programs? Or is he trying to send a message to the Paul camp, to wit: No matter how many convention delegates your man racks up — and Paul has been doing quite well for himself in this regard lately — his ideas will not be considered by either the Republican Party or a Romney administration?

Whatever the reason for Romney’s sudden urge to denounce Paul’s plan, it provides further evidence that the GOP is once again preparing to offer voters no real alternative to the Democratic candidate for President. It was, after all, Obama’s then-budget director, Jacob Lew, who declared in February that “the time for austerity is not today.”

Romney, it appears, is an echo, not a choice.


Poster Comment:

This demonstrates clearly Romney's profound ignorance of macro-economics. Or else he's just a corrupt bastard like Obama, stealing from the poor and giving to the rich.

Either way, neither of the above are worth voting for.

By attacking Paul, Mittens is showing just how afraid of losing the nomination he really is. (1 image)

Subscribe to *Ron Paul for President*

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: hondo68 (#0)

Either way, neither of the above are worth voting for.

nonsense. Obama being for faggots pretending to be married is enough to vote for Romney.

Then there are Obamas Marxist policies. Romney has no such plans as Obama does.

Anyone who would let Obama stay in office by not voting against him. Must like Obama.

Romney and Obama have lots of differences. The path will be different under Romney. Anyone who says differently is delusional.

A K A Stone  posted on  2012-05-10   22:33:20 ET  Reply   Trace   Private Reply  


#2. To: hondo68 (#0)

By attacking Paul, Mittens is showing just how afraid of losing the nomination he really is.

I wish Ron Paul was the nominee. But he isn't. It is going to be Mitt.

Mitt is a better choice then Obama any day of the week.

A K A Stone  posted on  2012-05-10   22:34:37 ET  Reply   Trace   Private Reply  


#3. To: A K A Stone (#2)

I wish Ron Paul was the nominee. But he isn't. It is going to be Mitt.

You have just publickally admitted that YOUR worthless chad punching is a waste-of-time. Congratulations. What is your next step to change the course of America? Fall off a roof again?

buckeroo  posted on  2012-05-10   22:57:40 ET  Reply   Trace   Private Reply  


#4. To: A K A Stone, *Ron Paul for President* (#1) (Edited)

Obama being for faggots pretending to be married is enough to vote for Romney.

Romney is just as pro homo agenda as O'queero.

They're both Marxists, two peas in a pod. Quit lying to yourself, they both suck. All you're doing by voting for Mitt, is asking for a worse candidate next time around. Jeb Bush/Lindsey Graham? Mittens is going to lose, so it's important to keep at least the House R so that most of Oilbomber's agenda is defeated. Gridlock is good.

A vote for Mitt is a vote for Obama!


"We (government) need to do a lot less, a lot sooner" ~Ron Paul

Obama's watch stopped on 24 May 2008, but he's been too busy smoking crack to notice.

hondo68  posted on  2012-05-10   23:42:18 ET  (1 image) Reply   Trace   Private Reply  


#5. To: hondo68 (#4)

Yet Romney’s plan, unlike Paul’s, is light on specifics; and by starting with very modest objectives, he is likely to achieve next to nothing once the necessary political compromises occur. Moreover, even if he were to get everything he claims to want, the national debt would still grow $2.6 trillion by 2021, according to U.S. Budget Watch. Paul, by contrast, would actually reduce the debt by $2 trillion, the organization calculates.

Most people make choices based on their emotions, instead of logic and intellect.

Sad but true.

We The People  posted on  2012-05-11   5:42:57 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com