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  • bluecheese4u bluecheese4u Aug 17, 2012 8:16 PM Flag

    Romney/Ryan budget plans: why the numbers don't make sense

    Romney/Ryan budget plans: why the numbers don't make sense

    Mitt Romney
    August 17, 2012
    By: Rachael Storm

    Whether the proposed budget Mitt Romney plans on bringing to the White House, should he win the election in November, is in fact the Ryan budget is a policy question the Romney campaign, to date, refuses to give a straight answer to. In fact the answers they have offered have been so consistently contradictory that, like the issue of Romney's tax returns, great looming red flags most campaign advisors and pundits agree will soon be unavoidable talking points.

    So far Mitt Romney has promised to reduce and cap federal spending at 20 percent of GDP, 4 percent of which will be defense spending, by 2016. In order to achieve that goal Romney will have to cut $6 to $7 trillion over the next decade. The Center on Budget and Policy Priorities ran the numbers in May and found that if Social Security and Medicare were spared from cuts, "all other programs-including Medicaid, veterans' benefits, education, environmental protection, transportation, and SSI-would have to be cut by an average of 40 percent in 2016 and 57 percent in 2022."

    Medicare, Social Security, and defense make up over half of the federal budget.

    The promises Romney has been making would mean that "infrastructure, food safety, road safety, the postal service, basic research, foreign aid, housing subsidies, food stamps, the Census, Pell grants, the Patent and Trademark Office, the FDA-all of it has to be cut by, on average, 40 percent by his third year in office." according to analyst Ezra Klein.

    Putting such a plan into effect would be catastrophic. Not only would millions of Americans suffer staggering losses to programs they rely on, but without regulation, something Romney has said he would like to do away with, privatized corporate entities would likely attempt to fill the void, resulting in a wave of corrupt benefit schemes and an education system designed to turn children into a source of income. Experiments in private institutions, like the juvenile detention facility in Pennsylvania, have already been tried, resulting in a corruption scandal and sentencing of a judge in 2011.

    In acknowledging that in a rational world such a budget plan would never be allowed to go into effect without a violent mass uprising what then can the Romney/Ryan campaign offer us in the way of economic strategy? The same vague, play-to-the-base answers that clear up nothing.

    In the span of a week Mitt Romney has gone from a position of having his own separate budget plan on CBS, to having one identical to Ryan's plan speaking in Florida, to having one of his surrogates go back to assuring us that the two plans are very different on CNN, to saying again the plans are almost identical again, while providing no data or specific information at all.
    Paul Ryan told FoxNews "I don't know exactly when it balances because we haven't run the numbers on that specific plan."

    The campaign's devotion to the vague answer and avoidance can not be defended as a matter of privacy. While it is refreshing to hear a statement from a political figure that he would like to stick to the issues, even if Mitt Romney refuses to admit that his tax history is part of the national discussion, the budget and policies he has said he will support should he become President are absolutely relevant and must be discussed.

    Romney-Ryan plan: 4 million jobs lost, middle class tax increases, cuts for rich
    2012 Elections
    August 12, 2012
    By: Maryann Tobin

71.16-1.07(-1.48%)2:19 PMEDT