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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRomney Campaign Backing Off Pledge To Balance Budget By 2020
Romney Campaign Backing Off Pledge To Balance Budget By 2020
By Josh Israel
Though Mitt Romney has previously promised that he would balance the federal budget by 2020 which would be the final year of his theoretical second term his campaign has struggled to explain how his budget could do that and when it would really happen. Sunday, Romney senior campaign adviser Eric Fehrnstrom appeared to backtrack from the 2020 timetable promising only a $500 billion deficit reduction by the year 2016.
On CNNs State of the Union, Fehrnstrom was asked how long it would take Romney to balance the budget:
Watch the video:
<...>
The reason Fehrnstrom cannot make the eight-years-to-a-balanced-budget claim is that Romneys budget will not balance the budget and would likely make the deficit even larger. The decision by the Romney campaign to reject his own running mates $716 billion Medicare savings means that balancing the budget by 2020 already a pipe dream under his original plan is now so unrealistic that even his campaign wont call it anything more than a potentially achievable objective.
http://thinkprogress.org/election/2012/08/19/711041/romney-campaign-backing-off-balance-budget/
By Josh Israel
Though Mitt Romney has previously promised that he would balance the federal budget by 2020 which would be the final year of his theoretical second term his campaign has struggled to explain how his budget could do that and when it would really happen. Sunday, Romney senior campaign adviser Eric Fehrnstrom appeared to backtrack from the 2020 timetable promising only a $500 billion deficit reduction by the year 2016.
On CNNs State of the Union, Fehrnstrom was asked how long it would take Romney to balance the budget:
JIM ACOSTA (HOST): So youre not committing to balancing this budget by the end of the second term, because Governor Romney has said out on the campaign trail, that he hopes to have it balanced by the end of the second term. Youre not saying that, thats not in the cards this morning?
FEHRNSTROM: I think thats an achievable objective by the end of the the second term. What he has published is a deficit reduction plan that will cut the deficit by $500 billion by the year 2016.
Watch the video:
<...>
The reason Fehrnstrom cannot make the eight-years-to-a-balanced-budget claim is that Romneys budget will not balance the budget and would likely make the deficit even larger. The decision by the Romney campaign to reject his own running mates $716 billion Medicare savings means that balancing the budget by 2020 already a pipe dream under his original plan is now so unrealistic that even his campaign wont call it anything more than a potentially achievable objective.
http://thinkprogress.org/election/2012/08/19/711041/romney-campaign-backing-off-balance-budget/
Mitt and his Mini Me are frauds.
Tax Policy Center responds to 'garbage' comment
http://www.democraticunderground.com/10021149558
Analysis: Paul Ryan Voted to Add $6.8 Trillion to the Federal Debt
http://www.democraticunderground.com/10021151972
Krugman: The Ryan Role
http://www.democraticunderground.com/10021122504
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Romney Campaign Backing Off Pledge To Balance Budget By 2020 (Original Post)
ProSense
Aug 2012
OP
It especially can't be done giving trillions of dollars in tax cuts to the rich. n/t
ProSense
Aug 2012
#4
russspeakeasy
(6,539 posts)1. Larry and moe...
ProSense
(116,464 posts)2. Dumb and Dumber n/t
TheFarseer
(9,323 posts)3. It can't be done without losing votes or campaign contributions
so that's pretty much why it won't be done. Warren Buffet said he could balance the budget in about 5 minutes and if you didn't care what anyone thought, I'm sure anyone could do it in about that much time.
ProSense
(116,464 posts)4. It especially can't be done giving trillions of dollars in tax cuts to the rich. n/t