Romney’s Economic Exaggerations
Republican presidential candidate Mitt Romney claims that his plan would balance the federal budget in eight to 10 years. But so far, he has not made public the details on how he would be able to do that, and one neutral budget expert calls it “an unrealistic goal.”
Also, Romney and running mate Paul Ryan exaggerate when they say “five different studies” prove that all of the stated goals of Romney’s revenue-neutral tax plan could be accomplished without raising taxes on middle-income taxpayers. Two of the five “studies” were blog items. And none of three other studies was nonpartisan: Two were written by Romney campaign advisers and a third was by a former economic adviser to President George W. Bush.
Balanced Budget?
Romney made the claim about balancing the budget on NBC’s “Meet the Press” on Sept. 9, saying: “[W]e’ve put together a plan that lays out how we get to a balanced budget within eight to 10 years.”
The plan, however, doesn’t lay out how this would be achieved. Instead, it’s short on specifics.
When we talked to Josh Gordon, policy director of the Concord Coalition, a nonpartisan group that advocates “responsible fiscal policy,” he said there wasn’t much of a proposal from Romney. But his main takeaway, he said, is that “it’s an unrealistic goal and requires cuts far beyond what they’ve been able to specify.”
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http://factcheck.org/2012/09/romneys-economic-exaggerations-2/
