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TomCADem

(17,390 posts)
Thu Oct 25, 2012, 12:12 AM Oct 2012

"Romney's budget math haunted by Ryan"

Nice article that actually addresses the substance (or lack thereof) of Romney's economic policies.

http://www.nj.com/us-politics/index.ssf/2012/10/romneys_budget_math_haunted_by.html

In Monday's presidential debate, Mitt Romney promised again to get to a balanced budget in eight to 10 years while owning up to cuts from non-defense appropriations of only "about 5 percent."

It was a surprisingly small number given the task ahead. And totally at odds with the experience of his running mate, Paul Ryan, who cut almost four times as much from the same accounts last spring and still couldn't get his budget out of the red until 2040, when he had added savings from Medicare.

Indeed as House Budget Committee chairman, Ryan proposed to take nearly $1.06 trillion from the 10-year spending levels allowed in the 2011 Budget Control Act for non-defense appropriations. And even with this 19 percent cut, he still ended up with a deficit of $287 billion in 2022.

No one expects Romney and Ryan -- joined at the hip in the closing weeks of the presidential campaign -- to admit where they might disagree. But as a trailblazer for the GOP on budgets, Ryan has generated a wealth of data on difficult spending choices -- numbers that raise real questions now about the credibility of what Romney has so far outlined.
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