It remains the case that the Romney-Ryan ticket, as fleshed out in recent days, is running on the following:So for all you folks out there trying to put the deficit anvil around Obama's neck, what do you think about the Romney/Ryan plan? I mean really. What do you think? I know. You know I know and now you know you know, too.
What about those policy promises suggests to deficit hawks that Mitt Romney and Paul Ryan will shrink the deficit? Meanwhile, the GOP ticket promises to eliminate tax deductions but won't specify which ones. Naturally, the deductions that cost the most are correspondingly popular with voters. How is it that deficit hawks fail to appreciate the fact that the most likely parts of the Romney-Ryan agenda to pass are the tax cuts, increases in military spending, and the restoration of $700 billion plus to Medicare, while the least likely to pass are the elimination of tax deductions?
- Zero cuts to the military budget. "If I'm president and Paul Ryan's vice president we will not cut our military budget," Mitt Romney said. He's also talked repeatedly about increasing defense spending.
- Zero tax increases on investment, savings, or the middle class, and a broad income-tax rate cut.
- Zero cuts to Medicare for the entirety of two terms in office.
- War with Iran if it keeps pursuing a nuclear program.
Wednesday, September 05, 2012
Crushing the Deficit
The Atlantic has been crushing it this year, easily my favorite publication right now. Here's an article that really lays out Romney/Ryan and their plans for our already bloated deficit: