A supposedly new America.
Romney's problem is he said he wouldn't cut spending or taxes. He won't cut spending because he doesn't understand how the economy works and creates wealth.
"Well because, if you take a trillion dollars for instance, out of the first year of the federal budget, that would shrink GDP over 5%. That is by definition throwing us into recession or depression. So I’m not going to do that, of course. What you do is you make adjustments on a basis that show, in the first year, actions that over time get you to a balanced budget."Reason on Romney's voodoo policies.
No comments:
Post a Comment