One of Mitt Romney’s advisers, Tara Wall, went on MSNBC and was questioned by Luke Russert about Romney’s plan to balance the budget. Romney’s plan, of course, would do the exact opposite, with trillions in tax cuts that will dramatically reduce federal revenue and further explode the debt. This is the best answer she could muster — and they’re pretty lame.
RUSSERT: What are the offsets? What are we specifically going to do to balance the budget?
WALL: Well, I believe Americans will hear a lot more about Governor Romney’s plan, and if you want to see in depth what his plan is, you can certainly research that and look at that more in depth. But overall, there have been a number of new regulations, over-zealous regulations, on small businesses enacted by this administration, and we have to look at those things. [...]
RUSSERT: Even with those small business cuts you’re talking about, they’re in the billions. We’re talking trillions with a T. Non-partisan: increase by the debt, Mr. Romney’s plan with these tax cuts, by $2.6 trillion. Why are there no specifics? You guys want to talk about big ideas, you don’t want to talk about Bain and the tax issues. I don’t want to talk about that. I’m asking you specifically: How does Mitt Romney’s plan balance the budget by 2020?
WALL: I think, if you look at the economic numbers, I’m not an economist and I’m not going to play an economist, I think that Mitt Romney has a proven record of bringing economies back. He brought down unemployment as governor, he created jobs as a governor, he was effective as a businessperson overall, and I think you have to apply those concepts. [...] You can’t discount that, and you can’t discount the fact that we have to be able to look at how we begin solving the debt problem and bringing that down, and to do that, number one, is to start with streamlining our tax code, bringing down our marginal tax rate, the regulations that have been overburdensome, and making real true spending cuts.
Doesn’t even try to address the question. Why? Because there is no answer to it. It’s the same plan we’ve been hearing about from Republicans for decades. Cutting taxes, for the rich of course, is the answer to every problem. It’s why debt has gone up much faster under Republican presidents than Democratic presidents for the last 40 years, and by a huge margin.
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