But still, the victory allowed Romney a platform to turn toward the general election, to explain to the nation how he would correct the America's woes. Most of his plan involved removing President Obama from the White House. I think we can all agree that would be necessary for Romney's plan to have a chance. But what policies did Romney put forth?
He would build the biggest, strongest, most intimidating military in the world and stand shoulder to shoulder with friends around the world and speak out for those seeking freedom.
He would repeal the health insurance reform act.
He would extend the Bush tax cuts.
He would make America the most attractive place in the world for business.
He would balance the budget by cutting spending, and without any tax increases.
A military that is substantially more intimidating than our present military will add billions of dollars of spending. Repeal of the health insurance reform act will cost millions. Extending the Bush tax cuts will cost billions of dollars. Incentives and tax breaks for businesses will cost millions.
I am sure that Romney would say that the additional tax revenue created by new business and investment would make up the difference. I believe there is a place for this type of thinking in the solution. But it cannot be the only thinking. We tried that.
In January, 2001, there was a federal surplus of 128 billion dollars. The Congressional Budget Office projected that if the good times continued to roll, and the spending remained the same, there would be about 5.6 trillion dollars of surplus generated in the following ten years.
But things didn't stay the same. In 2003 the Bush tax cuts were put into affect. In the same year Medicare Part D was implemented, though unpaid for. And about the same time there was a massive increase in military spending as the wars in Iraq and Afghanistan were begun. And a series of deregulation of business and environment for the purpose of helping business were the constant goal of the decade.
The economy, which was projected to create a 5.6 trillion dollar surplus, had created a one trillion dollar deficit by January, 2009.
Tax cuts.
Health care cost increases.
Increased military spending.
Deregulation of business and environment.
In the words of a beloved President,
"There you go again."
.
He would build the biggest, strongest, most intimidating military in the world and stand shoulder to shoulder with friends around the world and speak out for those seeking freedom.
He would repeal the health insurance reform act.
He would extend the Bush tax cuts.
He would make America the most attractive place in the world for business.
He would balance the budget by cutting spending, and without any tax increases.
A military that is substantially more intimidating than our present military will add billions of dollars of spending. Repeal of the health insurance reform act will cost millions. Extending the Bush tax cuts will cost billions of dollars. Incentives and tax breaks for businesses will cost millions.
I am sure that Romney would say that the additional tax revenue created by new business and investment would make up the difference. I believe there is a place for this type of thinking in the solution. But it cannot be the only thinking. We tried that.
In January, 2001, there was a federal surplus of 128 billion dollars. The Congressional Budget Office projected that if the good times continued to roll, and the spending remained the same, there would be about 5.6 trillion dollars of surplus generated in the following ten years.
But things didn't stay the same. In 2003 the Bush tax cuts were put into affect. In the same year Medicare Part D was implemented, though unpaid for. And about the same time there was a massive increase in military spending as the wars in Iraq and Afghanistan were begun. And a series of deregulation of business and environment for the purpose of helping business were the constant goal of the decade.
The economy, which was projected to create a 5.6 trillion dollar surplus, had created a one trillion dollar deficit by January, 2009.
Tax cuts.
Health care cost increases.
Increased military spending.
Deregulation of business and environment.
In the words of a beloved President,
"There you go again."
.
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