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Romney Dislikes Ron Paul's Budget Fix

Posted: Thursday, May 10th, 2012

"My job is to get America back on track to have a balanced budget," [Romney] told attendees at a suburban Cleveland town hall event Monday. "Now I'm not going to cut $1 trillion in the first year," he added - a clear jab at Paul's plan.  "Why not, someone in the crowd apparently asked," according to the Times.

"The reason," Romney explained, "is taking a trillion dollars out of a $15 trillion economy would cause our economy to shrink [and] would put a lot of people out of work."  This, of course, is pure Keynesian economics - the idea that the economy cannot grow without massive government spending. History proves otherwise: The economy stagnated while the government spent more and more during the Great Depression, but it took off when federal spending plummeted after World War II.

Read more at The New American

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