Friday, February 21st, 2020  |  6:49 PM

A Conservative Newspaper Promoting,
Life, Liberty, and the Pursuit of Happiness

Subscribe Now: Get your own copy of The US Journal

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

Share this on Twitter  |  Share this on Facebook  |  Email to a friend.  |  Contact the editor.

What are your thoughts?

Want full access to all the articles on this site?

You must be a subscriber to read entire articles.

Gain 24/7 access to all the content on this website by becoming a subscriber.
Choose your subscription plan and get full access in minutes. Subscribe now. »

If you are already a subscriber, sign in now to read more full articles.

More National News

This Month’s Headlines

God Save Women from Other Women

This Month's Headlines

Trump's Energy Success

This Month's Headlines

The Democrat Party Needs to Wake Up

Deadly Isms

Mainstream Media Can't be Trusted

If it Damages America, It's Good for Democrats

Foreign Interventionism is Destroying Us