Hey Priv, how, exactly, are they planning on doing this? I know they SAY they are, but they have no specifics. What we need is "Less spending and more jobs". Well duh! But how do you do that? When you cut government spending, what happens to all those people that the government employs? They lose their jobs. When the basic problem with the economy is people needing jobs, how does putting more people out of work fix that?
Also, I honestly do not understand how you balance the budget by cutting taxes on the rich. Here is a site that gives a LOT of information on what his proposals might do. It's long, but thorough:
http://www.cbpp.org/cms/?fa=view&id=3658
By and large, it seems that Romney will drastically cut benefits for poor and middle class in order to have more tax breaks for the top 1% of wage earners. Why do people support this?
Medicare would be cut by $185 billion in 2016 and $2.0 trillion from 2014 through 2022. Achieving cuts of this size solely by reducing payments to hospitals, physicians, and other health care providers would threaten beneficiaries' access to care. Thus, beneficiaries would almost certainly face large increases in premiums and cost-sharing charges.
Cuts in the Supplemental Nutrition Assistance Program (SNAP, formerly the Food Stamp Program) would throw 13 million low-income people off the benefit rolls, cut benefits deeply — by over $1,800 a year for a family of four — or some combination of the two. These cuts would primarily affect poor families with children, seniors, and people with disabilities.
Compensation payments for disabled veterans (which average less than $13,000 a year) would be cut by more than one-fourth, as would pensions for low-income veterans (which average about $11,000 a year) and Supplemental Security Income (SSI) benefits for poor aged and disabled individuals (which average about $6,000 a year and leave poor elderly and disabled people well below the poverty line).
Non-defense discretionary spending would be cut by $176 billion in 2016 — and $1.7 trillion through 2022 — in addition to the deep cuts already reflected in the budget baseline as a result of the caps in the BCA and the appropriations bills passed during 2011. This category of spending covers a wide variety of public services such as aid to elementary and secondary education, veterans' health care, law enforcement, national parks, environmental protection, and biomedical and scientific research.
As a share of the economy, non-defense discretionary spending would shrink to 2.3 percent of GDP by 2016 and 1.6 percent of GDP by 2022; it would fall to even lower levels if the budget also had to be balanced (see Figure 3). In contrast, spending for this category has averaged 3.9 percent of GDP over the past 50 years and has never fallen below 3.2 percent of GDP during this period.
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