Mitt Romney may have been spinning some tales in the first debate…
On health care –
“On Medicare for current retirees, [Obama’s] cutting $716 billion from the program.”
President Obama’s plan does not cut money from the program; rather, it reduces Medicare spending over 10 years, primarily by reducing excess payments to hospitals and insurance companies.
On the deficit –
“Unfortunately, he doubled it. Trillion-dollar deficits for the last four years.”
Contrary to popular Republican conspiracy, President Obama did not double the deficit. He inherited 1.2 trillion in debt when he entered office and while there was some fluctuation through the President’s years, this past fiscal year ended with 1.2 trillion in debt.
On taxes –
“My number one principal is, there will be no tax cut that adds to the deficit. …I will not reduce the taxes paid by high-income Americans. …I will lower taxes on middle-income families.”
This all sounds great but it seems like the empty campaign rhetoric of a 3rd-grader running for class president – “I promise more recess time!” Romney doesn’t explain how he would implement such a policy without raising the deficit… and isn’t this the same guy who was complaining that 47% of Americans weren’t paying income taxes? Now he wants to lower taxes even further? I thought half of us acted entitled enough.
Furthermore, from FactCheck.org, “The Tax Policy Center concluded earlier this year that it wasn’t mathematically possible for a plan such as Romney’s to cut rates as he promised without either favoring the wealthy or increasing the federal deficit.”
On programs he would cut –
“I’m sorry Jim [PBS moderator]. I’m gonna stop the subsidy to PBS. I’m gonna stop other things,” Romney said. “I like PBS. I love Big Bird. I actually like you too.”
Big Bird has been teaching kids since the 1960’s…how dare he! Besides the education value that comes along with Sesame Street, the Corporation for Public Broadcasting, which helps to fund PBS and NPR, represents just .01% of our federal budget. That’s significantly less than the amount we spend on our bloated, runaway defense budget ($670 billion). Romney needs to leave Big Bird be because as for the more thantrillion dollar deficit we’re in, PBS is not a significant contributor.
Let’s see what Romney tries to come up with in the next debate!