I honestly have no idea what Mitt Romney will do as President. Who will show up on day 1? The self-described “severe conservative” from the primaries or the moderate from the debates? I really have no idea what this guy stands for.
I looked at the spending page on his web site to try to learn more about his platform. A few things stood out to me:
Reduce Waste And Fraud — Savings: $60 Billion. The federal government made $125 billion in improper payments last year. Cutting that amount in half through stricter enforcement and harsher penalties yields returns many times over on the investment.
This is confusing to me. If you know that $125B of the payments you made were improper (you’d have to know which payments in order to get that number), why wouldn’t you cut that amount to zero? What are these payments? Who’s getting paid? What?
His plan to cap federal spending at 20% of GDP says this:
Requires spending cuts of approximately $500 billion per year in 2016 assuming robust economic recovery with 4% annual growth, and reversal of irresponsible Obama-era defense cuts
GDP growth hasn’t been at 4% in about 13 years (source). Why you would assume Clinton-era growth in this economic climate is beyond me.
The bigger issue is that he seems to promise all these things (20% tax cut, increased military spending) without calling out what he’s going to cut to balance the books. When asked this in the debate, he brought up PBS (0.0012% of the federal budget). There are two possible reasons for not telling us what he’ll cut: either he doesn’t know (thus his assurances of balancing the budget are meaningless) or he doesn’t think we’ll vote for him if he tells us. Could be both.