Mitt Romney gets almost specific
Mitt Romney has been a bit short on details when it comes to his plans. For example, he will cut taxes by 20% (that does sound specific) but he wants to keep revenue about the same and will do so by cutting deductions and loopholes (which are not specified). He has said on a few occasions that this cutting of the deductions will not cause the middle class to pay a larger portion of taxes than they pay now. At the October 3 debate he added that he will not increase the deficit or cut education.
He will lay-out a few broad principles such as the above and congress will find the answer. As I have said before trust him and trust congress. It is certainly a plan but not one in which I have much faith.
He has also said he will cut federal expenditures. He has not given many details. But a the debate, he did tell us that he would “stop the subsidy to PBS”. This despite loving Big Bird.
There is about a trillion dollar deficit. The PBS subsidy is 450 million dollars. For most of us (even Mr. Romney) this is a lot of money. But it is only a very small portion of the deficit .0005 or one twentieth of a percent).
Does Mr. Romney have any specifics on the other 99.95% of the deficit he needs to cut? One specific he has managed to come up with solves about one two-thousandth of the deficit but may result in killing Big Bird.