The former Massachusetts governor also criticized the agreement between the White House and Republicans in Congress to raise the US debt ceiling as a “big mistake.”
“I thought it was a mistake on the part of the White House to propose it. I think it was a mistake for Republicans to go along with it,” Romney said in the NBC interview, excerpts of which were provided by the network.
this fellow touts his business acumen as the foremost reason to vote for him in this presidential race and now he tells us that allowing the United States to default on its obligations would be wise public policy -- I over-estimated his intellect until this position was evoked
Romney praises Clinton speech in pre-taped ‘Meet the Press’ interview | The Raw Story
this fellow touts his business acumen as the foremost reason to vote for him in this presidential race and now he tells us that allowing the United States to default on its obligations would be wise public policy
i over-estimated his intellect until this position was evoked
Romney praises Clinton speech in pre-taped ‘Meet the Press’ interview | The Raw Story
That's not what he said. Why are you putting words into his mouth?
Well, Romney's business was venture capitalism. That is not the typical business. Venture capitalists are only looking at profit. If they can make a profit by defaulting on debt, they will do it.
then tell us what would have happened instead if congress had refused to raise the debt ceiling
That's not what he said. Why are you putting words into his mouth?
I'm not going to get all involved in old news, Justa. But he did not say that. YOU did.
He knows the people he needs to vote for him don't understand the debt ceiling and he's using that to his advantage. Many believe a vote to increase the debt ceiling is a vote to increase government spending. I think Romney is smarter than that. I don't believe he really believes increasing the debt ceiling was a mistake - that the statement was just made to appease the tea party voters who don't understand.
this fellow touts his business acumen as the foremost reason to vote for him in this presidential race and now he tells us that allowing the United States to default on its obligations would be wise public policy
i over-estimated his intellect until this position was evoked
Romney praises Clinton speech in pre-taped ‘Meet the Press’ interview | The Raw Story
The agreement also specified an incentive for Congress to act. If Congress failed to produce a deficit reduction bill with at least $1.2 trillion in cuts, then Congress could grant a $1.2 trillion increase in the debt ceiling but this would trigger across-the-board cuts ("sequestrations"[note 1]).[3] These cuts would apply to mandatory and discretionary spending in the years 2013 to 2021 and be in an amount equal to the difference between $1.2 trillion and the amount of deficit reduction enacted from the joint committee. There would be some exemptions: reductions would apply to Medicare providers, but not to Social Security, Medicaid, civil and military employee pay, or veterans.[4][5] Medicare benefits would be limited to a 2% reduction.[7]
As originally envisioned, these caps would equally affect security and non-security programs. Security programs would include the U.S. Department of Defense, U.S. Department of Homeland Security, U.S. Department of Veterans Affairs, the National Nuclear Security Administration, some management functions of the intelligence community and international affairs from the U.S. State Department.[8] However, because the Joint Select Committee did not report any legislation to Congress, the act reset these caps to defense (essentially the DOD) and non-defense categories.[9]
LMAO
What is your evidence that suggests the tea party does not understand the debt ceiling?
If you watch the video of where he said "“I thought it was a mistake on the part of the White House to propose it. I think it was a mistake for Republicans to go along with it,” Romney said in the NBC interview, excerpts of which were provided by the network." As shown in your source is actually him talking about the sequester portion of the debt ceiling deal, where to raise the debt ceiling the Dems and Reps agreed to automatic across the board budget cuts, in ALL areas of government spending, if their newly established "super-committee" on debt didn't produce spending cuts(which they haven't so far because Reps and Dems can't agree).
Mitt Romney has, to his credit, been fairly consistent on his ideas about military spending and proposing not cutting DoD funding any more and to maintain it where it is as a certain percentage of GDP. Defense spending has steadily dropped since Obama entered office, as one can imagine it primarily has to do with the end of the War in Iraq, however it has not dropped in proportional amount to what that war costs. In other words, if the war was costing X per year then the budget has been dropping by Y where Y is far less than X. In fact its only dropped by 31 billion since last year while the Iraq War was costing roughly 150 billion a year
by the time it ended. (Not that money is only DoD money, it doesn't include other government agency's funding spent in or for Iraq)
Romney: GOP leaders made (Actual video of Mitt's quote)
http://comptroller.defense.gov/defbudget/fy2013/FY2013_Budget_Request_Overview_Book.pdf (Page 7 for yearly DoD budget, FY13 budget is only proposed at this time)
http://www.fas.org/sgp/crs/natsec/RL33110.pdf (Page 12 for yearly DoD Iraq budgets)
Budget Control Act of 2011 - Wikipedia, the free encyclopedia
So he's not saying that the USA should have defaulted on our public debt, I'm sure he knows that's the dumbest thing any Congress or President could do and it makes me sick how the Republicans in the House took the issue hostage to force petty political gains and in the process screwed with the meaning of the phrase "Full faith and credit of the United States" on which our whole monetary value and economy is based. By the way Mitch McConnell used the same word, hostage, to refer to his strategy for the debt ceiling debates.
Anyway all Mitt is saying is he's against sequestration for the DoD, personally I'm against sequestration too because its a stupid policy and stupid way to cut the budgets. Its not like the DoD gets X amount of dollars per year to do whatever it thinks is best, most of the DoD's budget is marked for certain projects and can't be spent elsewhere unless Congress changes its mind. So for example I read a story about how Congress has marked enough money to purchase 2 new submarines but if sequestration goes into effect then they will only have enough money for 1.8 submarines? Well how do you buy 1.8 subs? Obviously you can't so what do you do with the .8 left over? Who the hell knows, but technically its marked solely for the purchase of new submarines and the contacts have already been negotiated for the original amount of money given the DoD for those subs.
I'm all for spending cuts, especially in the DoD since Iraq is completely over, but we can be smart about how we do it and not just take the lazy and easy after of just cutting everything by 10% without looking at how it affects anything. We can and should cut certain programs more than others, perhaps eliminate some all together, and make a reasonable transition.
Defense Cuts: How Do You Buy 1.8 Submarines? : NPR
So ya back to the OP, your source sucks because it twists his words to mean something they don't. He's not talking about raising the debt ceiling as being bad he's talking about sequestration, which your article doesn't even mention once.
LMAO
What is your evidence that suggests the tea party does not understand the debt ceiling?
this fellow touts his business acumen as the foremost reason to vote for him in this presidential race and now he tells us that allowing the United States to default on its obligations would be wise public policy
i over-estimated his intellect until this position was evoked
Romney praises Clinton speech in pre-taped ‘Meet the Press’ interview | The Raw Story
The Tea Party does not understand anything, so it does not understand the debt ceiling.
The Tea Party does not understand anything, so it does not understand the debt ceiling.
Oh ok thanks for clearing that up,I guess I can go ahead and assume then that since Obama supporters blindly support his spending they too do not understand the debt ceiling or anything else.
So does anyone have a link to the actual video so we can see what exactly was said?
Well, Romney's business was venture capitalism. That is not the typical business. Venture capitalists are only looking at profit. If they can make a profit by defaulting on debt, they will do it.
I thought it was called vulture Capitalists. My bad.
Nope dont assume anything. But the Tea Party has proven quite a few times they are out of touch and have very little understanding of basic economics... look at the Tea Party heros... Palin, Bachman and so on.
Plus once the Tea Party hypocrites got into power .. the first thing most did was start grabbing government hand-outs for themselves and their districts.. which supposedly was not what the Tea Party was about right?
Typical Marxist Rhetoric
Objectification/Emotional Platitude ect ect ect
Did you know you just hit 666 posts? Coincidence?
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