Mitt Romney wrote an opinion piece for CNN Politics:
First he criticized the debt the U.S. has gotten itself into, then Obama for his lack of leadership and principle here. Romney then laid out four points, which are pretty much common sense. He calls for permanent tax cuts, and that government spending be restricted to essential projects which he defines as projects that are in the works already but are being moved up to create jobs now.
Highlights below:
First he criticized the debt the U.S. has gotten itself into, then Obama for his lack of leadership and principle here. Romney then laid out four points, which are pretty much common sense. He calls for permanent tax cuts, and that government spending be restricted to essential projects which he defines as projects that are in the works already but are being moved up to create jobs now.
Highlights below:
I want him [Pres. Obama] to adopt the correct course and then to succeed. He still has a chance to step in and insist on spending discipline among the members of his own party.
First, there are two ways you can put money into the economy, by spending more or by taxing less. But if it's stimulus you want, taxing less works best. That's why permanent tax cuts should be the centerpiece of the economic stimulus.
Second, any new spending must be strictly limited to projects that are essential. How do we define essential? Well, a good rule is that the projects we fund in a stimulus should be legitimate government priorities that would have been carried out in the future anyway, and are simply being moved up to create those jobs now.
Third, sending out rebate checks to citizens and businesses is not a tax cut. The media bought this line so far, but they've got it wrong. Checks in the mail are refunds, not tax cuts. We tried rebate checks in 2008 and they did virtually nothing to jump-start the economy.
... if we're going to tax less and spend more to get the economy moving, then we have to make another commitment as well. As soon as this economy recovers, we have to regain control over the federal budget, and above all, over entitlement spending for programs such as Social Security and Medicare.
The invisible hand of the market always moves faster and better than the heavy and of government.
We know its's early but could Mitt Romney's Star be on the rise again for 2012?
We think with his private sector experience and if the economy stays in bad shape for 4 years it definately is ...
