“.. Halperin: Why not in the first year, if you’re elected — why not in 2013, go all the way and propose the kind of budget with spending restraints, that you’d like to see after four years in office? Why not do it more quickly?
Romney: ‘Well because, if you take a trillion dollars for instance, out of the first year of the federal budget, that would shrink GDP over 5%. That is by definition throwing us into recession or depression. So I’m not going to do that, of course’.
Romney explains that austerity, during the recovery from a Great Recession, would cause catastrophic damage to our nation.
The problem, of course, is that the Republican congressional leadership is committed to imposing austerity on the nation – and Speaker Boehner has just threatened that Republicans will block the renewal of the debt ceiling in order to extort Democrats to agree to austerity -
- severe cuts to social programs.
Romney knows this could “throw us into recession or depression” – and says he would never follow such a policy.
Romney, however, has not opposed Boehner’s threat to use extortion to force austerity on the nation.
Romney has the nomination sown up – but I predict that he will stand by and let Boehner try to throw us into a Great Depression – rather than upset the Tea Party-wing of the Republican Party.
Indeed, Romney will attack Democrats who have the political courage to defend our nation against his Party’s demands for austerity that would throw us into recession or depression…”
(cont..)
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William K. Black: Romney Messes Up, Tells the Truth About Austerity.
