Lakhota
Diamond Member
By Pat Garofalo
During an event in Michigan today, GOP presidential hopeful Mitt Romney in response to a question about the Simpson-Bowles fiscal commission admitted that budget cuts slow down economic growth. If you just cut, if all youre thinking about doing is cutting spending, why as you cut spending youll slow down the economy, he said.
This, of course, flies in the face of the conservative belief that budget cuts will boost economic growth. And already, conservative activists have attacked his statement. Its hogwash. It confirms yet again that Romney is not a limited government conservative, said Andy Roth of the ultra-conservative Club for Growth. Of course, as we noted last week, data from the real world debunks the GOPs austerity ideology and evidently Romney agrees.
Romney: 'If You Just Cut...As You Cut, You'll Slow Down The Economy' | ThinkProgress
Romney Admits Budget Cuts Slow The Economy - YouTube