Halperin: You have a plan, as you said, over a number of years, to reduce spending dramatically. 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?And yet we've heard shouts to the president from Republicans, with even some Democrats chiming in, to balance the budget, "Faster, faster, faster!" in the midst of a sluggish recovery from a deep recession.
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.
Soon to be heard in a campaign commercial to reelect Obama? I hear the cries already: "Not right! Not fair! Taken out of context!" How long as it been since rightness, fairness, and quotes taken in context went out the window in campaigns for public office?
H/T to Charles Pierce, and thanks again for the use of his mantra: " Fck the deficit. People got no jobs. People got no money."
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