{"id":7240,"date":"2012-02-25T00:02:12","date_gmt":"2012-02-25T08:02:12","guid":{"rendered":"http:\/\/www.politicsplus.org\/blog\/?p=7240"},"modified":"2012-02-25T00:02:12","modified_gmt":"2012-02-25T08:02:12","slug":"beware-romneys-economic-plan","status":"publish","type":"post","link":"https:\/\/www.politicsplus.org\/blog\/2012\/02\/25\/beware-romneys-economic-plan\/","title":{"rendered":"Beware!: Romney’s Economic Plan"},"content":{"rendered":"

Mitt Romney further isolated himself talking to a small group of twelve hundred people in the huge stadium where the Detroit Lions play.  I have to say, he looked positively ridiculous in that venue.  But the garbage in his economic plan is ever more absurd than he appeared.<\/font><\/p>\n

\n

\"25RomneyPlan\"Mitt Romney offered a sweeping plan Friday to boost the American economy, a program loaded with previously outlined tax and spending cuts as well as new changes in how Social Security and Medicare recipients would get benefits\u2026<\/p>\n

…Most of his proposals weren\u2019t new _including a 20 percent across the board cut in income tax rates, reducing federal spending to 20 percent of Gross Domestic Product<\/strong>, down from the current 24 percent.<\/p>\n

He was a bit more specific about his plans for Social Security and Medicare. He pledged to "slowly raise the retirement age" for Social Security recipients<\/strong>, but gave no details, and promised to "slow the growth in benefits for higher-income retirees."<\/p>\n

Currently, the Social Security full-benefit retirement age varies depending on the year of birth. For those born between 1943 and 1954, full benefits are available once they turn 66. The age gradually increases; those born after 1960 will be fully eligible at age 67.<\/p>\n

For Medicare, Romney said that he would have the private sector "compete to offer insurance coverage at the lowest possible price<\/strong>."<\/p>\n

Starting in 2022, new retirees would participate in the new system. Medicare’s eligibility age would increase by one month each year, and in the long run, eligibility ages for Social Security and Medicare would be tied to longevity "so that they increase only as fast as life expectancy."<\/strong><\/p>\n<\/blockquote>\n

Inserted from <McClatchy DC<\/a>><\/p>\n

There can be no doubt here that Romney intends to gut the government.  If he is elected. kiss Social Security and Medicare goodbye.  It will be impossible to cut federal spending 20% of the GDP.  His 20% across the board tax cut is an overly generous summary.  It is much more skewed to vavor the rich.  Here a picture is worth a thousand words.<\/p>\n

\"25mitt-tax-graph\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Mitt Romney further isolated himself talking to a small group of twelve hundred people in the huge stadium where the Detroit Lions play.  I have to say, he looked positively ridiculous in that venue.  But the garbage in his economic plan is ever more absurd than he appeared. Mitt Romney offered a sweeping plan Friday […]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-7240","post","type-post","status-publish","format-standard","hentry","category-politics","category-5-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"_links":{"self":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts\/7240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/comments?post=7240"}],"version-history":[{"count":0,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts\/7240\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/media?parent=7240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/categories?post=7240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/tags?post=7240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}