Thursday, August 16, 2012

Mitt Romney: Slash Amtrak, PBS Funding, But Give Tax Breaks to The Wealthy!



In more insane news from the Romney/Ryan camp that is again out of touch with reality
and most of the American people (as in the 99% I would think) The Huffpost reports
the following:

"Romney's campaign has insisted that they can trim federal spending enough to achieve fiscal balance, but in the Fortune interview, the items Romney pinpointed appeared to be low-hanging fruit.

Romney identified subsidies for Amtrak, PBS, the National Endowment for the Arts and the National Endowment for the Humanities as things he would eliminate. The government spends $444 million a year on the Corporation for Public Broadcasting (the parent organization of PBS); Amtrak received $1.56 billion in federal funding in 2010, with $1.3 billion in stimulus funds; while the National Endowment of the Arts lists the current level of federal funding at approximately $146 million.

Romney said he would block grant Medicaid and send programs like housing vouchers and food stamps back to the states. This, he argued, would save the federal government "approximately $100 billion a year within four years" (the House GOP budget claims to save $771 billion over 10 years). It would also mean dramatic cuts to each of these programs, as states are already dealing with major budget shortfalls.

Romney also told Fortune that he would reduce the number of federal programs by 10 percent through attrition, while tying the compensation of federal workers to that in the private sector. "That saves about $47 billion a year, by the way," he said.

All told, the savings that Romney identified for Fortune would add up to roughly $750 billion over 10 years (depending on the baseline comparison). On Monday and Tuesday, Romney announced that he would restore roughly the same amount ($718 billion) to Medicare as part of his plan to repeal the health care law President Barack Obama put in place."

You can read the full article here:

huffingtonpost.com

Wow, just wow! How out of touch with reality can Romney get?

Oe the American people, most of them anyway?

I'm at a loss for words right now...

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