Idahoans and all Americans have a call to action. We are facing a record $8.6 trillion debt (which is equivalent to $28,855.41 a person). We must get control of our entitlement programs and irresponsible spending. We need a president who is experienced at turning around failing organizations and governments. Mitt Romney is such a man.
How will Mitt save America from the economic crisis we are in? First, he will not raise taxes. According to www.newsbull.com on January 3, 2006, Mitt Romney signed the Taxpayer Protection Pledge. In so doing he promised the American people that he would “(1) oppose any and all efforts to increase the marginal income tax rates for individuals and/or businesses; and (2) oppose any net reduction or elimination of deductions and credits, unless matched dollar for dollar by further reducing tax rates.”
Second, he will not barrow more money.
So if Mitt won’t raise taxes or barrow more money, how on earth can he eliminate the debt.
Americans can look to what Mitt did in the past to see what he will do in the future. For example, as Governor of Massachusetts he eliminated a 3 billion deficit. According to wikipedia in 2003 Mitt worked with the state legislature to cut spending, eliminate waste and duplication, and restructure the state government.
More specifically, an “unexpected windfall in capital gains taxes reduced the deficit by $1.3 billion, and Romney raised an extra $500 million in revenue by increasing hundreds of fees (such as driver’s license and marriage license fees) and by closing tax “loopholes.” The state also cut spending by $1.6 billion, including $700 million in reductions in state aid to cities and towns. In response, cities and towns became more reliant on local revenue to pay for municipal services and schools.”
As a result, “Massachusetts finished 2004 with a $700 million surplus and 2005 with a $500 million surplus”, all without raising taxes or barrowing more money.
“In 2006, the Massachusetts legislature approved a budget that required spending $450 million from the rainy day fund. Even though the state had collected a record-breaking amount of tax revenue in the fiscal year . . . Romney vetoed the transfer of funds . . . . ‘One of the primary responsibilities of government is keeping the books balanced,’ said Romney ‘The problem here is not revenues; the problem is overspending. The level of spending which we’re looking at would put us on the same road to financial crisis and ruin that our commonwealth has been down before.’”
America needs a president who is tough on spending and smart on solutions. We need a president who can pull smart people together and fix problems. America need Mitt Romney. (Thanks to our friends at www.electromneyin2008.com, click here for a related story on David Frum’s Diary about Mitt’s success.)
For more news on current events and information on Mitt Romney’s stance on important issues, please visit his official website at www.mittromney.com.