For a man whose presidential campaign is based almost exclusively on his economic knowledge and experience, Mitt Romney is having an awfully hard time figuring out how to make this budget of his add up. Ben Adler reports:
Publicly, Romney has proposed to make the Bush tax cuts permanent and to then cut taxes further. He also wants to increase defense spending. In total he would reduce federal tax revenues by $5 billion over the next ten years. The Committee for a Responsible Budget estimated that Romney would add $2.6 trillion to the deficit. He has promised to cut spending as well, but he has avoided mentioning credible specifics.
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