February 21, 2012 by David K. Sutton
Spending Cuts Hurt Economy: Romney’s Moment Of Clarity
Mitt Romney had a moment of economic clarity today that is in direct violation of conservative credo. At a campaign event in Michigan, Romney said, “If all you’re thinking about doing is cutting spending, why as you cut spending you’ll slow down the economy.”
Republicans repeat the mantra that the budget deficit is hurting the economy. They say if we cut government spending it will help the economy grow. This is an absurd belief. Think about it for more than a few seconds, with a clear mind, and I can’t see how anybody would believe that cuts to programs that aid the poor and help the middle class stay afloat will have anything but a negative influence on the economy. If you cut government spending and cause financial hardship for millions of Americans, that is, millions of consumers, it’s going to hurt the economy.
When the economy is strong, that is when it’s time to tackle the deficit and long-term debt. In the meantime, government spending is how you grow your way out of a bad economy.
There was a moment of clarity today within the ranks of the Republican Party. I expect Mitt Romney will be handing in his GOP membership card no later than noon tomorrow.