Mitt Romney clarifying and endorsing Government spending! [View all]

[ErikJ]

I almost cant believe he said this a couple days ago.

I've never heeard it explained this way but this is really a very simple explanation how Keynesian economics works.

Of course the T-Boner and Party is hating this Romney quote.

"Well because, if you take a trillion dollars for instance, out of the first year of the federal budget, that would shrink GDP over 5 percent. That is by definition throwing us into recession or depression. So I'm not going to do that, of course,"



Boehner, by contrast, said cutting spending will spur the economy by giving "certainty" to the business community. "It would lift this cloud of uncertainty that's causing employers to wonder what's next. So dealing with our debt and our deficit are critically important," he said.

http://www.huffingtonpost.com/2012/05/25/romney-spending-cuts-depression-tea-party_n_1545933.html