Analyst: Romney plan would boost Pentagon budget by $2 trillion - The Hill's DEFCON Hill
I wonder if he'll get the money from lower taxes on corporations. Maybe he can just gut social security and medicare. After all, you didn't build that. You do stuff on your own.
Romney wants to cut marginal tax rates on income by 20%. He wants to eliminate the estate tax and the Alternative Minimum Tax. And he wants to cut the corporate tax rate by 10 percentage points.
That's a lot of tax cutting. Yet Romney insists his plan will be revenue neutral -- that is, the government will collect just as much in taxes.
Romney on deductions: I'll tell you later - Economy
Good luck, Mitt. America needs a larger military. What for? Hell if I know, but we're glad you'll have us ready with a bigger military for "Something."
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Any look at the statistics will demonstrate the absurdity of their claims.
In 2011 the United States spent $698 billion on defense.
That is 43 percent of the world’s share. China was number two, at $119 billion. Every other country in the top ten military spenders, except for Russia, was an ally. Russia and China combined, at $178 billion, spent vastly less than the United States.
So which enemy is challenging us for global supremacy? How could the sequestration cuts of $500 billion over ten years, as we wind down the wars in Afghanistan and Iraq, possibly make us unable to defend ourselves? Romney doesn’t say, because he does not have an answer.
http://www.thenation.com/blog/169110...p-defense-cuts#
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