Three of four GOP candidates would add to deficits
February 23rd, 2012
02:06 PM ET
6 years ago

Three of four GOP candidates would add to deficits

New York (CNNMoney) - Newt Gingrich's economic plan would do a lot of things. But reducing the debt and balancing the federal budget aren't among them.

Same goes for Rick Santorum's and Mitt Romney's economic plans.


Filed under: 2012 • Debt
soundoff (41 Responses)
  1. diridi

    Instead of this, Nationalize all of the Oil Companies. Price of oil goes low....true, true, true, true....

    February 23, 2012 03:01 pm at 3:01 pm |
  2. Jr

    Here is the whole race, it is about the economy and the debt. I hope people are paying attention, Ron Paul is the only one that is going to return us to sound money. The others are just status quo, more of the same, please wake up people we cannot afford any more Obamas...

    February 23, 2012 03:02 pm at 3:02 pm |
  3. Tired and Broke

    Are there any fiscally responsible and solvent countries left on the planet? If so, I'd like to cash out of the USA and move there for retirement before the bottom 50% starts rioting in the streets and trying to kill the people that have been supporting them all these years. As they say, no good deed goes unpunished.

    February 23, 2012 03:02 pm at 3:02 pm |
  4. BLKMANinAmerica

    To MATT: REALLY? 50% don't pay any as in NONE AT ALL federal income taxes? So those 50%ers clearly are not working people or lower income people because if they paid no federal income taxes, this country would have DIED ($ wise) back in 1779. WHAT a joke!

    February 23, 2012 03:03 pm at 3:03 pm |
  5. Chris

    Wow, the cognitive dissonance is strong with this crowd. Three of the republicans are evil and gonna drive up the debt (but obama gets a pass?) and one republican who will actually cut the debt is an evil anarchist. You can't have it both ways.

    February 23, 2012 03:03 pm at 3:03 pm |
  6. diridi

    I told long time ago, just vote "Direct Democratic Ticket" Nationalize all the Oil companies till hit Energy-Efficiency Cars on the road....god bless.

    February 23, 2012 03:06 pm at 3:06 pm |
  7. Durundal

    again I say this, I miss Huntsman and the moderate candidates

    February 23, 2012 03:06 pm at 3:06 pm |
  8. Me

    The country is more centrist and liberal than it is super conservative/far right. That rules out Santorum and Paul. Santorum may pull off becoming the GOP nominee, but he can never win against Obama because he is too conservative. I typically vote Repub, but if Santorum is the choice, I will be supporting the Dems this cycle.

    February 23, 2012 03:08 pm at 3:08 pm |
  9. The Elephant In The Room

    The only administration to run a SUSTAINED surplus in the past 20 years was a DEMOCRATIC one under the guidance of Bill Clinton. In `98 we had a $88B surplus; in `99 it was $122B and in `00 it was $230B.

    All republican administrations have done is to transfer wealth . . . through "trickle-down" tax policy for "job-creators" . . . FROM the middleclass TO the wealthy.

    Want to close the budget gap? Raise revenues through Obama tax reform. Reduce spending through Obama re-alignment of the industrial military complex spending [i.e. FEWER WARS],

    Higher wages for American workers by way of policies that REQUIRE corporations that want to SELL in Americ to MAKE the products in America. You can replace the words "make corporations" to " incentivize corporations" if that makes you feel better. But the bottom line is that if products are made HERE, each dollar of sales will circulate MORE in American hands, raising our GDP and therefore our tax revenue; which funds our governmental activities [regardless of spending priorities].

    February 23, 2012 03:09 pm at 3:09 pm |
  10. vic , nashville ,tn

    GOP never had good economy plan

    February 23, 2012 03:11 pm at 3:11 pm |
  11. knowndoyen

    Yes why no Obama plan? It would be just one line. His overall increase to the debt 11 trillion or more, 136% of the GDP. It is a clear choice. The Republican plans all of them are better than Obama's. Also you will see Obama waking up and saying I better start something. Example when our gas prices went up last time to about $4 a gallon he did nothing, but now that he has a to campaign for a second term he will lie and claim he was always looking out for us. Obama where is the HOPE you promised. Look at the 24 million plus unemployed and tell them just vote for me and I will give you HOPE. One last thing Obama and his camp are really afraid of Romney how much have they spent on Primary ads to go after him?

    February 23, 2012 03:11 pm at 3:11 pm |
  12. jesse james. take them to street and shoot them like the dogs they are

    What do you expect when they cut taxes for the rich.trickle down economics.take them to .

    February 23, 2012 03:23 pm at 3:23 pm |
  13. Ben

    I'm always amused by the economic and political illiterates who claim Ron Paul's going to do damage because he's cutting spending. First, he's not cutting medicare or medicaid; he's putting them into block grants for the states to handle. Second, he's cutting corporate taxes by around 20%, so corporations will be flooding in (along with many, many new jobs), and don't forget about the new corporations being made natively from this process. Third, he'll be cutting five departments that have little to nothing to do with the rest of the economy (and leaving the valuable bits to be swallowed by other departments). This means less spending, less taxes, more spending power to the people, and more likelihood that employment will happen. And next time you think about the poor's dependency on the government, check out the Free Rider Problem in economics, as well as the Tragedy of the Commons. The combination of these two economic realities has driven us further and further into deficit.

    February 23, 2012 03:27 pm at 3:27 pm |
  14. Me

    Why does the media hate Ron Paul. Of all the remaining contestants he is the most serious. No way I would vote for him but the fact that the media treats him like a red headed step child is beyond obvious and the pale...what's wrong with you poeple?

    February 23, 2012 03:36 pm at 3:36 pm |
  15. Malory Archer

    Jason, you state that you wonder what the streets are going to look like "when our government goes bankrupt and stops writing welfare checks". Did you ever stop to wonder what the streets would look like if one of the four remaining clowns in the GOP clown car got elected and stopped writing welfare checks? Do you believe the end result would somehow be different?

    February 23, 2012 03:37 pm at 3:37 pm |
  16. Marine veteran for Ron Paul

    Ron Paul has my vote

    February 23, 2012 03:39 pm at 3:39 pm |
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