Romney to give spending, deficit speech Friday
October 13th, 2012
11:24 AM ET
6 years ago

Romney to give spending, deficit speech Friday

(CNN) - Republican presidential nominee Mitt Romney will deliver a speech on government spending and the deficit on Friday, a source familiar with the speech said Saturday.

Romney has hammered President Barack Obama over government spending, the federal deficit, and national debt repeatedly, on the campaign trail, in ads, and at the first presidential debate.

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"The amount of debt we're adding, at a trillion a year, is simply not moral," he said at the first debate.

"The president said he'd cut the deficit in half. Unfortunately, he doubled it," Romney said. "Trillion-dollar deficits for the last four years. The president's put it in place, as much public debt - almost as much debt held by the public - as all prior presidents combined."

A CNN/ORC International poll found two-thirds of debate-watchers thought Romney won. Of people who watched the debate, 55% thought Romney would handle the economy better than Obama (who scored 43%), and a majority of debate-watchers thought Romney would better handle the deficit, too - 57% to 41%.

The source did not say where Friday's speech will be and refused to speak on the record because the speech has not been publicly announced.

Several weeks ago, CNN chief political analyst Gloria Borger reported Romney’s campaign was considering scheduling several key speeches on various topics, as aides tried to refocus the campaign and as it tried to sharpen Romney’s differences with Obama. On Monday, the GOP candidate delivered a major foreign policy speech criticizing the Obama administration.

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Filed under: 2012 • Debt • Deficit • Mitt Romney
soundoff (56 Responses)
  1. Thomas

    @truth hurts
    Meanwhile Obama talks about the truly important issues threatening the country.... Big Bird.

    Time to flush this truly worthless leader from behind down the toilet and MOVE ON AMERICA. This country needs a REAL LEADER and his name is Romney.


    Yes we need a true leader , a great leader , a role model for our children .

    Mitt Romney , five sons all avoided volintary military service during times of war , wars they supported .

    October 13, 2012 12:43 pm at 12:43 pm |
  2. Claudia, Houston, Tx

    My gut instinct tells me Romney/Ryan's hands will be tied on day one because they have made their commitment to big money donors and that will increase the deficit. I don't trust a word coming from his mouth, I'd rather hear the truth coming from his big money donors.

    October 13, 2012 12:43 pm at 12:43 pm |
  3. Cano


    Romney will have to explain how he will pay for his massive tax cuts. Planned Parenthood and Big Bird won't cut it. Bush already tried that.


    October 13, 2012 12:44 pm at 12:44 pm |
  4. Thomas

    I was just watching Fox News , they said 4 of Mitt Romney's five sons fought in the First Battle of Fallujah back in 04 using Alias names .

    Is this true ?

    October 13, 2012 12:50 pm at 12:50 pm |
  5. Namejkane sfl a vote for lady parts romney the tax cheat and lyin lady parts ryan willcut your moms medicare and soc sec . .can you afford to pay for them???

    Kind of odd the these gop goofball canadated what till three weeks before the election to come up with any position on any issue .romney. the lyin Mormon tax cheat has been runing for president for about ten years and he still won't get elected . Do us all a favor and get lost after you lose

    October 13, 2012 12:56 pm at 12:56 pm |
  6. rs

    truth hurts-

    There you go again- who brought up Big Bird in the last debate? Who claimed that getting rid of NPR/PBS (which is less than 0.0001% of the federal budget) would balance the budget and allow a $2 trillion increse in Defense spending?
    Your candidate can't add! His plan doesnt balance the budget and he got caught lying yet again. Pathetic!

    October 13, 2012 01:09 pm at 1:09 pm |
  7. 2020

    Romney getting desperated. Another speech full of hot air ballon.

    October 13, 2012 01:25 pm at 1:25 pm |
  8. dan

    Even if you only isolate debt held by the public as Romeny tries to do here it still .has not doubled under this adminsitration. I know he is doing this because he got nailed on the fact check sites for saying total debt had doubled, when it was half that much but even just picking out "public" debt it still has not doubled. Also, of the last four years that had trillion dollar deficits, one of them was Bush's. The CBO said we were already on track for a 1.186 trillion dollar deficit before Obama took office. Since we can't cut spending or raise taxes in a recession, we hav been stuck with it until now. But romney only proposes more tax cuts and increasing spending for defense – so that certainly does not cut deficits even if he majically finds a way to pay for his tax cuts though cutting deductions – then we simply end up right where we started. Besides – how does being deficit neutral grow an economy if you belive that cutting revenue grows and economy? If you are claiming no actual revenue will be cut – so it won't hurt the deficit and debt-then how is this a plan to grow jobs? How does it decrese the deficitespecially when you are also in creasing spening -Makes no sence.

    October 13, 2012 01:38 pm at 1:38 pm |
  9. Ancient Texan

    Yonni- And Bill Clinton was where during the Vietnam War? He ran away to England. What branch of the service was Obama a member of? Romney ONLY bought TROUBLED companies that were going toward bankruptcy and saved most of them....,TELL the TRUTH.

    October 13, 2012 01:42 pm at 1:42 pm |
  10. WhereIsPalin

    Anybody but Obama?? Be careful what you ask for.

    RYAN / romney 2012

    October 13, 2012 01:53 pm at 1:53 pm |
  11. DPV300

    Romney is never good at math, he is excellent in lying.

    October 13, 2012 01:56 pm at 1:56 pm |
  12. CBR

    The man who has off-shore accounts and money in the Swiss banks is now going to tell us about the economy. We need him to tell us why he supported the idea to move jobs overseas and the idea for outsourcing. If your job went overseas then you should be out in force asking him to explain this.

    Bain handled mergers and take-overs of companies large and small. Mr. Romney touts his business sense yet he and his company helped many to lost their jobs. They did nothing to get them new ones or to provide training for these employees to find new jobs.

    HE is not going to be much different as president. He and Ryan will create budgets that will not be helpful to the 47%. They are not for fair wages or for any worker rights. We will go backwards and not forwards and the employees will suffer and certainly not the owners and shareholders.

    October 13, 2012 02:09 pm at 2:09 pm |
  13. NVa Native

    Romoney is a sad and painful joke.
    He wants you to trust him because he;
    has business experience?
    has a MBA from Harvard?
    is a religious man?
    he was a Governor?
    he wants to put the conservative agenda into national policy?
    he claims to not want to increase the size of government?

    We had all of that under Bush – and look how horribly Bush screwed up our country.
    Insanity is doing the same thing over and over while expecting a different out come – insanity is anybody voting for the GOP.

    October 13, 2012 02:40 pm at 2:40 pm |
  14. Donkey Party

    lance – The President is the only one that is talking seriously about the debt and unemployment, and illegal immigration is at record lows, and deportations are at record highs. Since you low-info, low-intellect right-wingers don't deal in facts and reality, you'll remain in your delusional world of fiction believing everything Fox News spews out. Rick Santorum said the GOP will never attract smart voters, it's clear he was honest about that fact.

    October 13, 2012 02:45 pm at 2:45 pm |
  15. Donkey Party

    truth hurts – Romney a "real leader"? Do you know how stupid that comment is? Rodney won't take a stand on ANYTHING. He is nothing but a draft-dodging tax-cheat, a puppet for the extreme right-wing.

    October 13, 2012 02:48 pm at 2:48 pm |
  16. Anthony

    Romney is a shape-shifting politician who was a "severe" conservative in the Republican primary and a Massachusetts moderate at the debate. He is a used car salesman who is peddling the same old Bush policies (more tax cuts, less regulations) that were not working under Bush.

    October 13, 2012 03:03 pm at 3:03 pm |
  17. kwame

    This Romney Guy is a Joke ...No he will do everything to become president except he will not release his taxes.

    October 13, 2012 03:06 pm at 3:06 pm |
  18. Bootstomper

    Romney is one freighting person. Well at least he got Lindsay Lohans endorsement.

    October 13, 2012 03:29 pm at 3:29 pm |
  19. O

    Vote your pocketbook, twinkletoes.

    October 13, 2012 03:51 pm at 3:51 pm |
  20. townie

    ...yeah, the guy talks and talks and flips and flops!

    October 13, 2012 04:04 pm at 4:04 pm |
  21. Jill-IN

    Why hasn't the GOP ever talked about how to pay for the wars they start.

    October 13, 2012 04:55 pm at 4:55 pm |
  22. Jokers

    I remember the Bush/Gore debates and how Bush was promising the world and not giving an ounce of detail as to how he would do it.He was just throwing stuff out there and knew many would bite. Mitt has a bunch of former Bush advisors and he's following the same game plan to a T! Mitt is Bush on steroids, and God help us if this empty suit gets to the WH!

    October 13, 2012 05:14 pm at 5:14 pm |
  23. GI Joe

    Romney is a pathological liar that will promise more, bigger, better, and it won't cost you a dime. ha ha ha ha ha ha ha ha

    He's talking to the 1%.

    He's sickening.

    October 13, 2012 05:49 pm at 5:49 pm |
  24. Randy, San Francisco

    Expect more of the same trickle down economics. Bleed the middle class dry to lower taxes for the rich. Romney hates the 47% and favors the 1%.

    October 13, 2012 05:59 pm at 5:59 pm |
  25. LegalizeReason

    Trillion dollar deficits are what you get Mr. Romney when you cut taxes and keep pumping money into needless and useless wars. Speaking of immoral, pleae explain how you will cut the deficit by cutting taxes another 20% and increasing the defense budget. What America would get is a repeat of Bush/Cheney which ran up the deficitit the first place.

    October 13, 2012 07:54 pm at 7:54 pm |
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