Romney to give spending, deficit speech Friday
October 13th, 2012
11:24 AM ET
2 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. Craig RB

    Very simple: I would not buy a used car from Romney.

    October 13, 2012 08:30 pm at 8:30 pm |
  2. geggyg

    Yes technically Pres Obama did preside over a doubling of the budget deficit in his first , BUT when he was inaugurated in January the CBO estimated that the budget deficit for the year would be $1.2 trillion and that was solely based on Pres G W Bushs policies , Pres Obama did spend spend some more on bailouts and the stimulus , with the budget deficit ending at $1,4 trilllion, even if Obama the had spent extra on the stimulus , the deficit would have risen because of extra welfare payments for the unemployed , especially in the auto industry

    October 13, 2012 08:31 pm at 8:31 pm |
  3. Mike in Texas

    Romney still can't say when he would balance the budget and how he would do it.
    The problem is, the Romney Plan is based on a perfect storm of pie in the sky best case scenarios. What this means is his plan will fail because nothing is ever perfect.

    Remember, the devil is in the details and Romney won't give those.

    October 13, 2012 10:54 pm at 10:54 pm |
  4. Mike in Texas

    The budget was balanced in the 90's with tax increases and spending cuts.
    The surplus was blown in 2001 because Republicans cut taxes and increased spending....doing a 180 from above.
    Republicans think you can balance the budge only through spending cuts. They sell the old trickle down theory that hasn't worked.
    Even when Obama gave the Republicans a 3 for 1 spending cut to tax increase proposal, the Republicans caved to the Tea Party.

    Romney's plan will either blow a massive hole in the defecit or we will have austerity and the economy will go back in the tank like 2008

    October 13, 2012 10:58 pm at 10:58 pm |
  5. once upon a horse

    Mitt might have to check with his campaign before he makes a public statement....many times he has said things then they have to come behind him and say he didn't really mean that. Plus he can always change it a few days later.......perfect leader don't you think?

    October 14, 2012 12:18 am at 12:18 am |
  6. Facts don't Lie

    "We need a REAL Recovery"? What we need is a party that tells the truth that the economy is slowly on the way back and stop whining and claiming conspiracy theories everytime something doesn't go in their favor. GOP might be changing to mean Grand Old Paranoia

    October 14, 2012 12:35 am at 12:35 am |
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