Romney comes out against debt ceiling agreement
August 1st, 2011
10:46 AM ET
11 years ago

Romney comes out against debt ceiling agreement

Washington (CNN) - Republican presidential frontrunner Mitt Romney is coming out against the debt ceiling deal reached late Sunday by the White House and Congressional leaders.

In a statement Monday, the former Massachusetts governor said he opposes the framework because it calls for a special Congressional committee that will consider tax increases and cuts in military spending.

That plan, Romney said, "opens the door to higher taxes and puts defense cuts on the table."

"President Obama's leadership failure has pushed the economy to the brink at the eleventh hour and 59th minute," Romney said. "While I appreciate the extraordinarily difficult situation President Obama's lack of leadership has placed Republican Members of Congress in, I personally cannot support this deal."

For weeks, Romney has avoided weighing on the specifics of the debt ceiling negotiations between political leaders in Washington, drawing scorn from Democrats and his Republican presidential rivals.

Romney did support the "Cut, Cap and Balance" legislation that would have dramatically slashed federal spending and forced a vote on a balanced budget amendment to the Constitution.

That plan passed a House vote but was dead on arrival in the Senate.

His opposition to the debt agreement puts him on the same side of the issue as Minnesota Rep. Michele Bachmann, the GOP candidate nearest to him in the polls.

Filed under: Debt • Deficit • Mitt Romney • President Obama
soundoff (62 Responses)
  1. thomas

    Why didn't any of Mitt's five sons do any military service ?

    Maybe its more cost effective to send others sons and daughters

    August 1, 2011 12:01 pm at 12:01 pm |
  2. John

    If I ever had any doubt that Romney was an amoral opportunist with no principles, someone who is capable of just about anything in the quest for power, those doubts are settled.

    August 1, 2011 12:03 pm at 12:03 pm |
  3. Babe

    Once more, Romney shows us that he is just another suit. He panders, he procrastinates, and he ponders what to him is imponderable. Romney may look like a scholar next to some of the other Republican candidates (Huntsman excepted), but we have done much better with Obama than Romney could ever do. Obama is thus far the most underrated president in my lifetime-much as Reagan is the most overrated!

    August 1, 2011 12:04 pm at 12:04 pm |
  4. ART

    Well what do you expect he thinks the government was one of those companies that he could canibalize after they start failing, just like he has done with all those other companies that made him his wealth. I guess he wanted the government to go bankrupt just like he wanted GM. Way to go Mittens just let everthing go to crap.

    August 1, 2011 12:05 pm at 12:05 pm |
  5. Four and The Door

    Although I am glad the deal ended up being so reasonable, I do understand Mitt's statement. Unfortunately, it is not him in the White House yet and America is going to have to take what it can get for another 17 months. I think what we got out of this could have easily been much worse. Fortunately at least we have Speaker Boehner standing up for the taxpayer, the unemployed and the future of the country. John Boehner has been very successful this year.

    August 1, 2011 12:05 pm at 12:05 pm |
  6. Rich

    You can pretty much flip a coin for what side of any issue this guy will come down on. How can anyone trust him?

    August 1, 2011 12:10 pm at 12:10 pm |
  7. Mike from MN

    If you examine all the new spending that Obama has authorized with his signature in his first 2.5 years, you will see that it is really only about $204B. This is of course minus the stimulus spending and tax cuts Obama was FORCED to enact in order to save the economy from the Great Recession (2008).

    Many of the Bush/GOP bills from the last 10 years are perpetual. Like the Bush tax cuts, two wars, and prescription drug plan for seniors. So they are still being added to the deficit every day! Since Bush left office, his policie

    August 1, 2011 12:14 pm at 12:14 pm |
  8. Indy

    Romney come lately is just another Republican that would never say yes to anything that might help the country, and take notes that everyone that is against doing the right thing will never get elected or re elected. If you are for raising the debt ceiling with a balanced approach which includes the end of what caused the mess (Bush Tax Gifts to wealthy) then you are for America, and if you are against fixing this with balance you are against America.The deficit will never be resolved in a hundred years if the Bush tax breaks are not ended.There is no math in the world that will tell us anything different.

    August 1, 2011 12:14 pm at 12:14 pm |
  9. Beverly - NYC

    Romney has bee MIA under a rock since this all began now he ventures out to give the same tired sound bites. More military and less taxes. Thanks Mitt now crawl back under the rock you canme out of.

    August 1, 2011 12:19 pm at 12:19 pm |
  10. Buzzwad

    Small government and the largest national defense (offense) on the planet? I want my cake and eat it too! We spend more money on national offense than the next 25 countries combined! Uncle Sam needs to start keeping his big nose on Sam's side of the fence!!!

    August 1, 2011 12:20 pm at 12:20 pm |
  11. Pam

    You are not a member of Congress so no one gives a hoot what you think!
    (and of course we all know that as a very rich man, you will always oppose having to pay any income tax!)

    August 1, 2011 12:22 pm at 12:22 pm |
  12. John L.

    Does Mitt know the meanings of the words" leader" and " courage"? Clearly,he does not.!! His failure to speak with any precision on the debt crisis demonstrates the type of leadership we can expect if he becomes President. In my view he is the worst of all politicians– a person who fails to articulate a position on an issue and then criticizes the product of those who do. I hope this is a huge political miscalculation by Romney and that his candidacy now goes into a fatal eclipse–he is a a perfect example of a" profile in political cowardice."

    August 1, 2011 12:30 pm at 12:30 pm |
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