Jared Bernstein points out the fact that Mr. Romney is a very hard man to pin down as far as where his actual policy will land in the end.
He’s not worried about the poor,— they have a safety net. They’ll be fine. At the same time he agrees that cuts that will take that safety net away from 10s of millions will be necessary. Assuring that the safety net becomes smaller and smaller.
He’s not worried about the rich,— they’ll be fine. But he agrees that tax cuts that will keep hundreds of thousands of dollars in their individual pockets will be necessary. Which in turn will necessitate more cuts in more programs. Again assuring that the safety net he tells you is fine,– shrinks even more.
A little bit of a vicious cycle, I think.
Mar 31, 2012
This NYT editorial makes an important connection. Back when Gov Romney said he wasn’t “concerned about the very poor” I cut him some slack because what he meant was: we have safety net programs to catch them (full disclosure: I did criticize him for policies that would tear holes in that net). In that same interview, he also said he wasn’t worried about the rich—“they’re doing just fine.”
But then the Gov has to go and strongly endorse of Rep Paul Ryan’s budget. This is a budget that shreds the safety net, including Medicaid, food stamps, Pell grants, and more—62% of its cuts ($3.3 trillion over 10 years) come from low-income programs. Tens of millions of the poor and near-poor would lose benefits.
And then Rep Ryan turns around and uses some of those savings to cut taxes on millionaires by $265,000 ($394K if you include the Bush tax cuts, which his budget makes permanent).
As I’ve said before, it’s as if these folks looked at America and concluded that the problem is that the poor have too much and the rich have too little. Which is, of course, the exact opposite of what the Gov claimed: he valued the safety net and didn’t see that the rich needed further help.
Now, according to the NYT, the Gov is “very supportive” of the House R’s budget:
“It’s a bold and exciting effort and it’s very much consistent with what I put out earlier.”
Yes, re consistency. Bold and exciting? Well, I guess that depends which income percentile you’re in.