Romney: ‘If You Just Cut…As You Cut, You’ll Slow Down The Economy’

Posted on

"Romney: ‘If You Just Cut…As You Cut, You’ll Slow Down The Economy’"

During an event in Michigan today, GOP presidential hopeful Mitt Romney — in response to a question about the Simpson-Bowles fiscal commission — admitted that budget cuts slow down economic growth. “If you just cut, if all you’re thinking about doing is cutting spending, why as you cut spending you’ll slow down the economy,” he said. Watch it:

This, of course, flies in the face of the conservative belief that budget cuts will boost economic growth. And already, conservative activists have attacked his statement. “It’s hogwash. It confirms yet again that Romney is not a limited government conservative,” said Andy Roth of the ultra-conservative Club for Growth. Of course, as we noted last week, data from the real world debunks the GOP’s austerity ideology — and evidently Romney agrees.

« »

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.