Well because, if you take a trillion dollars for instance, out of the first year of the federal budget, that would shrink GDP over 5%. That is by definition throwing us into recession or depression. So I’m not going to do that, of course.So Romney says cutting spending too fast can harm economic growth. One wonders, then, why he has criticized Obama for not cutting spending faster. Does he think Obama should have slowed the economy by cutting spending more over the past three years?
He goes on to advocate a system of small cuts in the short term with longer term cuts. Which is, honestly, absolutely 100% the correct strategy. And it's also exactly what Obama has been doing over the past three years. Spending has risen more slowly during Obama's presidency than any other recent administration, including Saint Ronald.
This is yet another example of an area where the President has been following what both sides would agree in their more sober moments is the proper strategy. I continue to be confident that the irrational, reflexive hatred of Obama will wither away once people really start paying attention to politics again.