\Last month, an RNC spokesperson admitted that Mitt Romney’s economic plan would be just a ramped up version of the George W. Bush model. Apparently, that economic plan also includes military spending on an unprecedented level.
According to Mitt Romney’s own website, he intends to increase military spending to the tune of $2.1 trillion or 4% of GDP over the next decade. The Center for a New American Security reports that Romney’s military budget could actually soar to more than $2.3 trillion if that jump to 4% of GDP were immediate.
But let’s face it, this is hardly a plan to balance the budget as Mitt Romney claims. The current military budget stands at approximately $1 trillion, which is a mind blowing amount to think about. Under Romney’s plan, military spending increases would blow up the national debt. Why? Because Romney has absolutely no plan to pay for it. Romney’s economic model is the Bush plan on steroids, which means he wants to not only continue the Bush Tax Cuts, he wants to slash taxes even more for the wealthiest Americans. In other words, Romney is increasing spending while dealing a death blow to critical revenues that would be used to fund his spending. So how can Romney pay for this? What is he not revealing to the American electorate about his plan? To find the answer, all we need to do is look at what has been transpiring in the Republican controlled US House of Representatives.
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