Among the many lies that Mitt Romney repeated on Tuesday night was his fantasy/lie that his tax plan will lower taxes and yet not cause the nations budget deficit - which has been going down under Obama - to utterly explode. The Tax Policy Center has again rechecked Romney's supposed tax/deficit reduction plan and it simply CANNOT WORK. As Bill Clinton said during the Democrat Convention, the math does NOT work. The verdict as reported by Salon is in part as follows:
Mitt Romney proposed a tax plan, it didn’t add up, so he tweaked it. Now, a new study from the same people who dismantled his original plan finds the modified plan doesn’t add up either — nowhere near it.
[T]the jury (the Tax Policy Center, in this case) has returned with a verdict: No. Not even close. While it’s difficult to estimate because Romney has provided so few details, even the most generous version of Romney’s deduction cap would raise about only $1.3 trillion — about a quarter of the full cost — according to their new study, which was released yesterday afternoon. And that doesn’t include the additional roughly $2.5 trillion it would cost to extend all the Bush tax cuts, as Romney plans to. So he’s over $6 trillion short for the decade, and starting with a big deficit.
Yet Republicans - including some personal friends and neighbors refuse to open their eyes and face the fact that Romney is lying to them. He's lying to everyone. And should he win, it's not going to be pretty when Americans realize that Romney and his GOP pals have lied to them openly and played them for fools. If Republicans who actually care about the nation are smart, they will be praying that Romney loses and saves the GOP from a possible nightmarish backlash.
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