FactCheck.org: Romney’s Economic Exaggerations

Republican presidential candidate Mitt Romney claims that his plan would balance the federal budget in eight to 10 years. But so far, he has not made public the details on how he would be able to do that, and one neutral budget expert calls it “an unrealistic goal.”

Also, Romney and running mate Paul Ryan exaggerate when they say “five different studies” prove that all of the stated goals of Romney’s revenue-neutral tax plan could be accomplished without raising taxes on middle-income taxpayers. Two of the five “studies” were blog items. And none of three other studies was nonpartisan: Two were written by Romney campaign advisers and a third was by a former economic adviser to President George W. Bush.

The only analysis we were able to find on the Romney budget plan determined what would happen if he cut spending across the board. The liberal Center on Budget and Policy Priorities calculated that if Social Security isn’t touched, all other non-defense spending would have to be cut by 29 percent in 2016 and at least 47 percent in 2022 to balance the budget.

But the five “studies” aren’t all studies and none of them was nonpartisan. Of the three that could be considered studies, two were written by Romney campaign advisers and a third was written by a former economic adviser to President George W. Bush.

http://factcheck.org/2012/09/romneys-economic-exaggerations-2/

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