Obviously people do not know how to analyze budget details. Last year Obama offered a "grand bargin" that would have cut spending by $10 for every $1 in tax increases. That was turned down. Obama signed into law "sequesteration" which does not renew any of the temporary tax cuts while cutting $1 trillion in spending. Obama now has a proposal, stalled in the House that would return the tax rate for those with earnings above $200-250,000 to what they were during the Clinton years. All of these would make a very significant reduction in the budget deficit. And what has Romney proposed? Well, some talking points that he calls principles that cannot be scored by CBO so we don't have a clue, really.

This quote is from Romney spokeswoman Tara Wall. "the campaign has laid out a number of specifics relative to the principles that will guide the policies of a Romney-Ryan ticket".

So, there you have it. A concise summary of the Romney budget. Now if you can tell me what it means you are a better person than me.

http://thinkprogress.org/economy/2012/09/10/820061/romney-loophole-energy-independence/

Edited to add link where quote was taken from.

Take out Schedule A. Draw a line through everything except Charitable Contributions, and those will probably be restricted to churches, hospitals and schools.

Then draw a line through ALL social spending including Medicare and Social Security.

You now have the Romney economic plan in a nutshell. The problem is, if Romney goes out and campaigns on a plan to kill your mortgage deduction, your health insurance deduction and your educational deduction, he'll lose Idaho. And he knows it. Therefore, the intent is to talk about "closing loopholes enjoyed by the upper class" until he gets sworn in, and then we find out what he wants.