Monday, Oct. 15, 2012 | 2:01 a.m.
So far, Paul Ryan and Mitt Romney have failed to explain how their deficit reduction plan works.
Their plan significantly cuts government revenue with tax reductions, but the plan doesn’t specify which loopholes or exemptions would be eliminated in order to completely offset the lost revenue. The plan needs to show all of the simple debits and credits. For example, specify the savings for the government divisions and programs that would be cut.
They also need to tell us exactly where all the new jobs will come from, especially when they would cut more government workers. In this highly competitive economy, most American corporations make hiring, purchasing and even company location decisions based on global options, rather than on the needs of our country.
I do not buy the argument that a narrow-focused, cutthroat businessman would be more qualified to deal with complex, diverse foreign and national issues any more than an “amateur” referee is qualified to be a pro NFL referee. The economy is continuing to improve under President Barack Obama despite self-centered Republican obstructionism.
The previous Republican administration spent us into the red big time, so if today’s Republican candidates have their own comprehensive, restorative plan, they owe us more than “trust me.”