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Mitt, you have a revenue problem.

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Republicans like to say we don't have a revenue problem, we have a spending problem. We don't need to tax more, we need to spend less. Sure, sure, and how exactly are they going to cut spending?

According to Mitt Romney on October 22: "First of all, we're going to cut about 5 percent of the discretionary budget excluding military."




To which I say: bwah ha ha ha ha ha. The budget he wants to cut by 5% is $623 billion. The deficit is $1.3 trillion. Don't stop at 5%, Mr. Romney. With no new revenue, you could cut 100%—the entire non-defense discretionary budget, every last dollar of it—and still end up with a deficit of $677 billion.

On top of those cuts, you could also cut the entire budget for welfare and Medicaid and still end up with a deficit of $117 billion.

Since Romney has promised not to cut defense, but rather to grow the defense budget, and since he has promised to restore every single dollar of wasteful spending in Medicare overpayments* that Democrats cut through the Affordable Care Act (ACA), and since he only wants to cut non-defense by 5%, well, the math doesn't lie: Mitt Romney has a revenue problem.

*spending for things like taxpayer-funded gym memberships. Don't worry, seniors, Mitt has promised to give you back your gym coverage!
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