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India On Media |
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| Politics
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| Obama vs Romney: |
| Obama vs Romney: Some shortcuts with facts
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| UNITED STATES OF AMERICA
, 4-October-2012
10:1:48 AM |
| : President Barack Obama and Republican rival Mitt Romney spun one-sided stories in their first presidential debate, not necessarily bogus, but not the whole truth
Here's a look at some of their claims and how they stack up with the facts:
ROMNEY on cutting the deficit: "Obamacare's on my list. ... I'm going to stop the subsidy to PBS. ... I'll make government more efficient
THE FACTS: Mr Romney has promised to balance the budget in eight years to 10 years, but he hasn't offered a complete plan. Instead, he's promised a set of principles, some of which - like increasing Pentagon spending and restoring more than $700 billion in cuts that Democrats made in Medicare over the coming decade - work against his goal. He also has said he will not consider tax increases.
He pledges to shrink the government to 20 per cent of the size of the economy, as opposed to more than 23 per cent of gross domestic product now, by the end of his first term. The Romney campaign estimates that would require cuts of $500 billion from the 2016 budget alone. He also has pledged to cut tax rates by 20 per cent, paying for them by eliminating tax breaks for the wealthiest and through economic growth
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