Skip to content
Search AI Powered

Latest Stories

Mitt Romney Just Called Out the Republican Party for Their Deficit Hypocrisy, and the Internet Is Cheering

Mitt Romney Just Called Out the Republican Party for Their Deficit Hypocrisy, and the Internet Is Cheering
OGDEN, UT - FEBRUARY 16: Candidate for senate Mitt Romney tours Gibson's Green Acres Dairy on February 16, 2018 in Ogden, Utah. Mr. Romney is running for a U.S. Senate seat from Utah, currently held by Sen. Orrin Hatch, who announced his retirement after the current term expires. (Photo by Gene Sweeney Jr./Getty Images)

Accurate.

Make us preferred on Google

Former Republican Massachusetts governor and Utah U.S. Senate candidate Mitt Romney tore into the Republican Party on Monday over the federal budget deficit and national debt, both of which are ballooning under President Donald Trump and the GOP-led Congress.


"Republicans have been shouting about this as long as I can remember. We called for an amendment to balance the budget," Romney said on his Senate campaign website. "Just a few years ago, the Tea Party movement brought new energy to the issue. But now that Republicans are in charge in Washington, we appear to have become silent about deficits and debt."

Romney called out his own party - which has traditionally been on the hawkish side when it comes to budgetary matters - for allowing the deficit to explode and the national debt to continue to surpass a staggering $21 trillion.

"The interest paid last year by American taxpayers on that debt was nearly $300 billion," the 2012 Republican presidential nominee wrote. "Credible forecasts estimate that we will be paying $700 billion in interest in just a few years."

Last month the non-partisan Congressional Budget Office released its findings indicating that the Tax Cuts & Jobs Act combined with increased spending will drive the deficit up to $793 billion by the end of 2018 and will push it to $1 trillion next year – a 20 percent increase over 2017’s $666 billion deficit.

The deficit in 2016 was $587 billion and increased to $666 billion in 2017, Trump’s first year in office.

Over the next decade, the CBO predicts an additional $1.9 trillion budget shortfall, thanks to Trump's tax cuts and additional spending.

Romney added that in 2017, "the government took in $3 trillion and it spent $4 trillion."

"The extra trillion was borrowed from other countries, institutions, and individuals, and we will pay them billions in interest on their loans every year," he said.

Romney finished by saying: "With a booming economy, full employment, a soaring stock market, and record asset values, we should be shrinking the deficit, not growing it."

Twitter joined Romney in slamming Trump and the GOP's resounding hypocrisy.

Romey was not spared some wrath, however, as he is extraordinarily rich and stands to benefit from Republican tax breaks.

Tread lightly, governor.

Calls came in for Romney to campaign on repealing the Trump tax cuts.

And to rein in military spending, which has swelled to more than $700 billion per year - more than ten times what we spend on public education.

Well, there's that too.

Note: The original version said the military budget was more than six times the education budget. It's actually more than 10 times, and this article has been amended to reflect that.

More from People/donald-trump

Erin Brockovich
This Past Weekend with Theo Von

Erin Brockovich Perfectly Lays Out Why AI Data Centers Are 'Pushing People Too Far' In Viral Clip

Self-described "people advocate"—a term she prefers over environmental activist or consumer advocate—Erin Brockovich recently sat down with comedian Theo Von on his podcast This Past Weekend. They spoke about her now adult children, the court case and resulting film that made Brockovich a household name, and what she's done since.

About a third of the way into the hour and a half long sit down, Von noted that what made him want to connect with Brockovich was an article she wrote for her Substack, The Brockovich Report, titled, "If Data Centers Are So Great, Why Are They Being Built in Secret?" which launched her mapping initiative posted on the website Brockovich AI Data Center Reporting.

Keep ReadingShow less
Jens Spahn
Bernd von Jutrczenka/Picture Alliance via Getty Images

Gay Conservative German Politician Resigns After Welcoming Child Via Surrogacy Despite Publicly Opposing It

German conservative Jens Spahn resigned from his position as the leader of the joint CDU/CSU (Union) parliamentary group in the 21st Bundestag after it emerged he and his husband welcomed a child via surrogacy despite openly opposing it.

Per the 1990 Embryo Protection Act, surrogacy remains illegal in Germany, a position long supported by the Christian Democratic Union (CDU), which reaffirmed its opposition earlier this year. While German law allows parents to raise children born through surrogacy abroad, arranging a surrogate within Germany is punishable by up to three years in prison or a fine.

Keep ReadingShow less
Donald Trump; JD and Usha Vance
Saul Loeb/AFP via Getty Images; Anna Moneymaker/Getty Images

Trump Dragged After Posting A Photo Of JD And Usha Vance's New Baby Before They Did

President Donald Trump was criticized after he took to social media to share a photo of Vice President JD Vance and Second Lady Usha Vance's new baby boy Alec to congratulate them before the Vances could even do so themselves.

The Vance family welcomed their fourth child, Alec Neel Vance, who joins older siblings Ewan, 9, Vivek, 6, and Mirabel, 4. Trump later shared a photo showing Vivek holding his newborn brother while Mirabel looks on.

Keep ReadingShow less
Robbie Williams performs live onstage during the Robbie Williams: Britpop tour.
Andreas Rentz/Getty Images

Robbie Williams Offers Hilarious 'Apology' After Viral Clip Sparks Rumors He Was Taking Drugs During World Cup Final

Robbie Williams is putting a viral World Cup mystery to rest after viewers became convinced they had witnessed something far more scandalous than what actually happened.

During an interview with German TV ahead of the World Cup final between Spain and Argentina, a tiny white object suddenly dropped from Williams' mouth onto a magenta T-Mobile microphone.

Keep ReadingShow less
Reid Rasner
@reid.rasner/Instagram

MAGA Wyoming Candidate Dragged After Sharing Ultra-Cringey Video Of Himself Gearing Up To 'Ban Sharia Law'

Wyoming MAGA Republican House candidate Reid Rasner's social media campaign is so unhinged that Wyoming newspaper Cowboy State Daily titled an article about him "Despite His Videos, Wyoming Politicos Say Reid Rasner Campaign Is Not A Parody."

In one of his more viral videos, posted on TikTok, Rasner journeyed to Fort Collins, Colorado, to find a mosque to stand in front of in a too small camouflage vest and oversized MAGA hat to claim he was banning Sharia Law.

Keep ReadingShow less