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

Screenshot of Kellyanne Conway; Donald Trump
Fox News; Kyle Mazza/Anadolu via Getty Images

Kellyanne Conway Just Tried To Claim Trump's Divisive Speech On The National Mall Was Actually 'Inclusive'—And The Delusion Is Real

President Donald Trump's former White House counselor Kellyanne Conway was criticized after she praised his speech on the National Mall on Wednesday night by claiming on Fox News that Trump extended an "olive branch" to people who didn't vote for him.

Trump's remarks themselves resembled a campaign rally more than the unifying and "inclusive" celebration organizers had promised. Within minutes of taking the stage, he criticized former President Joe Biden without mentioning him by name, declaring that the United States had recently been "a dead country" before claiming it had become "the hottest country anywhere in the world."

Keep ReadingShow less
Screenshot from @kelseycorky's video; AMC Theatres
@Kelseycorky/TikTok; Sheldon Cooper/SOPA Images/LightRocket/Getty Images

Woman Sparks Debate With Video Calling Out AMC Theater Conditions After Paying $60 To See Movie

Going to the movies after school or at the end of a long week was a favorite pastime for Millennials and Gen-Xers.

Until the pandemic, it was a pretty affordable experience, assuming the moviegoer was mindful about their purchases at the concessions stand.

Keep ReadingShow less
Toddler receiving red card on soccer field
@EpicClipVault

Little Boy Gets Red Card After Crashing Older Brother's Soccer Game In Hilarious Viral Video

The FIFA World Cup is in full swing in the United States, and like every other year, there's a healthy dose of cards getting thrown for bad or questionable plays.

But adorably, one team of young players was interrupted by an excited future soccer player.

Keep ReadingShow less
Woman stood up and blocked by date
@raphousetv2/X

Woman Speaks Out After Realizing After 45 Minutes That Her Date Dined And Dashed On Her In Viral Video

Not every first date is going to turn into a relationship, and not every relationship is going to last.

In fact, a person can end a date, friendship, or relationship for any reason that they want—though preferably, they'd be honest about it and not keep the other person guessing.

Keep ReadingShow less
Jo Frost
@jofrost/Instagram

'Supernanny' Star Speaks Out With Warning To Parents Who Aren't Allowing Their Kids To Learn Basic Life Skills In Viral Video

Jo Frost, a global parenting expert and a British TV personality known for starring on the hit reality show Supernanny, has finally spilled the tea on something she's needed to talk about for a long time: how children are growing up less and less prepared for adulthood.

In a video she initially shared on Instagram, Frost looks apprehensive at first, clenching her hands as she prepares the viewer:

Keep ReadingShow less