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.

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

​Screenshots of Emmalynn Schroeder
@emmalyn_schroeder/TikTok

TikToker Goes Viral After Showing How Much Gas Cost When Trump Was Elected Versus Now—And It's Infuriating

TikToker Emmalyn Schroeder has gone viral for tracking gas prices since President Donald Trump was elected in 2024 until now, using her Missouri town as an example.

A week after the 2024 election, on Nov. 12, 2024, premium gasoline cost Schroeder $2.289 per gallon, meaning it took $37.75 to completely fill her car’s tank.

Keep ReadingShow less
Hannah Waddingham
Jed Cullen/Dave Benett/Stella McCartney/Getty Images

Hannah Waddingham Has Parents Applauding Over Her Comments About Why She Eats Junk Food In Front Of Her Daughter

Content Warning: eating disorders, body-shaming, fat-shaming

A lot of Gen-Xers and Millennials grew up in households that celebrated not health, but thinness. The smaller the clothing size and the more prominent the collar bone, the better.

Keep ReadingShow less
Mike Johnson; Donald Trump
Andrew Harnik/Getty Images; Kevin Dietsch/Getty Images

Mike Johnson Gets Blunt Factcheck After Fawningly Praising Trump's Negotiating Skills With Iran

House Speaker Mike Johnson was swiftly fact-checked after he claimed in a tweet that President Donald Trump is the "ONLY one" who could bring Iran to the negotiating table amid the ongoing war.

Johnson published his post after Trump announced earlier in the day that a “peace” agreement with Iran had been “largely negotiated” following conversations with several world leaders. Trump said the proposed deal, which he described as still awaiting final details, would be announced soon and would include reopening the Strait of Hormuz.

Keep ReadingShow less
Jennifer Combs discusses her arrest during an interview with FOX 4 Dallas-Fort Worth.
FOX 4 Dallas-Fort Worth/YouTube

Texas Woman Speaks Out After She Was Arrested And Charged With Felony For Posting About Toxic Water Supply

When Jennifer Combs posted photos and concerns about the water coming from her Texas home, she says she was trying to warn her neighbors. Weeks later, she found herself facing a felony charge. Now, Combs is speaking out and suing the city, arguing her arrest was retaliation for drawing attention to problems with Trinidad's drinking water.

Combs was arrested on May 8 and charged with felony false alarm or report. The charge stems from a Facebook post on her "Southern Belle Watch" account, where she claimed the city's water issues had led to hospitalizations caused by bacteria.

Keep ReadingShow less
Kevin O'Leary sitting at a table with a focused expression on his face.
The Diary Of A CEO

'Shark Tank' Star Kevin O'Leary Sparks Debate After Calling Gen Z 'Stupid' For Spending Their Money On Pricey Lunches

Living within one's means is more challenging than many people would care to admit.

Indeed, with housing costs continuing to skyrocket, grocery stores upping their prices, and the job market the way it is, far too many people cry happy tears to see their bank account balance increase, or even remain stagnant.

Keep ReadingShow less