Are the voters still going to play the fool ?
Mitt Romney's Real Agenda | Politics News | Rolling Stone
The last time a Republican presidential candidate touted an agenda to cut spending, lower taxes, boost defense and balance the budget was Ronald Reagan in 1980. Like Romney and Ryan, Reagan didn't have an actual plan for his spending cuts – they were an accounting fantasy, openly joked about as the "magic asterisk." In the end, as promised, Reagan's tax cuts went through, and the Pentagon's budget soared. But the spending cuts never materialized – so Reagan wound up tripling the debt.
If it didn't work for Reagan, says his former budget director, it would be foolish to assume Romney and Ryan can do better. "The Republican record on spending control is so abysmally bad," Stockman says, "that at this point they don't have a leg to stand on." Indeed, the last GOP administration turned $5 trillion in projected surplus into $5 trillion of new debt.