“Rick is right” said Willard Mitt Romney before going on, “I know something about balancing budgets. In the private sector you don’t have a choice, you balance your budget or you go out of business. And we simply can’t say we are going to go out and borrow more money to let people set-up new accounts that take money away from social security and Medicare today, therefore, we should allow people to have a voluntary account, a voluntary savings program tax-free, that’s why I’ve said anybody middle income should be able to save their money tax-free. No tax on interest, dividends or capital gains. That’ll get Americans saving…without threatening the future of American’s vitality buy virtue of fiscal insanity.” WMR at Fox SC Debate.
Cf. When Mitt Romney Came to Town, see also “Vulture Capitalism” R. Perry, Tx) to see that he just described why his finance history is wrong.
Mitt’s Bain Capital did as Mitt just said not to do. He simply said, we will take this company and “we are going to go out, borrow it more money, and let it’s people (read us) set-up new accounts that (we then) take money away from [retirement] today…
Sure, I made some changes, but the spirit captured here is clear, no? I mean didn’t he just flip-flop again at the MLK Fox Republican Presidential Debate – flip from what he did at Bain to companies (bad) and flop to what he just said (less bad, but bad). Can we believe anything but that he will do the same from any office he may hold without folly. Thus if he, much as Haliburton and its previous CEO combined to war-profiteer, if he stuck with his BC Partner MOUs, then he would crony exponentially the ineffective mass of necessary faith-holder apportunists and more groups would join the long and growing line of gamers taking from Peter and not passing to Paul. Hmm, should the buck stop here when it comes to the buck or is economic motion\ vitality change that to the the bucks pass form me through you to…