Romney Slams GOP for Increasing Deficits

Romney Slams GOP for Increasing Deficits

The GOP has gone “silent about deficits and debt” now that the party holds the White House and Congress, Mitt Romney wrote Monday.

In a post on his campaign website, the Utah GOP Senate candidate and 2012 Republican presidential nominee wrote that “credible forecasts estimate that we will be paying $700 billion in interest in just a few years.”

“The interest paid last year by American taxpayers on… debt was nearly $300 billion,” Romney wrote. “To put our interest payment in perspective, it’s about 20 times as much as a wall facing Mexico would cost, and approximately 40 percent of our total military budget.”

Romney said “with a booming economy, full employment, a soaring stock market, and record asset values, we should be shrinking the deficit, not growing it.”

“Republicans have been shouting about this as long as I can remember,” Romney added.

“We called for an amendment to balance the budget. 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 is expected in November to win the seat being vacated by the retiring GOP Sen. Orrin Hatch in Utah, where President Donald Trump’s approval rating has dropped 29 percentage points between January 2017 and July 2018, according to polling figures from Morning Consult, The Hill reported.

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