Fox: Mathematically Impossible Plan!

These are the same flawed policies that got us into this mess! Glad Fox finally acknowdges reality!

Even Fox Is Calling Out Romney for Dishonesty

Fox News Sunday host Chris Wallace pressed senior Romney adviser Ed Gillespie on the credibility of the six studies Romney repeatedly cites to support his mathematically impossible plan.

October 15, 2012



US Republican presidential candidate Mitt Romney delivers remarks at a victory rally in Lebanon, Ohio, on October 13, 2012.

WALLACE: Those are very questionable.  Some of them are blogs, some of them are from AEI, an independent group.

GILLESPIE: These are very credible sources.

WALLACE: One of them is a blog from a guy who was a top adviser for George W. Bush. These are hardly non-partisan studies.

GILLESPIE: Look Chris these AEI and other studies are very credible sources of analysis

Watch it:

Two of the six studies are  Wall Street Journal editorials  that repeat familiar Republican talking points without crunching any numbers. Wallace pointed out a third study from former Bush adviser Harvey Rosen, which assumes Romney’s plan would generate enough economic growth to  pay for the revenue loss , the same tax logic used by George W. Bush. Yet another one of the six studies is a white paper from the Romney campaign  itself. Even an AEI tax expert suggested Romney’s math wouldn’t work , saying “he’s going to need to cut rates significantly less than 20 percent if he wants to honor his other goals.”

But there is one study the Romney campaign hasn’t used. The Tax Policy Center found that Romney would need to  raise taxes on the middle class  even if he closed every single tax loophole for the wealthy. Mark Zandi, chief economist of Moody’s Economy and an adviser to the 2008 McCain campaign, called that study the “definitive” one on Romney’s plan.

For more than a month, Mitt Romney has cited six debunked studies to support his mathematically impossible plan to cut tax rates by 20 percent, while balancing the budget without raising taxes on the middle class. On Sunday, Fox News Sunday host Chris Wallace pressed senior Romney adviser Ed Gillespie on the credibility of these six studies, noting that each of them have serious issues:

GILLESPIE: Six different studies have said this is entirely doable.

 http://www.alternet.org/news-amp-politics/even-fox-calling-out-romney-dishonesty