Ezra Klein on Mitt Romney's "revenue neutral" tax plan:
If Romney cut Medicaid entirely — took it from the $407 billion it is projected to cost in 2016 and moved it to zero — his math wouldn’t work. If he then excised all spending on food stamps — taking them from a projected $80 billion in 2016 to nothing — he still wouldn’t be there.
All of which blows a huge hole in Romney's "cut, cap and balance" triad.
I wonder, if one of Romney's Bain executives had brought him a similarly structured business proposal, would he have fired him? You bet your capital-gains tax advantage he would have. Fortunately for Romney, however, the GOP base takes pleasure in being bamboozled.