ROMNEY RECORD: Fiscal Responsibility In Washington

Governor Romney Believes We Need Fiscal Accountability In Washington:

Governor Romney On Fiscal Responsibility In Washington : "And I'd like toget my hands on Washington. It needs to be taken completely apart, with every program and agency evaluated for effectiveness and efficiency. Every business does that or goes bankrupt. But Washington seems to get larger and larger every year.'" (Peter Hecht, "Political Conversion," Sacramento Bee , 3/15/07)

· "Still, Mr. Romney is tough on spending, maybe even better than Reagan, and promises to slay big government with aggressive use of his veto." (Donald Lambro, "In Search Of The Right Candidate," The Washington Times ,10/18/07)

Governor Romney's Conservative Blueprint To Restrain Government Spending:

BLUEPRINT #1: Governor Romney Will Veto Appropriations Bills That Exceed Spending Targets. He will veto any non-defense appropriations bill that grows spending at a rate greater than inflation minus one percent (CPI-1%). This should be considered the minimum amount of spending reductions. This will save $300 billion over 10 years. (Romney For President, "Strategy For A Stronger America: A Conservative Blueprint To restrain Government Spending," Press Release, 11/15/07)

BLUEPRINT #2: Governor Romney Will Lead An Effort To Review And Reevaluate All Federal Spending Programs. His administrationwill undertake an exhaustive review of each individual federal program with the goal to eliminate and consolidate programs that are no longer useful or are bureaucratic and unwieldy. Federal spending programs do not have a right to immortality, and should not enjoy automatic increases year after year. (Romney For President, "Strategy For A Stronger America: A Conservative Blueprint To restrain Government Spending," Press Release, 11/15/07)

BLUEPRINT #3: Governor Romney Believes The President Needs The Line-Item Veto Power Again. As Governor, he had line-item authority, and often used it to trim or eliminate individual appropriations. Restoring this power to the President would allow us to make tremendous strides in eliminating earmarks and cutting inefficient programs. (Romney For President, "StrategyFor A Stronger America: A Conservative Blueprint To restrain Government Spending,"Press Release, 11/15/07)

BLUEPRINT #4: Governor Romney Will Work To Reform Entitlement Programs. In a forthright and bipartisan manner, Governor Romney will work with Congress to address the looming budget crisis caused by increased entitlement spending. (RomneyFor President, "Strategy For A Stronger America: A Conservative Blueprint To restrain Government Spending," Press Release, 11/15/07)

BLUEPRINT #5: Governor Romney Has Called On Congress To Re-Impose A Three-Fifths (60%) Supermajority Requirement To Raise Taxes. While Governor Romney is committed to lowering taxes, and as President will fight any proposed tax increase, he recognizes that all steps must be taken to prevent tax hikes. Congress should not be able to increase taxes on a political whim and with a simple majority. Making it even harder to attempt to increase taxes will help impose the fiscal discipline we need to stop overspending. (Romney For President,"Strategy For A Stronger America: A Conservative Blueprint To restrain Government Spending," Press Release, 11/15/07)

BLUEPRINT #6: Governor Romney Proposes Giving The Executive Branch The Authority To Spend Up To 25% Less Than Congress Appropriates. Governor Romney believes the President has an important role to play in the budget process, but that Presidential authority has been unjustifiably curbed in recent decades. With the proliferation of earmarks and with Congress unwilling to make tough spending choices, it is clear we need to re-insert the President into the budget process. The amount of money Congress tells the President to spend should be a spending ceiling, not a final price tag. (Romney For President,"Strategy For A Stronger America: A Conservative Blueprint To restrain Government Spending," Press Release, 11/15/07)