Wherein Mitt Romney reaches into his ass and pulls out more phony statistics that do not represent empirical reality.
Today, government at all levels consumes 37 percent of the total economy or G.D.P. If Obamacare is allowed to stand, government will reach half of the American economy. And through the increasing controls government has imposed on industries like energy, financial services and automobiles, it will soon effectively control the majority of our economic activity.
One must ask whether we will still be a free enterprise nation and whether we will still have economic freedom. America is on the cusp of having a government-run economy. President Obama is transforming America into something very different than the land of the free and the land of opportunity.
The GDP of the U.S. was $15 trillion in 2011. For the government to “reach half of the American economy,” as Mitt Romney says it will, the federal budget would have to increase to $7.5 trillion dollars, while it’s currently projected to be $3.8 trillion in 2013. Are we to believe President Obama is going to somehow add $4 trillion to the federal budget? Like magic?
The Congressional Budget Office has projected that the Affordable Care Act, or Obamacare, whichever you prefer, will actually lower the deficit by over $150 billion over 10 years, not expand it by another $4 trillion. The federal deficit is projected to decrease by nearly $400 billion in 2013, by the way.
Romney is yanking these statistics straight out of his ass. And even by his standards, this is just plain silly.