The Weekly Standard

Princeton economist: Romney’s tax plan math adds up

Coming off a horrible debate performance last week, President Barack Obama’s campaign is stepping up its criticism of Mitt Romney by going after his tax plan. According to The Hill, Obama’s staff says that Romney’s tax plan doesn’t add up:

President Obama’s campaign Sunday sought to keep undercutting Mitt Romney’s tax proposal, as a campaign spokesperson insisted it was mathematically impossible.

Speaking to the press, spokeswoman Jen Psaki said that Romney’s plan to cut taxes across the board while not contributing to the deficit does not add up.

“And I was not a math major, I was an English major.  So just to be clear, this is something any American can do,” she said.

The nonpartisan Tax Policy Center has estimated that Romney’s tax cuts would cost nearly $5 trillion. But Romney maintains that the cost of those cuts can be covered by eliminating various tax credits, deductions and loopholes.

But Psaki argued that even if you give Romney the “absolute benefit of the doubt,” on what various deductions could be trimmed, his plan still comes up short by about a trillion dollars.

The Tax Policy Center’s estimate of Romney’s tax plan is inaccurate because they didn’t, by their own admission, score every aspect. Just last week, Stephanie Cutter, a spokesperson for the Obama campaign, was forced to back down from assertion that Romney’s plan would cost $5 trillion.

Why Ron Paul won’t run as an independent

There had been some speculation over the last few months that Ron Paul may decide to continue his campaign as a third party or independent candidate, but The Weekly Standard picked up some comments yesterday by Sen. Rand Paul (R-KY) that offers some insight into what his inner circle may be thinking:

Following an interview at a Des Moines radio station, I asked Rand Paul if he has encouraged his father to stay in the Republican party if he doesn’t win the GOP nomination. ”I’m encouraging him to try to win the Iowa primary. It’s kind of hard to think about leaving your party when you might be the nominee,” he said.

Asked if he would support his father as a third-party candidate, Paul replied: ”I’ve always said I think the Tea Party movement is best and most effective within the Republican party. The Tea Party movement as a separate movement would divide some of the Republican vote.”

“I have not been publicly in favor of a third party candidate and I have not been in favor of the Tea Party splitting off,” Paul said. “But I think people really need to rethink that question when a guy’s leading the polls in Iowa—to be asking about running as a third party when we’re still talking about winning the Republican nomination.”

The second paragraph is key, and it’s not just a concern about keeping the Tea Party movement unified. Even though Ron Paul is retiring and would seemingly have nothing to worry about in terms of punishment from running as an independent or third party candidate, such a move would probably hurt his son’s political career. You may say that’s not fair or deny that this would actually happen, but politics has a cruel way of eventually coming back around.

Not One of Us - The Fall of Neoconservatism

Some months prior to Rand Paul’s primary victory in Kentucky, a familiar pair of politicians came together in support of his opponent Trey Grayson. Late endorsements by the President of 9/11, Rudy Guiliani and Dick Cheney were trotted out in an attempt to make a dent in a double digit lead that Dr. Paul had held for some months. Cesar Conda also got into the act, writing an article for the National Review the day of Cheney’s endorsement announcement. He also convened an emergency conference call and sent out a panicky email to neoconservative pundits.

These efforts had no effect whatsoever. Rand Paul not only won the primary against Grayson, but crushed his Democrat opponent in the general election.

That the effort failed is a matter of record. However, you may or may not have noticed how little this failure, achieved with the help of the two most prominent elected neoconservatives of the last decade not named Bush, has been analyzed,  much less discussed..

One of the more interesting facts about Conda’s email  was its list of recipients. A desperate cry for help, the list of neoconservative writers was a who’s who list of PNAC advisors.

Politico reported:


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