When Mitt Romney took office as governor of Massachusetts, the upcoming state budget for that year would have a structural deficit of nearly $3 billion if the budget was not cut. The existing budget passed the previous year, that would be in effect for several more months, had a projected total deficit of approximately $1.2 billion. Romney inherited about a $650 million deficit in that budget by the time he took office.
Governor Romney convinced the legislature to allow him to immediately make changes to the existing budget. He immediately slashed spending and balanced that budget. He then balanced each of the four annual budgets he created. He was dealing with a veto-proof legislature that was 85% democrat, but he was able to 'hold the line on all the spending that the democrats up there wanted to do. The budgets he submitted, fought for and succeeded in obtaining not only were balanced each year, but provided a surplus of $700 million in 2004, nearly $1 billion in 2005 and a surplus of $700 million in 2006. He balanced the budget every year without raising taxes. By the end of his term, he had taken "Massachusetts from billions in deficit to billions in surplus". He turned in a $2 billion rainy day fund at the end of his term in office.
Romney has a track record for stopping outrageous spending, balancing budgets and creating surplus. Actions speak louder than words and Mitt Romney produces results! We can't "afford" to be led astray by an irresponsible leader! By Linda Sumner Urza, One fine day.
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