<?xml version="1.0" encoding="UTF-8" standalone="yes"?><oembed><version><![CDATA[1.0]]></version><provider_name><![CDATA[The Dish]]></provider_name><provider_url><![CDATA[http://dish.andrewsullivan.com]]></provider_url><author_name><![CDATA[Andrew Sullivan]]></author_name><author_url><![CDATA[https://dish.andrewsullivan.com/author/sullydish/]]></author_url><title><![CDATA[Romney&#8217;s Budget Cuts]]></title><type><![CDATA[link]]></type><html><![CDATA[
<p>Jonathan Cohn <a href="http://www.tnr.com/blog/jonathan-cohn/99613/romney-conservative-impact-of-capping-federal-spending-20-percent" target="_self">considers</a> them draconian:</p>
<blockquote>
<p>The latest <a href="http://www.cbo.gov/doc.cfm?index=12316">Congressional Budget Office projection</a> suggests that GDP in 2016 will be $19.1 trillion. Sixteen percent of  that is about $3.1 trillion. But, based on CBO figures, non-defense  spending will be about $3.6 trillion in 2016. So to meet his goals,  Romney would have to cut non-defense federal spending in 2016 by roughly  $500 billion.</p>
<p>Romney doesn’t deny this. On the contrary, he’s been refreshingly honest on this subject. In the <a href="http://thepage.time.com/2011/11/04/transcript-mitt-romney-delivers-remarks-on-fiscal-policy/">Washington D.C., speech</a> where he laid out his budget vision, he said “<a href="http://thepage.time.com/2011/11/04/transcript-mitt-romney-delivers-remarks-on-fiscal-policy/">we’ll need to find almost $500 billion in savings a year in 2016</a>.” But Romney has not given many details on what that would entail. (Nor did his campaign respond to questions about this from <em>TNR</em>.) Perhaps that&#39;s because the impact of these cuts would scare the bejeezus out of some people.</p>
</blockquote>
<p>Or perhaps it&#39;s because Romney doesn&#39;t intend to follow through on his cuts. But some even rough idea of where he would cut is surely worth knowing.</p>
]]></html></oembed>