I would settle for any cut that would benefit the economy by reducing wasteful spending. I would much prefer a freeze on overall spending.
'Mitt Romney says he would balance the federal budget by the end of his second term…
Recently, Romney said that on his first day in office he would cut non-security discretionary spending by 5%. Doing so he estimates would reduce spending by $500 billion a year by the end of his first term.'
Sounds good. Unfortunately he probably will not win, and if he does win, he can't cut spending immediately by 5%. He would have to sign legislation passed by congress to cut it, unless he threatened to veto any budget that did not cut by 5%
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