Economics

Romney Plan to End Deficit Hits Poor as Well as Park Rangers

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Mitt Romney’s promise to balance the budget without higher taxes while protecting retirees and spending more on defense means the rest of government -- such as meat inspections, food stamps, national parks and affordable-housing aid -- would need to be cut by more than a quarter.

Though Romney doesn’t spell out how he would achieve his fiscal goals, the arithmetic is clear, and it implies substantial pain for middle-class and low-income Americans.