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The ad will be begin airing today in Iowa and New Hampshire. Scripts and viewing links are below.
GOVERNOR MITT ROMNEY: "If I'm elected President, I'm going to cap non-defense discretionary
spending at inflation minus one percent.
"And if Congress sends me a budget that exceeds that cap, I will veto that budget.
"And I know how to veto. I like vetoes. I've vetoed hundreds of spending appropriations as Governor.
GOVERNOR ROMNEY: "If I'm elected President, I'm going to cap non-defense discretionary spending
at inflation minus one percent."
• Governor Romney Will "Cap Non-Defense Discretionary Spending At Inflation Minus One
Percent." "It's time for some economic conservatism in Washington as well. America has seen an
embarrassing spike in non-defense discretionary spending. And, as you know, I'm proud to be the
first presidential candidate to sign Grover Norquist's tax pledge. But I have another pledge I'd like to
make to you today: If I'm elected president, I'm going to cap non-defense discretionary spending at
inflation minus one percent. That would save $300 billion – $300 billion – in 10 years. And if
Congress sends me a budget that exceeds that cap, I will veto that budget." (Governor Mitt Romney, Remarks At
The Conservative Political Action Conference, Washington, D.C., 3/2/07)
GOVERNOR ROMNEY: "That would save $300 billion in 10 years."
• Using Budget Estimates From The Office Of Management And Budget, Non-Defense
Discretionary Spending Will Total $5.006 Trillion From 2010 To 2019 (Using Current Budget
Projections And A 2.4% Growth Rate).
OMB Inflation* 2.4% 435 447 459 471 482 494 506 518 530 543 556 5006
Governor
Romney's
Proposal: CPI - 1 1.4% 435 441 447 454 460 466 473 479 486 493 500 4699
*Spending levels from 2009-2012 are taken from President Bush's proposed budget for fiscal year 2008. From 2013-2019,
spending levels were derived by growing the 2012 projected spending level at The Office of Management and Budget's
projected inflation rate.
GOVERNOR ROMNEY: "And if Congress sends me a budget that exceeds that cap, I will veto that
budget.
"And I know how to veto. I like vetoes. I've vetoed hundreds of spending appropriations as Governor."
• For All Four Of The Fiscal-Year Budgets That Crossed His Desk, Governor Romney Used The
Line-Item Veto Power More Than 800 Times. Over the course of four budgets, Governor Romney
made over 300 line-item reductions, 350 line-item eliminations and struck language 150 times.
(Chapter 26 Of The Commonwealth Of Massachusetts Acts Of 2003, Governor's Veto Message, 6/30/02; Chapter 149 Of The Commonwealth Of
Massachusetts Acts Of 2004, Governor's Veto Message, 6/25/04; Chapter 45 Of The Commonwealth Of Massachusetts Acts Of 2005, Governor's Veto
Message, 6/30/05; Governor Mitt Romney, Memo To The Senate And House Of Representatives Of The Commonwealth Of Massachusetts; Fiscal
Year 2007 General Appropriations Act Veto Items: Line Item Accounts, 7/8/06)