No easy fix for budget deficit

Published October 25, 2012 4:00am ET



The big winner of the three presidential debates is government spending. Mitt Romney singled out only a few small programs that he thinks are ripe for cutting, and President Obama stayed away from any specifics.

Interestingly, during the final debate, which mainly focused on the security of the United States, Mitt Romney signaled that he understood the need to cut spending when he said that the biggest threat to our national security is our gigantic burden of government debt. In saying this, he followed the steps of Adm. Mike Mullen, former chairman of the Joint Chiefs of Staff, who has repeatedly said that “the single biggest threat to our national security is our debt, so I also believe we have every responsibility to help eliminate that threat,” He continued, “We must, and will, do our part.”

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