A number of Governor’s Romney’s proposals have been criticized for not being specific enough. One area where he has been quite specific, however, is regulatory reform. Romney’s plan for regulatory reform would permanently change the way the government regulates everything from consumer fraud to airplane safety to toxic chemicals. Here are his two major proposals, how they would work, and their pros and cons.
A balanced budget is when total revenue equals or exceeds total expenditures. For this nation’s citizens, this is how personal finances are managed. If a citizen spends more than is earned, financial disaster is inevitable. This is general knowledge to every American. Any private or public sector financial crisis counseling takes the first step of establishing a budget.
