Specifically, Mitt Romney in 2012. He's 78 now. Slightly younger than Donald Trump, not that it matters. But I suppose that makes him an "elder statesman". And he's now expressing opinions that the New York Times finds fit to print:
We’ve reached a point where any mix of solutions to our nation’s economic problems is going to involve the wealthiest Americans contributing more. https://t.co/m0zXuXeC43
— Mitt Romney (@MittRomney) December 19, 2025
Mitt's NYT article is here, and the folks at (not shut down yet) archive.today have it for non-subscribers here.
He's not wrong about the problem:
In 2012, political ads suggested that some of my policy proposals, if enacted, would amount to pushing Grandma off a cliff. Actually, my proposals were intended to prevent that very thing from happening.
Today, all of us, including our grandmas, truly are headed for a cliff: If, as projected, the Social Security Trust Fund runs out in the 2034 fiscal year, benefits will be cut by about 23 percent. The government will need trillions of dollars to make up the shortfall. When lenders refuse to provide the money unless they are paid much higher interest rates, economic calamity will almost certainly ensue. Alternatively, the government could print more money, inducing hyperinflation that devalues the national debt — along with your savings.
Mitt has a one-paragraph nod toward raising the starting age for Social Security payouts, and imposing means-testing (but without "cutting benefits for current or near retirees".) The entire rest of his proposal involves:
And on the tax front, it’s time for rich people like me to pay more.
His tax-increase proposals are varied. They sound impressive! But Dominic Pino, currently with the Washington Post calls foul at Twitter, in a masterful thread, which I am gonna blog in its glorious entirety.
This is framed as a middle-of-the-road reasonable solution to the fiscal problem, but it isn't, because it wouldn't actually solve it.
— Dominic Pino (@DominicJPino) December 19, 2025
🧵 https://t.co/oHywJF2b8b
Romney is correct about this: "On the spending-cut front, only entitlement reform would make a meaningful difference, since programs such as Social Security and Medicare represent the majority of government outlays."
— Dominic Pino (@DominicJPino) December 19, 2025
But then he says "current or near retirees" can't get cuts.
As @JessicaBRiedl has already said, that ship sailed even before Romney ran for president. Current and near retirees will need to see benefit cuts now. Those cuts can and should be targeted at higher earners who don't need the money.https://t.co/Bud8v6Evxw
— Dominic Pino (@DominicJPino) December 19, 2025
Social Security has been growing on autopilot such that the average monthly benefit for retirees in 2023 was 39% higher, in real terms, than for retirees in 2000.
— Dominic Pino (@DominicJPino) December 19, 2025
Seniors weren't dying in the streets in 2000, and they won't be now if benefits are returned to a similar level. pic.twitter.com/wKr2aFMYRE
As a @CatoInstitute report pointed out, 1/3 of Social Security benefits go to seniors with incomes over $100,000.
— Dominic Pino (@DominicJPino) December 19, 2025
Paying the wealthiest generation large and ever-growing monthly benefits for 20+ year retirements is crazy and unsustainable. pic.twitter.com/NaN7sEZ7ay
What about the tax side?
— Dominic Pino (@DominicJPino) December 19, 2025
The headline says "Tax the Rich, Like Me," but Romney never says he wants to raise the income tax, likely because he knows that the income tax is highly progressive right now.
The top 1% of income earners already pay 40% of the income tax, and their share has been gradually increasing over time. pic.twitter.com/mxURYmd3mg
— Dominic Pino (@DominicJPino) December 19, 2025
When you factor in benefits and taxes, overall federal income transfers have become more progressive over time, with the highest quintile paying in larger sums of money and even the middle quintile coming out ahead. pic.twitter.com/XJ74giCc8g
— Dominic Pino (@DominicJPino) December 19, 2025
Romney's ideas for tax increases are:
— Dominic Pino (@DominicJPino) December 19, 2025
-removing the FICA income cap
-taxing assets more at death
-ending 1031 exchanges
-ending SALT
-carried interest
He says he's targeting the rich because that's "where the money is."
— Dominic Pino (@DominicJPino) December 19, 2025
But none of these are new ideas, and @USCBO has estimated their effects before.
They don't raise nearly as much money as Romney seems to think.
Over 10 years, using CBO's high-end estimates for each option:
— Dominic Pino (@DominicJPino) December 19, 2025
removing FICA cap: ~$1.5T
+ taxing assets at death: $536B
+ 1031 exchanges: no CBO est., probably ~$20B
+ SALT: $1.6T
+ carried interest: $13B
=
$3.7T
Which sounds like a lot.
— Dominic Pino (@DominicJPino) December 19, 2025
Until you see that CBO also projects that federal deficits over the next 10 years will be ~$22T.
And that's assuming low interest rates, no recessions, no wars, no new spending programs.
For ten years.
The uncomfortable truth that Romney could have told but didn't is that if you want to have massive middle-class benefits, you also need massive middle-class taxes to pay for them.
— Dominic Pino (@DominicJPino) December 19, 2025
That's where the money actually is.
And that's what they do in Europe.
We shouldn't want to be like Europe, so we should want to cut benefits to a more manageable size while keeping taxes low for most people.
— Dominic Pino (@DominicJPino) December 19, 2025
And politicians should stop perpetuating the myth that taxing the rich even more will fix the budget.
Dominic is a monster. The WaPo is lucky to have him.
Also of note:
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In case you've been wondering if Trump has the authority to categorize fentanyl as a weapon of mass destruction… Andrew C. McCarthy has your answer: Trump Has No Authority to Categorize Fentanyl as a Weapon of Mass Destruction. (NR gifted link)
Law school is a three-year grind. But 40 years later, while I couldn’t tell you a thing about, say, the “rule against perpetuities,” I did internalize the most valuable lesson, which came in the first three hours. It wasn’t a precedent or a statute, just a bit of folk wisdom you mightn’t think would need teaching. But it does, now more than ever.
It’s this: If you hang a sign that says “horse” on a cow, that doesn’t make it a horse.
Get it? If you do, then you’ll quickly grasp that a Latin American dope dealer is not an alien enemy combatant. The Defense Department, a creature of statute, does not become “the Department of War” by a presidential decree that sends Pete Hegseth to the front of the Pentagon with a plaque and a screwdriver. A foreign terrorist organization does not, by the abracadabra of “designation,” become an authorization for the use of military force — even if we generously assume that a drug gang is the same thing as a terrorist organization. Lindsey Halligan is not the United States attorney for the Eastern District of Virginia. Riots are neither patriotic nor mostly peaceful. The congressionally established John F. Kennedy Center for the Performing Arts is not, by dint of wand-waving by a crony committee, the Trump . . . anything.
And fentanyl is not a weapon of mass destruction, even if the “horse” sign in this instance happens to be an executive order.
This is probably not, technically, on its own, an impeachable offense. It's just another case of Trump torturing language to put a thin veneer of pretend-legality on his other impeachable offenses.
![[The Blogger]](/ps/images/barred.jpg)


