Romney’s Massachusetts Ranked 47th out of 50 in Job Creation and 1st in Debt Per Person; Romney Economics Didn’t Work Then and It Won’t Work Now
Job Creation: Romney’s Massachusetts ranked 47th out of 50 in job creation.
- While Romney was in office, Massachusetts consistently grew slower than the national economy. It also ranked 44th in economic growth and 35th in household income.
- In the four years before Romney took office, Massachusetts ranked 36th in job creation. In the four years after he left, it ranked 11th.
- President Obama has created five times more jobs in Massachusetts than Romney did as governor at this point in his term.
- In fact, job growth was so slow that 222,000 more residents left the state than moved there while Romney was governor.
Debt: Romney amassed more than $2.6 billion in debt as governor – a 16 percent increase in just four years. He left his successor with a billion-dollar deficit and Massachusetts taxpayers with more debt per person than any other state.
- Romney inherited $16 billion in long-term debt. Shortly before his term ended, the state’s long-term debt was $18.6 billion – a $2.6 billion increase.
- Right-leaning groups like the Tax Foundation have acknowledged that Massachusetts’ debt per capita was the highest in the country. Even the Cato Institute called Romney’s no-new-taxes pledge “mostly a myth” and confirmed that he left his successor a billion-dollar deficit.
President Obama has a balanced and detailed plan to reduce the deficit by $4 trillion while still making smart, responsible investments to strengthen the middle class and grow our economy over the long term. He’s already signed into law $2 trillion in deficit reduction.