Romney tax plan vs. Bush tax cuts: Why the details matter

At the second presidential debate, Mitt Romney was asked how his economic plan differed from the last Republican president, George W. Bush. The woman who asked the question was worried that Romney would repeat the Bush policies that lead to the meltdown of US banking system, and the worst recession since the Great Depression hit in 1929.

It is a legitimate question, since the focal point of the 2012 presidential campaign has been the economy and who will create the most jobs and, more importantly, how they will create them.

How Romney plans to carry out his plan must go beyond campaign trail rhetoric, because the success or failure of any plan is in the details. That's why the truth about the details matter. Words don't create jobs.

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Missing details in Romney tax plan hidden in Ryan budget disaster

Mitt Romney and Paul Ryan have been widely criticized for not revealing the details of their economic plan. But if you pick up the trail of clues they have left all over the campaign trail, it leads to the Ryan budget, which has failed to be signed into law despite several attempts.

When pressed by reporters for details on their economic plan, both Romney and Ryan have said that the specifics would be worked out by congress in the future.

However, the details may have been worked out long ago in Paul Ryan's budget plan, which was called "terrifying" by Rep. Earl Blumenauer (D-Oregon).

"Ryan says his budget cuts more than $5 trillion in the next decade," according to Ezra Klein's Washington Post Wonkblog.

Perhaps not by coincidence, Romney's tax cut plan, before offsets, costs about $5 trillion.

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