Giuliani Campaign Press Release - Just the Facts #2: Giuliani on Government Spending

GIULIANI SLASHED GOVERNMENT SPENDING, ROMNEY INCREASED IT

Giuliani's Recommended Budgets Reduced Real Per Capita Government Spending By Unprecedented 6.82%. (New York City Gross City Product Data 1990-2005, City Of New York Office Of Comptroller; City Of New York Office Of Management And Budget, The City Of New York Executive Budget Fiscal Year 2000 Message Of The Mayor, p.3; City Of New York Office Of Management And Budget, The City Of New York Executive Budget Fiscal Year 2002 Message Of The Mayor, p. 3; Comptroller of the City of New York, Comprehensive Annual Financial Report of the Comptroller for the Fiscal Year Ended June 30, 2003, 10/31/03; U.S. Department of Labor Bureau of Labor Statistics Website, data.bls.gov, Accessed 5/3/07)

Giuliani Reduced Government Spending As Portion Of City GDP Every Year Except 2001. (New York City Gross City Product Data 1990-2005, City Of New York Office Of Comptroller; City Of New York Office Of Management And Budget, The City Of New York Executive Budget Fiscal Year 2000 Message Of The Mayor, p.3; City Of New York Office Of Management And Budget, The City Of New York Executive Budget Fiscal Year 2002 Message Of The Mayor, p. 3)

New York's Economy Grew Nearly Twice As Fast As Government Spending Did. (New York City Gross City Product Data 1990-2005, City Of New York Office Of Comptroller; City Of New York Office Of Management And Budget, The City Of New York Executive Budget Fiscal Year 2000 Message Of The Mayor, p.3; City Of New York Office Of Management And Budget, The City Of New York Executive Budget Fiscal Year 2002 Message Of The Mayor, p. 3)

Turned $2.3 Billion Dollar Budget Deficit Into $2.9 Billion Surplus By FY 2001. (Steven Lee Myers, "A Deficit Revisited," The New York Times, 7/31/94; City Of New York Office Of The Comptroller, Fiscal Year 2001 Comprehensive Annual Report: Basic Financial Statements Part II-A, p. 14)

Cut Over 20,000 Full-Time City-Funded City Jobs (Nearly 20%) Excluding Teachers And Uniformed Police Officers. (City Of New York Office Of Management And Budget, The City Of New York Executive Budget Fiscal Year 2002 Message Of The Mayor: Appendix 5A, p. 276)

Romney's Recommended Budgets Increased Real Per Capita Government Spending By 7.77%. ("Governor's Annual Budget Recommendations, FY2003-FY2007," http://www.mass.gov/bb/, Accessed 8/20/07; U.S. Census Bureau, "Annual Estimates Of The Population For The United States, Regions, And States And For Puerto Rico: April 1, 2000 To July 1, 2006," http://www.census.gov/popest/states/NST-ann-est.html, Accessed 8/20/07; Bureau of Labor Statistics, "Consumer Price Index – All Urban Consumers: 1997-2007," http://data.bls.gov/PDQ/servlet/SurveyOutputServlet, Accessed 8/20/07)

Total Spending In Recommended Budgets Grew 22.2% Under Romney's Watch, From $29.477 Billion In Fiscal 2003 To $36.021 Billion In Fiscal 2007. ("Governor's Annual Budget Recommendations, FY2003-FY2007," http://www.mass.gov/bb/, Accessed 8/14/07)

Gov. Mitt Romney Was Graded A "C" By The Cato Institute In 2006. "[R]omney will likely also be eager to push the message that he was a governor who stood by a no-new-taxes pledge. That's mostly a myth. His first budget included no general tax increases but did include a $500 million increase in various fees. He later proposed $140 in business tax hikes through the closing of "loopholes" in the tax code. … In his budget for 2006, he proposed $170 million more in business tax hikes … If you consider the massive costs to taxpayers that his universal health care plan will inflict once he's left office, Romney's tenure is clearly not a triumph of small-government activism." (Stephen Slivinski, "Fiscal Policy Report Card On Amercia's Governors: 2006, Cato Institute Policy Analysis, pg. 42, 10/24/06)