Deadline.com picked this up from a new interview presumptive Republican presidential candidate Mitt Romney gave to Fortune magazine‘s Andy Serwer and David Whitford. The interview was conducted Monday, Aug, 6, 2012, and published yesterday, Wednesday, Aug. 15, 2012.
FORTUNE: You’ve promised to cap government spending at 20% of GDP. Specifically where will you cut?
MITT ROMNEY: There are three major areas I have focused on for reduction in spending. These are in many cases reductions which become larger and larger over time. So first there are programs I would eliminate. Obamacare being one of them but also various subsidy programs — the Amtrak subsidy, the PBS subsidy, the subsidy for the National Endowment for the Arts, the National Endowment for the Humanities. Some of these things, like those endowment efforts and PBS, I very much appreciate and like what they do in many cases, but I just think they have to stand on their own rather than receiving money borrowed from other countries, as our government does on their behalf.