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Fiscal Times: Romney's Iran Policy Would Cripple the Economy

Author: Merrill Goozner
March 07, 2012

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Mitt Romney has vowed to step up military spending as a corrollary to his Iran policy. At the Fiscal Times, Merrill Goozner scrutinizes the fiscal ramifications of Romney's plans.

Former Massachusetts Gov. Mitt Romney, whose narrow victory in Ohio late last night allowed him to cling to his frontrunner status in the race for the Republican nomination, used Super Tuesday to issue a broadside against the Obama administration's Iran policy. In an op-ed in the Washington Post, Romney called the president's approach to stopping the ayatollahs' nuclear program "feckless" and vowed to teach the Iranians "the meaning of American resolve."

Forget for a moment that foreign and military policy analysts immediately dismissed Romney's specific proposals as nothing more than a rehash of Obama's approach, which combines escalating economic sanctions and a show of military force in the Persian Gulf with demands that Iran return to negotiating table to bring its nuclear program within the International Atomic Energy Agency's purview. Those efforts bore fruit yesterday when Iran agreed to talks that will include the U.S., Britain, France, Germany, Russia and China.

More significantly for long-run U.S. policy, Romney used the Iran crisis to repeat his vow to ramp up military spending should he become president. "My foreign policy will be the same as Ronald Reagan's: namely, 'peace through strength'," he wrote.

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