The $10,000 Bet Mitt Romney Will Want to Take Back

Mitt Romney is very wealthy. The Boston Globe pegged his net worth at somewhere between $190 million and $250 million. So it was probably a bad idea for him to respond to a challenge from Texas Gov. Rick Perry at Saturday’s GOP debate by offering to wager $10,000—more than a lot of Americans have in their savings accounts right now—that he had never supported a national individual mandate. Here’s video, via TPM:

To make matters worse, Romney didn’t just give President Obama grist for a campaign ad—he’d also lose the bet. Romney did, at least until recently, believe that his Massachusetts health care plan offered a model for the rest of the country.

Update: On further review, it’s not clear whether Romney would lose the bet, since he didn’t specifically call for a federal mandate in his (since-revised) book. But Perry’s right that Romney supports mandates on principle, and he has, in other forums, endorsed their implementation at the federal level.

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Thank you!

We didn't know what to expect when we told you we needed to raise $400,000 before our fiscal year closed on June 30, and we're thrilled to report that our incredible community of readers contributed some $415,000 to help us keep charging as hard as we can during this crazy year.

You just sent an incredible message: that quality journalism doesn't have to answer to advertisers, billionaires, or hedge funds; that newsrooms can eke out an existence thanks primarily to the generosity of its readers. That's so powerful. Especially during what's been called a "media extinction event" when those looking to make a profit from the news pull back, the Mother Jones community steps in.

The months and years ahead won't be easy. Far from it. But there's no one we'd rather face the big challenges with than you, our committed and passionate readers, and our team of fearless reporters who show up every day.

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