I'm not commenting on how realistic it is, which I don't know, but Romney never said that disaster relief was immoral. Romney did his entire "the debt is immoral" spiel and from actually watching the video, the part you emphasized was Romney just finishing his statement, not answering King's question.
With respect to disaster relief, this is what Romney responded to this:
Quote:
KING: What else, Governor Romney? You’ve been a chief executive of a state. I was just in Joplin, Missouri. I’ve been in Mississippi and Louisiana and Tennessee and other communities dealing with whether it’s the tornadoes, the flooding, and worse. FEMA is about to run out of money, and there are some people who say do it on a case-by-case basis and some people who say, you know, maybe we’re learning a lesson here that the states should take on more of this role. How do you deal with something like that?
ROMNEY: Absolutely.
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The entire "immoral" spiel was just his standard anti-debt rhetoric. If you assume that the role can successfully be moved to states, there is nothing wrong with that statement. I just don't know if it is realistic or not.