Running up trillion-dollar deficits isn’t stopping President Obama from blasting the budget and tax-cut proposals of Republican rival Mitt Romney.
At a campaign rally Sunday in Melbourne, Fla., Mr. Obama accused the Republican of having trouble with his arithmetic.
“Gov. Romney and his allies tell us that we can somehow lower our deficit by spending trillions of more dollars on tax breaks for the wealthy,” Mr. Obama told supporters. “You’ve got to do the math, because when my opponents were asked about it today, they couldn’t. It was like, two plus one equals five. They couldn’t answer questions about how they’d pay for $5 trillion in new tax cuts and $2 trillion in new defense spending without raising taxes on the middle class.”
He added, “That’s not bold leadership, that’s bad math. That gets a failing grade. I refuse to go along with that plan.”
On ABC’s “This Week,” Rep. Paul Ryan, Wiconsin Republican and Mr. Romney’s running mate, said closing tax loopholes on the wealthy would allow them to give tax relief to others. But he refused to identify any loopholes that they would close.