FACT CHECK: Romney oversimplifies debt 'inferno'
FACT CHECK: Romney oversimplifies debt 'inferno'
By CALVIN WOODWARD and TOM RAUM | Associated Press – 7 hrs ago.
WASHINGTON (AP) — When Republican presidential hopeful Mitt Romney decried the "prairie fire" of U.S. debt Tuesday, he ignored some of the sparks that set it ablaze.
One was the Great Recession that took hold before Barack Obama became president. That landmark event went unmentioned in Romney's speech. Another was a series of Bush-era tax cuts that Romney wants to follow with even lower rates.
Instead he laid the blame on Obama, a president who has certainly increased the nation's eye-popping debt — but not, as Romney claimed, by nearly as much as all other presidents combined.
A look at some of Romney's assertions and how they compare with the facts:
More:
http://news.yahoo.com/fact-check-romney-oversimplifies-debt-inferno-210641653.html;_ylt=A2KJ3CfCxbNPDAQAZsXQtDMD
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