The Truth-o-Meter says: Half-True | Mitt Romney would add “trillions” to the deficit while Barack Obama would “cut the deficit by $4 trillion," says Obama TV ad
President Barack Obama would like to cast Mitt Romney as a retread of the George W. Bush years. His campaign’s latest ad lists some prominent features of the Bush presidency and has Romney’s plans matching them item for item. Here’s what the ad says: "You watched and worried. Two wars. Tax cuts for millionaires. Debt piled up. Mitt Romney's plan? A new $250,000 tax cut for millionaires. Increase military spending. Adding trillions to the deficit. Or President Obama's plan. A balanced approach. 4 trillion in deficit reduction. Millionaires pay a little more." In ...
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