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Mitt Romney hits Obama over debt ceiling

The State Column | Tuesday, July 26, 2011

Republican presidential candidate and former Massachusetts governor Mitt Romney assailed President Obama late Monday, slamming the president’s handling of the debt ceiling negotiations.

Tweeting Monday, Mr. Romney said the president’s prime-time address to the nation represented a lack of leadership that would lead to increased taxes.

“An historic failure of leadership from @BarackObama, not even @SenatorReid is still talking about tax increases,” Mr. Romney tweeted.

Mr. Romney’s latest comment on raising the debt ceiling comes just weeks after the Republican presidential candidate side-stepped a question regarding whether he supports a proposed debt plan put forth by House Republicans.

“I believe we will not raise the debt ceiling unless the president is finally, finally willing to be a leader on the issue the American people care about,” Mr. Romney said.

With just one week before the nation’s $14.3 trillion debt ceiling it set to expire, House Republicans and Senate Democrats are rushing to hold a vote on the measures in an effort to push forward a proposal before the end of the week. Markets have signaled that a deal must be in place by Sunday, otherwise the U.S. faces the potential of a ratings downgrade.

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