Romney’s attack on the president’s spending record left unclear how the former Massachusetts governor’s largely vague budget plans — cutting taxes and ramping up defense spending — will reign in the country’s deficit. He has avoided identifying tax loopholes he would eliminate or specifically where he would make dramatic budget cuts required to make a real dent in the deficit. Romney drew a standing ovation when he promised to repeal the Affordable Care Act, which he said would cut nearly a trillion dollars by 2016.
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