President Obama’s campaign team on Tuesday blasted Republican presidential contenders Mitt Romney and Rick Santorum for promoting economic policies that the Obama campaign said were “unrealistic” and likely to add billions of dollars to the federal budget deficit.
Romney’s tax and budget proposals would add $175 billion annually to the federal deficit and Santorum’s proposals would add a total of $990 billion to the deficit in 2017, according to a detailed memo from James Kvaal, Obama’s policy strategist.
“The Romney and Santorum plans are by far the most unrealistic budget plans I’ve ever seen,” economist and former Obama adviser Jeffrey Liebman said. “Their budget math simply doesn’t add up.”
