Presidential debate, 10/16
Live chat during the second debate between President Barack Obama and Gov. Mitt Romney
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Romney delivering his most pointed critique of Obama. “This is a president who has not been able to do what he said he was going to do.”by Matt Viser via twitter 10/17/2012 1:55:59 AM -
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ANALYSIS: Romney successfully closed a $3 billion budget gap in his first fiscal year as governor of Massachusetts.He succeeded in closing the shortfall without raising the state sales or income taxes — a notable accomplishment. But he also balanced the budget largely by cutting state aid to cities and towns, many of which responded by raising property taxes. In his first two years in office, Romney presided over a 15 percent cut in spending on unrestricted aid to cities and towns; he also cut more than 4 percent of funding for local schools.
Largely as a result, the average local property tax bill jumped more than $700 a year, or about 24 percent, to $3,962 from $3,206. -
FACT CHECK: Obama promised a 5.4 percent unemployment rate by now: Romney's claim is based on a report Obama's Council of Economic Advisers prepared before Obama took office. The council predicted that passage of Obama’s stimulus package would prevent unemployment from rising above 8 percent -- a fact Republican presidential nominee Mitt Romney cites frequently -- and would bring it down to the mid-5s in the third quarter of 2012. -
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