On Tuesday in Iowa, Mitt Romney will deliver what’s being billed as a major policy address on the “out-of-control spending and debt” under the Obama administration, according to U.S. Rep. Steve King.
Romney, who is hitting back on a new round of attack ads by President Barack Obama’s re-election campaign, will speak at 2:05 p.m. at the Hotel Fort Des Moines, 1000 Walnut St., Des Moines.
Romney will offer voters a “very clear choice,” King, R-Iowa, said during a call with reporters in which he warned that the Obama administration “is creeping us up on the debt Greece has.”
In the three and a half years Obama has been in office, King said, the national debt has increased roughly $5 trillion, from 80 percent of GDP to 105 percent. At that rate, the United States “will be approaching the condition that Greece is in if we have a second Obama term,” he said.
“We’re spending more than we can afford,” added State Auditor Dave Vaudt, a Republican.
Iowans should be concerned, he said, because Greece has had to change its entitlement programs as a result of its debt.
“We have to get spending under control,” he said.And while other countries are trying to help Greece turn around its economy, King said, no one will be able to so the same for the United States.