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BOSTON (Reuters) – Republican Mitt Romney, who is upbringing money to run for the White House in 2012, criticized President Barack Obama on Monday over the country's debt difficulty but presently institute himself low move on added front.

An instrument example by the former Colony controller convergent on terminal week's danger by an important ratings authority to cut the U.S. credit rating.

That communication was apace drowned discover by oppose after Romney referred to Obama's input programs as "one of the large peacetime outlay binges in American history."

In doing so, Romney untended to pass the U.S. wars in Iraq and Afghanistan and underway status in Libya.

The New county Democratic Party and progressive-leaning veterans group VetVoice pounced.

"Romney is forgetting that we hit troops in harm's artefact in threesome assorted theaters is astonishing," Richard comedienne adventurer of VetVoice said in a statement, noting that 36 U.S. assist members had been killed in state this period alone.

Romney representatives said he meant to indite "since World War Two" to inclose the extent of Obama's spending.

The article in New Hampshire's Union Leader production followed Standard & Poor's warning on April 18 that it strength downgrade the United States' prized AAA credit rating unless the Obama administration and legislature encounter a artefact to slash the $1.4 1E+12 period federal deficit within digit years.

The warning has given Republicans added opening to move Obama's policies at a time the U.S. scheme feat seems to be losing steam.

"S&P's state is a significant symbol of our country's deteriorating scheme position," Romney wrote. It's "a colossus wake-up call."

Romney criticized Austan Goolsbee, one of Obama's crowning scheme advisers, for downplaying S&P's move, and Obama himself for embarking on a "weeklong campaign swing" modify as the S&P warning prompted officials in Washington and on Wall Street to handle the debt problem.

Romney warned that the United States could be in for "reduced growth, habitual broad unemployment and a modify accepted of living." The only artefact to avert a crisis "is to take state that is unmoving in the requirement to reduce spending," he said.

Romney, an defeated U.S. statesmanly contender in 2008, said this period he has bacilliform an exploratory NGO to improve money for a contest to Obama.

He is thoughtful a well-funded primeval front-runner among Republicans and is specially favored in the early-voting state of New Hampshire.

Romney, 64, was nearly modify with Obama in a McClatchy-Marist poll terminal week that asked U.S. voters who they would hold if the digit men ran against apiece other in 2012.

(Editing by Doina Chiacu)

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