(CNN) - What would a second term for President Barack Obama look like?
More debt, taxes, plus higher energy prices and health care cuts, a new ad from Republican presidential nominee Mitt Romney says.
The spot, released Saturday, lists “five reasons we can’t afford” a second Obama term.
Federal debt will grow $4 trillion from $16 trillion to $20 trillion, it says, citing a report by the Office of Management and Budget.
Twenty million people will lose their employer-provided health insurance, it says, citing a Congressional Budget Office projection that Obama’s health care reform law “would reduce employment-based insurance coverage in 2019 by 20 million people.” This projection is the most dramatic of four scenarios evaluated in the report and also finds that 31 million people would enroll in the health exchanges.
“The number of uninsured is estimated to be 29 million less than the number under prior law, leaving 28 million people uninsured in 2019,” the report says of this scenario.
The ad cites a report from the conservative group The American Enterprise Institute to say that “taxes on the middle class will go up by $4,000.”
As evidence that energy prices would increase under Obama, the ad cites a table and graph showing the price of gas from 1990 through the most recent week – a graph which trends upwards over the dozen years.
It also levels a charge that Obama supports a $716 billion cut to Medicare that CNN and other fact checkers have found false.
Meanwhile on the campaign trail, Romney has argued that “the president still doesn’t have an agenda for a second term.”
“I think it is pretty clear that when it comes to his policies and his answers and his agenda, he is pretty much running on fumes,” Romney said Wednesday at a rally in Chesapeake, Virginia.
The Romney campaign has not said where the spot will run, nor how much it is spending to run the spot.
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