Romney: Obama's spending weakening the country

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SALT LAKE CITY -- Former presidential hopeful Mitt Romney says President Obama's spending and borrowing has weakened the country.

At the Value Voters Summit in Washington, D.C., Sunday, Romney said Obama's policies will greatly increase the deficit. He also said the spending is "bankrupting" the country and will lead to severe economic problems.

Romney added the president's cap-and-trade plan would cost the average American family more than $1,700 a year and kill jobs.

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