BUSINESS
10/22/2012 11:40 pm ET | Updated Oct 23, 2012

Romney's Obamacare Debate Fail: Mitt Falsely Claims Repealing Obamacare Would Reduce Deficit

Mitt Romney claimed during Monday's debate that repealing health care reform would reduce the federal budget deficit. But that's not exactly true.

"Come on our website, you’ll look at how we get to a balanced budget within eight to 10 years. We do it by getting -- by reducing spending in a whole series of programs. By the way, number one -- get rid of is Obamacare," Romney said.

In fact, repealing Obamacare would increase the deficit by $109 billion over the next 10 years, according to the Congressional Budget Office, since Obamacare saves money for the government.

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