Obama claims that Romney's plan to cut the budget deficit without raising taxes would force him to slash spending on schools and health care. "Now, if you take such an unbalanced approach, then that means you are going to be gutting our investments in schools and education," Obama said.

"Effectively, this means a 30 per cent cut in the primary program we held for seniors in nursing homes, for kids with disabilities, and that's not a right strategy for us to move forward."