Romney Says He's a Wiser Spender than Obama

NICHOLAS KAMM/AFP/Getty Images(HOUSTON) – At a private fundraiser in Texas today, Mitt Romney took a swipe at President Obama’s campaign spending habits, remarking that his own campaign has been “a little wiser” in how they’ve spent their money.

“I’d like you to commit to find a few people that voted for Barack Obama to vote for me,” said Romney at a fundraiser held at The Houstonian Hotel in downtown Houston, the former residence of President George H. W. Bush. “And by the way, continue to help out with your dollars. It means a great deal to me.”

“You’ve perhaps noticed in the paper, we’re a little wiser in our spending of dollars than the other side, apparently,” said Romney. “I’m not managing their campaign for them, but we’re going to spend our money wisely, we’re going to spend it to win.”

Romney’s remark comes after financial documents filed Monday by the respective campaigns showed that for the third straight month, President Obama has spent more than he brought in. In July, for example, Obama’s campaign raised $49.1 million, but spent $58.8 million. The Obama campaign also has a debt of $2.8 million. 

In contrast, Romney’s own campaign remains debt-free, raising $40.3 million in July and spending $32.6 million.

Romney’s campaign, joined with the Victory Fund and the RNC, had $185.9 million in cash on hand at the end of July, beating out Obama by $60 million, who had $123.7 million on hand between its various fundraising arms.

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