Huntsman: Obama abandoned leadership on debt crisis, supercommittee

Reacting to the supercommittee's announcement that it had failed to reach agreement on a debt-reduction deal, White House hopeful Jon Huntsman called out President Obama and members of Congress for failing to lead and find agreement on a reduction in federal spending.

"The fact that the president's utter abandonment of leadership on our debt crisis necessitated a supercommittee signals his failure and Washington's dysfunction," Huntsman said. "It's time to get serious. We need bold solutions and principled leadership to renew and rebuild America."

The Republican candidates have offered a variety of responses to the inability of the supercommittee to come to consensus on stripping $1.2 trillion from the national debt over the next 10 years, but all included criticism of Democrats. 

Herman Cain blamed Obama and his "comrades in the Democrat Party," while Newt Gingrich said the committee should fail because it was a bad idea to begin with, comparing Obama to a 16-year-old who can't control his credit card use.