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GOP: Obama broke promise on debt

Republicans will debut a new Web video Monday that hammers President Obama over the mounting federal debt. 

The video and a new set of online advertisements will criticize the president as having "broken promises" on the deficit. 

In the commercial, a series of clips showing the president pledging fiscal responsibility are contrasted onscreen with a tally of the federal debt growing higher and higher. As clips show the president pledging to go "line by line" through the federal budget, news articles highlighting the lavish General Services Administration conference in Las Vegas and the bankruptcy of failed green energy company Solyndra — which received federally backed loans — float across the screen.

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"We've heard these empty promises before," onscreen text concludes.

The Republican National Committee says it will also host a set of conference calls with reporters in key swing states that focus on the issue of debt, including one Monday morning with Rep. Steve King (R-Iowa).

"President Obama has broken his promise over and over when it comes to reining in Washington's out-of-control spending," RNC Chairman Reince Priebus said in a statement. "During the campaign, he lambasted the growing debt and, once elected, he pledged to cut the deficit in half by the end of his first term.

"Yet President Obama's record has been to double down on Washington's out-of-control spending by running trillion-dollar deficits every year he's been in office," Priebus said. "His serial disregard of the nation's finances is mortgaging our children's future, guaranteeing that the next generation will not be better off."

The messaging will combat an effort from the Obama campaign to frame the week's political discussion around Mitt Romney's time leading private equity firm Bain Capital. In a new television commercial released Monday, the president's reelection team features former steelworkers of a company closed during Romney's tenure who criticize the presumptive Republican nominee as a corporate raider.