Clinton: Romney would be 'calamitous' for the country and world

Speaking at a New York fundraiser for President Obama, Clinton said Obama has the "right" economic policy to promote job growth and long-term budget restraint.

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But he said Republicans' economic policy is "austerity and unemployment now, and then a long-term budget that would explode the debt when the economy recovers so the interest rates would be so high, nobody would be able to do anything."

Read more on Clinton's remarks on The Hill's On The Money blog.