i liked to have been. if i were president, what i would have done is cut federal spending. cap federal spending as a percentage of the total economy then work for a balanced budget amendment. then we could rein back the scale of government. that s what i said june 30th. bret: congressman paul, when standard & poor s downgraded the country s credit rating last week one of the reasons s&p listed was because of the partisan gridlock in washington. what specific things would you do as president to increase growth, calm the markets, create jobs that could pass through a divided congress? they didn t downgrade it because they couldn t come to a conclusion. they couldn t come to a conclusion because they didn t foe what was gong. the country is bankrupt and nobody wanted to admit. these weren t cuts at all. you have to restore sound money. you have to understand why you have a business cycle.
if that is your i was at the tip of the spear fighting against the implementation of obamacare in the congress. nancy pelosi, harry reid and barack obama ran congress, but i gave them a run for their money. again on cap and trade, i was there from the beginning, giving speaker pelosi a run for her money. i was effectively taking them on, on nearly every argument they put forward. i fought when others ran, i fought. and i led against increasing the debt ceiling. [ cheering and applause ] chris: i see six other candidates there. i m going to governor romney. you are campaigning as the man who can fix the economy. let s look at your record sir. you acquired american pad and paper, two u.s. plans were
if you don t, there is no way you can solve the problem. the boons and busts comes from a failed monetary system. the interest rates that are way lower than they should be encourages malinvestment and debt. to get out of that all this other tinkering you can do that unless you liquidate debt. you don t bailout people that are bankrupt and dump the debt on the people. that is what has happened. you have to allow liquidation of debt. then go back and get growth again by having a better tax structure, lower taxes. invite capital back into this country. get less regulation. under those conditions you can have growth again. bret: you can get it through a divided congress? well [ laughing ] the divided congress will exist for a long time to come. yes, you would have to get it through you would have to get it through a divided congress. if you approach it on the principles of liberty, you can
thinking about running. i i had the first government shutdown in 150 years. we did put together a package where i balanced the budget every time in minnesota i was governor. my last budget ended june 30th, this year with a surplus. i regretted the cigarette fee. the courts later held it to be fee. i was a decrease in revenues. my record of leadership in minnesota cutting spending, from historic highs to historic lows. balancing the budget every time. doing health care reform the right way stands in contrast to barack obama. he should cancel his cape cod vacation call congress back into session and get to work on this. barack obama is missing in action. he should have the kind of leadership i had when i was governor of the state. next to representative bachmann. you were in the minnesota
creating that as the execution. nonetheless, she speaks of leading these efforts in washington and minnesota. leading and failing is not the objective. leading and getting results the objective. i got the best record of results as any candidate in this race. this is exactly what i m trying to illustrate. we need to have a president of the united states who stands firm on their conviction. this is what i have demonstrated for everyday that i have been in congress. i ve a consistent record of standing on my convictions. i didn t cut deals with special interests where you put the pro-life issue together with tax increase issues. that s a fundamental, a nonnegotiable. when we come to a nonnegotiable, we must stan. and i stand. governor we are going to come back around. her answer is illogical if