Mitt Romney

as i sure you notic __PUNCT__ the presid ha been travel the countri try to get support for hi new half __PUNCT__ a __PUNCT__ trillion __PUNCT__ dollar stimulu_bill __PUNCT__

he keep tell peopl __PUNCT__ we can't wait __PUNCT__ to which i sai __PUNCT__ ye __PUNCT__ we can __PUNCT__ upon take offic __PUNCT__ thi administr motto wa __PUNCT__ you never want a seriou crisi to go to wast __PUNCT__ sinc then __PUNCT__ it becom clear that thei don't know how to end on __PUNCT__

the unemploy_rate ha been over __NUM__ __PUNCT__ for __NUM___month __PUNCT__

our countri ha been run a deficit for __NUM__ month __PUNCT__

and just last week __PUNCT__ nearli __NUM__ american file new jobless claim __PUNCT__

we know that not the best america can do __PUNCT__

that just the best thi administr can do __PUNCT__

we will do a lot better __PUNCT__

over the last __NUM__ month __PUNCT__ presid_obama ha offer a number of plan for get the economi go __PUNCT__

the problem is that most of hi propos ar base on on idea __PUNCT__ more spend and borrow __PUNCT__

todai __PUNCT__ govern borrow __NUM___cent of everi dollar it spend __PUNCT__

if we stai on the present cours __PUNCT__ we will face tomorrow what greec __PUNCT__ itali __PUNCT__ and spain face_todai __PUNCT__

but there is no nation big enough to bail us out __PUNCT__

it took __NUM___presid over __NUM___year to accumul __MONEY___trillion of nation_debt __PUNCT__

presid_obama is on track to borrow and spend nearli that much in just on term __PUNCT__

hi fundament error is that he believ govern_creat creat_job and opportun __PUNCT__

he wrong __PUNCT__

he put hi faith in govern __PUNCT__

i put my faith in peopl __PUNCT__

that is why i will make govern simpler __PUNCT__ smaller __PUNCT__ and smarter __PUNCT__

thi is not onli good for the economi __PUNCT__ it is a moral_imper __PUNCT__

we cannot with moral conscienc borrow trillion of dollar that can onli be repaid by our children __PUNCT__

we cannot so weaken our econom foundat that we jeopard our abil to preserv freedom __PUNCT__

there ar some who argu that fiscal_respons is heartless and immor __PUNCT__

no __PUNCT__ what is heartless is to imperil our children __PUNCT__

and what is immor is to imperil the strength of the nation that wa found __PUNCT__ under god __PUNCT__ and preserv by hi hand __PUNCT__

thi is a pivot moment in the histori of the countri __PUNCT__

we will either be led by men and women who care onli for the present __PUNCT__ who promis more and ask for less __PUNCT__ and who ignor the tighten noos of debt __PUNCT__ or we will be led by those who believ that deficit matter and who have the courag to act with fiscal respons __PUNCT__

when i becam the governor of massachusett in __NUM__ the state_budget wa out of control __PUNCT__

my legislatur wa __NUM__ __PUNCT__ democrat __PUNCT__

some thought we should just rais_tax or borrow more monei __PUNCT__

i said no __PUNCT__

even with about the most democrat legislatur in the nation __PUNCT__ we didn't just slow the growth of spend __PUNCT__ we cut_spend __PUNCT__

and we turn a __MONEY___billion budget shortfal into a __MONEY__ billion raini dai fund __PUNCT__

i learn how to balanc_budget in busi __PUNCT__

in the privat_sector __PUNCT__ you have no choic __PUNCT__ you either balanc your budget or you go broke __PUNCT__

and you spend everi dollar like it your own __PUNCT__ becaus it is __PUNCT__

someon should have told that to solyndra __PUNCT__

the feder_govern gave them a __MONEY___million loan_guarante to build a factori in fremont __PUNCT__ california __PUNCT__

the footprint cover __NUM__ footbal field __PUNCT__

thei had robot that whistl disnei song __PUNCT__

i am not kid __PUNCT__

thei had __PUNCT__ spa __PUNCT__ like shower with liquid __PUNCT__ crystal displai of the water temperatur __PUNCT__ the compani headquart wa call the __PUNCT__ taj mahal __PUNCT__ of offic_build __PUNCT__

that how govern start a compani __PUNCT__

let me compar solyndra with stapl __PUNCT__ a compani i help get start __PUNCT__

our headquart wa locat in the back of an empti food warehous __PUNCT__

we got some us offic furnitur __PUNCT__ old naugahyd chair __PUNCT__

you had to be an athlet to get out of them __PUNCT__

everi penni we had went into sell the product and attract new custom __PUNCT__

that a differ between the privat_sector and govern __PUNCT__ fiscal_respons __PUNCT__

i took my busi experi and brought it to the olymp __PUNCT__

i came at a time when the game were in crisi __PUNCT__

we had a __MONEY___million budget_deficit __PUNCT__ and some said the game would fail __PUNCT__

the first thing we did wa chang the cultur __PUNCT__

we start with small __PUNCT__ but symbol gestur __PUNCT__

we stop rent fanci confer_room for board meet and charg board_member __MONEY__ for a can of coke and __MONEY__ for a slice of pizza __PUNCT__

we cut the budget for thing like decor __PUNCT__ brochur __PUNCT__ travel __PUNCT__ and motiv speaker __PUNCT__

we could get all the motiv we need from the perform of our athlet __PUNCT__

we want the entir organ to know that everi penni matter __PUNCT__

i us the commonsens principl i had reli on so mani time in the privat_sector to come up with __MONEY___million in immedi budget_cut __PUNCT__

when it wa all said and done __PUNCT__ our olymp were among the most success ever __PUNCT__ and instead of a deficit __PUNCT__ we produc __MONEY___million million_dollar for an endow fund __PUNCT__

in busi __PUNCT__ in the olymp __PUNCT__ and in massachusett __PUNCT__ i learn how to elimin deficit and to produc result __PUNCT__

when i get to the white_hous __PUNCT__ no on will need to teach me how to balanc_budget __PUNCT__

i been do that for __NUM___year __PUNCT__

it is time to level with the american_peopl about what it will take to cut_spend and balanc our budget __PUNCT__ to set honest goal and present a credibl plan to achiev them __PUNCT__

thi won't be easi __PUNCT__

it requir tough choic __PUNCT__

mani believ it can't be done __PUNCT__

i believ it must be done __PUNCT__

i believ in the american_peopl __PUNCT__

when the nation call __PUNCT__ american deliv __PUNCT__

over the last __NUM___month __PUNCT__ presid_obama ha grown feder_spend to __NUM__ __PUNCT__ of the economi __PUNCT__ __NUM__ __PUNCT__ of the gdp __PUNCT__

as presid __PUNCT__ i pledg to reduc spend to __NUM__ __PUNCT__ of gdp by the end of my first term __PUNCT__

i will cap it at that level __PUNCT__

and further __PUNCT__ i will put us on a path to a balanc_budget and a constitut_amend that requir the govern to spend onli what it earn __PUNCT__

to reach the __NUM__ __PUNCT__ goal __PUNCT__ we need to find almost __MONEY___billion in save a year in __NUM__ __PUNCT__

upon take offic __PUNCT__ i will immedi cut discretionari_spend and submit a budget that return spend to pre __PUNCT__ obama level __PUNCT__

howev __PUNCT__ as i said at the citadel __PUNCT__ i will revers presid_obama massiv defens cut __PUNCT__

ani save we will find in the defens_budget we will re __PUNCT__ direct to rebuild our navi and our air_forc __PUNCT__ to add activ_duti soldier and sailor __PUNCT__ and to provid the care our veteran deserv __PUNCT__

the world ha not becom a less danger place __PUNCT__

we must preserv our commit to a militari that is so strong __PUNCT__ no nation would ever think of test it __PUNCT__

my roadmap to a smaller __PUNCT__ simpler govern combin three separ approach __PUNCT__

first __PUNCT__ elimin and cut program __PUNCT__

that will start with the easiest cut of all __PUNCT__ i will repeal_obamacar __PUNCT__

thi alon will save us __MONEY___billion a year __PUNCT__

it bad_law __PUNCT__ bad_polici __PUNCT__ and when i presid __PUNCT__ the bad new of obamacar will be over __PUNCT__

there ar mani other feder_program that we must either dramat scale_back or cut out entir __PUNCT__

for each program __PUNCT__ i will ask thi question __PUNCT__ is thi program so critic __PUNCT__ so essenti __PUNCT__ that we should borrow_monei from china to pai for it __PUNCT__ i like amtrak __PUNCT__ but i not will to borrow __MONEY___billion a year to subsid it __PUNCT__

i like the nation_endow for the art __PUNCT__ the nation endow for the human __PUNCT__ and the corpor for public_broadcast __PUNCT__ but i refus to borrow almost __MONEY___billion a year from china to pai for them __PUNCT__

and then there foreign_aid __PUNCT__

did you know that we give __MONEY___million a year in foreign_aid to china __PUNCT__ i will stop send monei to ani countri that can take care of itself __PUNCT__

and no foreign aid will go to countri that oppos american_interest __PUNCT__

we spend___MONEY__ __MONEY___million a year on group like plan_parenthood __PUNCT__ which provid abort or abort __PUNCT__ relat servic __PUNCT__

it long past time for that to be over __PUNCT__

so first __PUNCT__ we will elimin or cut program that ar not absolut essenti __PUNCT__

second __PUNCT__ we return numer feder_program to the state __PUNCT__

that becaus innov __PUNCT__ cost manag __PUNCT__ and reduct of fraud and abus can far exce what washington is abl to achiev __PUNCT__

medicaid is a prime exampl __PUNCT__

we need to turn medicaid back to the state and allow them to craft the healthcar solut that suit their citizen best __PUNCT__

by limit the growth of medicaid fund to cpi plu on percent __PUNCT__ we will save___MONEY__ __MONEY___billion a year __PUNCT__

todai __PUNCT__ nine feder_agenc run __NUM__ differ feder worker retrain program at a cost of __MONEY___billion a year __PUNCT__

just imagin how much is spent on overhead __PUNCT__

i will send those workforc train dollar back to the state __PUNCT__ empow them to retrain worker in wai that fit the need of their respect economi __PUNCT__

in the process __PUNCT__ we can save billion of dollar __PUNCT__

final __PUNCT__ in addit to cut program and return program to state __PUNCT__ there is a third approach to rein __PUNCT__ in feder_spend __PUNCT__

it is to impos far greater product and effici on govern itself __PUNCT__ just like is regularli done in everi success busi in the countri __PUNCT__

let me give you an exampl of just how out of control govern ha becom __PUNCT__

former secretari of the navi john lehman report that dure the second world_war __PUNCT__ we commiss __NUM__ ship a year __PUNCT__ and the navi purchas depart that year __PUNCT__ which thei call the bureau of ship __PUNCT__ had __NUM___employe __PUNCT__

by the time john wa secretari dure the reagan_administr __PUNCT__ we commiss __NUM__ ship a year __PUNCT__

and navi purchas had grown to __NUM___peopl __PUNCT__

todai __PUNCT__ we commiss __NUM__ ship a year __PUNCT__

and purchas __PUNCT__ it grown to __NUM__ peopl __PUNCT__

a busi like that would be out of busi __PUNCT__

we must cut the size of the feder workforc __PUNCT__

on presid_obama watch __PUNCT__ we ad more than __NUM___feder worker __PUNCT__

the american_peopl ar increasingli work to support the govern __PUNCT__

it should be the other wai around __PUNCT__

i will reduc the feder payrol by at least __NUM__ __PUNCT__ save___MONEY__ __MONEY___billion a year __PUNCT__

and we can save billion more by cut extran feder contractor __PUNCT__

it not just the size of the feder workforc __PUNCT__ it also the cost __PUNCT__

sinc presid_obama took offic __PUNCT__ the number of feder worker make___MONEY__ or more ha doubl __PUNCT__

i will limit the salari and benefit of worker in the public_sector to those for worker in the privat_sector __PUNCT__

public_servant should not get a better deal than the taxpay thei work for __PUNCT__

by link govern pai with privat_sector pai __PUNCT__ we will save as much as __MONEY___billion a year __PUNCT__

there ar still other wai to make the feder_govern govern_work more effici and effect __PUNCT__

we will attack the rampant fraud that exist in numer govern_program by enact far stiffer penalti for those who steal from taxpay __PUNCT__

cut improp payment in half can save more than __MONEY___billion a year __PUNCT__

and we can save nearli __MONEY__ billion a year by repeal a polit giveawai that protect union from competit and drive up the cost of govern_contract __PUNCT__ it time to repeal davi bacon __PUNCT__

we will also find save by combin certain govern_agenc and depart __PUNCT__

for exampl __PUNCT__ it make veri littl sens that trade_polici and program ar administ by so mani offic in so mani depart __PUNCT__

todai __PUNCT__ trade matter ar hous in the offic of the u. __PUNCT__ trade repres __PUNCT__ the depart of commerc __PUNCT__ the intern_trade commiss __PUNCT__ the intern trade administr __PUNCT__ the depart of homeland_secur __PUNCT__ and the depart of the treasuri __PUNCT__

and guess who gather our trade data __PUNCT__ none of the abov __PUNCT__ it the censu_bureau __PUNCT__

too mani chef not onli spoil the broth __PUNCT__ thei make it ined and prohibit expens __PUNCT__

in sum __PUNCT__ i will make the feder_govern simpler __PUNCT__ smaller __PUNCT__ and smarter by elimin program __PUNCT__ by send program back to the state __PUNCT__ and by make govern more product __PUNCT__

i will provid for the nation_defens __PUNCT__ enforc our law __PUNCT__ preserv our safeti_net __PUNCT__ and honor all our promis to our elderli __PUNCT__

thi is the right cours for a moral nation __PUNCT__

deficit do in fact matter __PUNCT__

thei matter if we want to convinc entrepreneur to start busi __PUNCT__

thei matter if we want employ to start hire __PUNCT__

thei matter if america is to avoid the shoal of econom calam __PUNCT__

thei matter if america is to remain the shine_citi on a hill __PUNCT__

to those who sai that deficit don't matter __PUNCT__ to those who spend and borrow to win the prais of the short __PUNCT__ sight __PUNCT__ we assert that you ar in the wrong __PUNCT__ and we ar in the right __PUNCT__

my dad us to sai that __PUNCT__ the pursuit of the difficult make men strong __PUNCT__ our next presid is go to face difficult choic __PUNCT__

among these will be the futur of social_secur and medicar __PUNCT__

in their current form __PUNCT__ these program will go bankrupt __PUNCT__

i know that __PUNCT__ you know that __PUNCT__ and even our friend in the other parti know that __PUNCT__

the differ is that i will be honest about strengthen and preserv them __PUNCT__ and thei won't __PUNCT__

presid_obama ha fail to articul a singl seriou idea to save social_secur __PUNCT__

i believ we can save social secur with a few commonsens reform __PUNCT__

first __PUNCT__ there will be no chang for retire or those near retir __PUNCT__

no chang __PUNCT__

second __PUNCT__ for the next gener of retire __PUNCT__ we should slowli rais the retir_ag __PUNCT__

and __PUNCT__ final __PUNCT__ for the next gener of retire __PUNCT__ we should slow the growth in benefit for those with higher_incom __PUNCT__

while presid_obama ha been silent on social_secur __PUNCT__ hi agenda for medicar is disastr __PUNCT__

he the onli presid in modern_histori who ha cut medicar for senior __PUNCT__ do not forget __PUNCT__ it wa presid_obama who cut __MONEY___billion from medicar __PUNCT__ not to preserv it or sustain it __PUNCT__ but to pai for hi vaunt obamacar __PUNCT__

and he put the futur of medicar in the hand of __NUM__ unelect_bureaucrat __PUNCT__

these bureaucrat have the power to enact further cut to medicar without congression_approv __PUNCT__ even if those cut overturn a law previous pass by congress __PUNCT__

presid_obama so __PUNCT__ call medicar reform could lead to the ration or denial of care for senior on medicar __PUNCT__

unlik presid obama __PUNCT__ our next presid must protect medicar __PUNCT__ improv the program __PUNCT__ and keep it sustain for gener to come __PUNCT__

sever principl will guid my effort __PUNCT__

first __PUNCT__ medicar should not chang for anyon in the program or soon to be in it __PUNCT__

we should honor our commit to our senior __PUNCT__

second __PUNCT__ as with social_secur __PUNCT__ tax_hike ar not the solut __PUNCT__

we couldn't tax our wai out of unfund_liabil so larg __PUNCT__ even if we want to __PUNCT__

third __PUNCT__ tomorrow senior should have the freedom to choos what their health_coverag look like __PUNCT__

younger_american american_todai __PUNCT__ when thei turn___NUM__ should have a choic between tradit medicar and other privat healthcar_plan that provid at least the same_level of benefit __PUNCT__

competit will lower_cost and increas the qualiti of healthcar for tomorrow senior __PUNCT__

the feder_govern will help senior pai for the option thei choos __PUNCT__ with a level of support that ensur all can obtain the coverag thei need __PUNCT__

those with lower incom will receiv more gener assist __PUNCT__

beneficiari can keep the save from less expens option __PUNCT__ or thei can choos to pai more for a costlier plan __PUNCT__

final __PUNCT__ as with social_secur __PUNCT__ the elig ag should slowli increas to keep pace with increas in longev __PUNCT__

these idea will give tomorrow senior the same_kind of choic that most american have in their healthcar todai __PUNCT__

the futur of medicar should be mark by competit __PUNCT__ choic __PUNCT__ and innov __PUNCT__ rather than bureaucraci __PUNCT__ stagnat __PUNCT__ and bankruptci __PUNCT__

our path for the futur of social_secur and medicar is honesti and secur __PUNCT__ their is demagogueri and decept __PUNCT__

the plan i propos to make govern simpler __PUNCT__ smaller __PUNCT__ and smarter repres the biggest fundament chang to the feder_govern in modern_histori __PUNCT__

it is a chang we must make if the word __PUNCT__ full faith and credit of the unit_state __PUNCT__ ar to mean anyth at all __PUNCT__

we not the first peopl to come to thi realiz __PUNCT__

and we won't be the first peopl to be critic for believ that respons is a virtu __PUNCT__

presid_ronald ronald_reagan share our convict __PUNCT__

in hi first inaugur_address __PUNCT__ he said __PUNCT__ it is not my intent to do awai with govern __PUNCT__

it is rather to make it work __PUNCT__ work with us __PUNCT__ not over us __PUNCT__ stand by our side __PUNCT__ not ride on our back __PUNCT__

govern can and must provid opportun __PUNCT__ not smother it __PUNCT__ foster product __PUNCT__ not stifl it __PUNCT__ the task befor us now is to reaffirm our convict in the belief and valu that unit us __PUNCT__ in the challeng and opportun that face us __PUNCT__ and in the victori that await us __PUNCT__

thank you __PUNCT__

god_bless you __PUNCT__

and god_bless_america __PUNCT__