[Notes:Aug. 20, 2012][Notes:Pool][Notes:Manchester, New Hampshire][Notes:Mitt Romney / (R) Presidential Candidate]SOT: And so when Democrats say oh just raise taxes, what they don't understand is that raising taxes slows down growth. Like a dog chasing its tail you're never going to get to the balanced budget by raising taxes. You have to encourage growth. That's why our policies are focused on, one, bringing down spending and two, encouraging growth. That's why we champion small business. That's why we champion our energy resources. We want to grow this economy and cut federal spending. You do those two things, we get to a balanced budget and ultimately we get rid of this debt. Thank you so much. Paul? Now this guy ... I want to hear what he has to say on this topic. He's been working on this for the last 14 years.[Notes:Rep. Paul Ryan (R) Vice Presidential Candidate]SOT: I can't really top that. That is the magic secret, pro-growth economics to get people back to work. Going from collecting unemployment checks to creating and building businesses to having a paycheck that brings in more revenues for economic growth. Cut spending, reform government programs so they are paid for. The problem is that we've had decades of politicians from both political parties making lots of empty promises to voters to get re-elected. And what will happen is if we have a debt crisis, those empty promises become broken promises with painful consequences unless we act. Turn on your TV at home, look at Europe. That's what happened. They made all these empty promises, they've got a debt crisis now they're in recession and slashing health and retirement benefits for current seniors. Raising taxes, slowing down the economy. Young people don't have jobs. We need to prevent and preempt that and that is what this designed to do. Get people back to work, cut spending, reform government, prevent us from being Europe. And then we'll be the port in the storm in the global economy. America will be the place you want to create jobs, have your company. This is the engine of economic growth we've had before. We can turn it around. And if we do that, then we'll get our debt under control and get it paid off and our kids and grandkids will have a debt-free nation just like our parents. They took on the challenges in their generation and we can do that and we revive the American idea and the American legacy.(****END****) VIDEO PRODUCER: ---------------------------VIDEO SOURCE: Pool-----------------------VIDEO APPROVAL: ----------------------------VIDEO RESTRICTIONS: ----------------------------------MARKET EMBARGO (S): --------------------------------SCRIPT/WIRE SOURCE: