Mitt Romney on Tax-Plan Numbers: 'They Add Up'

GOP candidate defends his tax plan, attacks President Obama's handling of the economy.
3:00 | 10/16/12

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Transcript for Mitt Romney on Tax-Plan Numbers: 'They Add Up'
If it shouldn't -- up. If some -- you get in there there isn't enough tax revenue coming in. It's somehow the numbers don't add would you be willing to look again at a -- point sample of that. Of course they add up I I was I was someone who ran businesses. For 25 years and balance the budget. -- ran the Olympics and balance the budget. I ran the the state of Massachusetts as a governor to the extent any governor -- and balance the budget all four years what we're talking about math doesn't add up. How about four trillion dollars -- deficits over the last four years five trillion. That's -- doesn't add up. We have we -- we have a president talking about someone's plan it in a way that's completely. Foreign to -- -- real plan is. And then we have his own record which is we have four consecutive years where he said when he was running for office he would cut the deficit in half. Instead he's doubled it. We've gone from ten trillion dollars in national debt to sixteen trillion dollars in national debt. If the president were reelected we go to almost twenty trillion dollars of national debt. This puts us on a road to Greece. I know what it takes to balance budgets I've done -- my entire life. So Francis when he says yours is the five trillion dollar cut will no it's not because I'm offsetting some of the reductions with holding down some of the deductions. And the governor I got -- -- I -- -- oddly absent to have you both and I understand state searing image via boat view but. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- And they can put their their their deductions and credits that that you're -- the world keeping track -- issue.

This transcript has been automatically generated and may not be 100% accurate.

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