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Transcript: Republican VP Nominee Paul Ryan

The GOP VP nominee’s remarks to AARP members

We’re also going to repeal Obamacare and replace it with real reform. That’s also going to give businesses the certainty they need to start hiring again. And in a Romney-Ryan administration, American workers and small businesses will start getting the respect they deserve. After all their hard work, what they deserve to hear is the truth: Yes, you did build that business.

There’s another threat to our economic security, and it’s our debt. It’s hurting our economy now — and if we don’t tackle it soon, it will tackle us.

The president came into office promising to cut the deficit in half by the end of his first term. Instead, he added $5 trillion to the debt and presided over our nation’s first credit downgrade. Friends, if we continue down the road that Europe is on, we’ll get European results. That means harsh cuts in benefits for those who depend on them, along with crushing tax increases. The Federal Reserve can’t keep bailing us out forever. It can only offer a short-term fix that comes at a long-term cost — and it’s our seniors who will literally pay the price. The Fed’s actions are already having an effect on energy and food prices, forcing our nation’s seniors to stretch their fixed incomes. All this money-printing hurts savers. It threatens the future value of our money, and seniors are bearing most of the risk.

Mitt Romney and I will take America off this dangerous path. We will bring back real economic growth. We will cut and cap spending. And we will restore America’s triple-A credit rating.

We can do this. We still have time to get this right. Whenever I think about the challenges we’re facing, I think about my mom. Whether it’s the mid-career worker who has to start over, the senior who relies on Medicare today, or the grandparent who wants to make sure her grandkids inherit a stronger America. That’s my inspiration. And because I had such a strong example in my own life, I have an unshakeable belief in the resilience, wisdom and ability of the American people to solve these problems.

For mid-career Americans, let’s put a president in the White House who will champion small businesses, so people can go back to work. For those on Medicare today, let’s repeal Obamacare. Let’s keep our promises to seniors. And for future generations, let’s strengthen our health and retirement security programs so that they can count on them when they retire. Let’s grow the economy so they have opportunities to succeed. Let’s work to leave our grandkids with a debt-free nation.

Friends, it will be a long journey, and we can make that journey only together. So I ask you today to join us in the work to come. Your support, and the programs you care about, have been taken for granted long enough. Let’s meet these challenges, not as Democrats and as Republicans, but as Americans. Join us, help us, work with us, and I know that we can get this done.

Thank you, everybody, for your time, for your patience. God bless and I’d be happy to take your questions. Thank you. Thank you.

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