In this installment of his campaign's "Ask Mitt Anything" series, Former Massachusetts Gov. Mitt Romney (R) said the government can move closer towards solving the national debt by balancing the federal budget. Romney said the government can save over $300 billion a year by capping non-military and discretionary spending by one percent less than the rate of inflation.

"If Congress sends me appropriations bills that exceed that amount, I will veto them," Romney said. "I like vetoing."