Romney Ad In NH Touts Business Background, Calls For Federal Spending Cap

Mitt Romney has released a new TV ad in New Hampshire, calling for a cap on federal spending at 20 percent of GDP, and a balanced budget amendment.

“I spent my life in the private sector,” Romney says in the ad, using a clip from a CNN debate. “I’ve competed with companies around the world. I’ve learned something about how it is that economies grow.”