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Could Paul Ryan's plans fix US debt?

15 August 2012 Last updated at 13:55 BST

US Republican presidential candidate, Mitt Romney has chosen Paul Ryan as his running mate for the 2012 election.

Mr Ryan, who is currently chairman of the House Budget committee, is known as a "fiscal hawk" and has called for government spending to be slashed to the bone while also cutting taxes.

Newsnight's Paul Mason analyses his economic policy and what it could mean for the US.