Town Hall Debate - Spending: How can we trust you with ou...

http://www.c-spanarchives.org/library/vidLink.php?b=1223428710&e=12234290...

Question: How can we trust either of you with our money when both
parties got us into this global economic crisis?


SEN. OBAMA: Well, look, I understand your frustration and your
cynicism, because while you've been carrying out your
responsibilities, most of the people here -- you've got a family
budget; if less money's coming in, you end up making cuts.



cuts.
Maybe you don't go out to dinner as much. Maybe you put off buying a
new car. That's not what happens in Washington. And you're right,
there's a lot of blame to go around. But I think it's important just
to remember a little bit of history.
When George Bush came into office, we had surplus. And now we
have a $0.5 trillion deficit annually. When George Bush came into
office, our debt, national debt was around 5 trillion. It's now over
$10 trillion. We've almost doubled it.
And so while it's true that nobody's completely innocent here, we
have had, over the last eight years, the biggest increases in deficit
spending and national debt in our history. And Senator McCain voted
for four our of five of those George Bush budgets.
So here's what I would do. I'm going to spend some money on the
key issues that we've got to work on. You know, you may have seen
your health care premiums go up. We've got to reform health care to
help you and your budget.
We are going to have to deal with energy because we can't keep on
borrowing from the Chinese and sending money to Saudi Arabia. We are
mortgaging our children's future. We've got to have a different
energy plan. We've got to invest in college affordability.
So we're going to h

Category:

News & Politics

Tags:

• C-SPAN
• Debate
• Town
• Hall
• Spending

[sledge1327]

The dude with a green tie in the background has an awesome mustache. He is my hero.

[maxgrules]

That lady is so funny I can't stand IT! "What are we gonna DO About this CRIISIISS??" (sits down akwardly)

Oh and stfu rhosey001 because FDR was seriously one of the greatest presidents of all time.

[seroconversion]

1. there was an annual budget surplus so great that allan greenspan was worried about what to do with it. There was a 'risk' of paying off the national debt in short order.

2. When George Bush came in he did away with the budget surplus and started racking up the national debt.

3. He never says exactly 10 or 5

5.3 * 2 > 10.1

[benbur69]

McCain never answered the question. I wonder why?

[rhosey001]

Wow, I just watched again and you can't even get the math right if what you said is true.

First "when George Bush came into office we had a surplus." Then "when George Bush came into office we had a deficit of 5 trillion, it is now over 10 trillion, almost double". Almost double? 5T to over 10T you are to stuped for words Obamahole.

[rhosey001]

The "biggest increases in our, national debt, in history" Mr Obama, were under FDR. Ya just gotta do your research before opening your mouth. The national debt under FDR quadrupled. You just said yourself George Bush "almost doubled it". Go back to your stupid friends that you have now disowned and stop fucking around.

[vosiaxan]

Mccain seems to be struggling with memory problems why would we want a president (Mccain) who is not in touch with the world

[velourkungen]

ok so obama answered the question with clear examples mccain started talking about obama. wonder why? lol