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Debate Flashback '08: Obama and McCain on Specific Programs They'd Cut

BEGIN TRANSCRIPT

RUSH: Audio sound bites.  Barack Obama, October 15th, 2008, in Hempstead, New York, the third and final presidential debate between Barack Hussein Obama, mmm, mmm, mmm, and Senator John McCain.  The moderator was Bob Schieffer of CBS News who said, "Give us some specifics, Senator Obama, on what you're going to cut."

OBAMA:  I think it's important for the American public to understand that the $750 billion rescue package, if it's structured properly -- and as president I will make sure it's structured properly -- means that ultimately taxpayers get their money back, and that's important to understand. 

RUSH:  Hold it a second.  Wait a minute.  I didn't even know that was coming.  Gotta go back to the top here.  That's an added bonus.  He's talking about his Porkulus bill here.  We haven't even gotten to what I thought was gonna be the meat and potatoes of this, failure to be able to name any places to cut.  He just said, "if it's structured properly -- and as president I will make sure it's structured properly." See, this is the kind of stuff that makes the crease in the pants crowd think he's brilliant and well spoken. "If it's structured properly -- and as president I will make sure it's structured properly." Okay, case closed, he's gonna take care of it.  See, no doubts.  That means ultimately taxpayers get their money back.  By the way, your taxes next year are going up, everybody's, an average of three to $4,000.  Your health care premiums are going up, and here he's saying in 2008 you'll get your money back with his stupid plan.  Well, an added bonus, I didn't even know that was in there.  Here it is.  I didn't remember that.

OBAMA:  I think it's important for the American public to understand that the $750 billion rescue package, if it's structured properly -- and as president I will make sure it's structured properly -- means that ultimately taxpayers get their money back.  And that's important to understand.  But there is no doubt that we've been living beyond our means, and we're gonna have to make some adjustments.  Now, what I've done throughout this campaign is to propose a net spending cut.  I haven't made a promise about --

SCHIEFFER:  Cut some of these programs, sir.

OBAMA:  Absolutely, so let me get to that.  What I want to emphasize, though, is that I have been a strong proponent of pay-as-you-go.  Every dollar that I've proposed, I proposed an additional cut so that it matches.  And some of the cuts, just to give you an example, we spend $15 billion a year on subsidies to insurance companies.  It doesn't -- under the Medicare plan, it doesn't help seniors get any better, it's not improving our health care system, it's just a giveaway.

RUSH:  Okay, Schieffer, mildly frustrated, says, "Senator McCain, the question was, what are you going to cut?"

MCCAIN:  Energy independent. We have to have nuclear power. We have to stop sending $700 billion a year to countries that don't like us very much. It's wind, tide, solar, natural gas, nuclear, off-shore drilling, which Senator Obama has opposed. And the point is that we become energy independent and we will create millions of jobs -- millions of jobs in America.  I would have across-the-board spending freeze, okay? Some people say that's a hatchet. That's a hatchet, and then I would get out a scalpel, okay?

SCHIEFFER:  Which ones? 

MCCAIN:  I have fought against -- well, one of them would be the marketing assistance program. Another one would be a number of subsidies for ethanol

RUSH:  So McCain finally got specific.  Obama never was.  And they look the other way.  But I just play this sound bite because everybody is in a tizzy in the media and people on our side going nuts over Rick Perry's gaffe.

END TRANSCRIPT

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