Red, White and Blue

Fixing economy was top topic during Obama/Romney debate

CREATED Oct 3, 2012

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DENVER- President Obama and Mitt Romney traded shots in their first presidential debate Thursday night.

"The status quo is not going to cut it," declared Romney.  Obama accused his rival of seeking to "double down" on economic policies that have failed in the past.

On TODAY'S TMJ4's Facebook page, Renee wrote she wanted the candidates to, "tell me how you plan to fix the economy and not any other b-s that is irrelevant to the issue"

"My number one principle is there will be no tax cut that adds to the deficit. I want to underline that," said Romney.  "No tax cut that adds to the deficit, but I do want to reduce the burden being paid by middle-income Americans."

"The fact is that if you are lowering the rates the way you describe, governor, then it is not possible to come up with enough deductions and loopholes that only affect high-income individuals to avoid either raising the deficit or burdening the middle class," responded Obama.

One criticism in debates is "not enough detail."  Scott wrote on the Facebook page, "I want to hear the candidates tell the truth and not lie.  I want them to give details on what they will do, not just vague commentary about it."

"The way we do it is $2.50 per every cut, we ask for $1 of additional revenue, paid for, as I indicated earlier, by asking those of us who have done very well in this country to contribute a little bit more to reduce the deficit," said Obama.

"I will eliminate all programs by this test: Is the program so critical it's worth borrowing money from China to pay for it and if not, I'll get rid of it.  Obamacare is on my list," said Romney.

Health care was a also big issue. Here's what Mary wrote today:  "I have 2 daughters of college age and neither one has health insurance. I am covered by Medicare."

"And the best course for health care is to do what we did in my state -- craft a plan at the state level that fits the needs of the state and then let's focus on getting the cost down for people rather than raising it with a $2,500 additional premium," said Romney

"We've seen this model work really well in Massachusetts.  Because Governor Romney did a good thing, working with Democrats in the state to set up what is essentially the identical model and as a consequence, people are covered there, it hasn't destroyed jobs," said Obama.

Wednesday night was the first of three presidential debates.  The remaining debates are Tuesday October 16 and Monday October 22.  There's also one debate between Vice President Joe Biden and Janesville Representative Paul Ryan -- it's October 11 in Kentucky.