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KSPR talks with Senator Obama about balancing the budget

By Kyle Bosch

During his visit to Springfield Wednesday, Barack Obama touted tax cuts and more stimulus checks as a way to turn the economy around.

He also promised not to balance the budget on the backs of working families.

Sen. Barack Obama says, "Let me be clear. If your family is making less than 250 thousand dollars a year you will not see your taxes go up."

After the speech we talked to the senator about more specifics of his budget plans.

Obama says they include rolling back the bush tax cuts for the wealthiest Americans, closing corporate tax loopholes, and cutting what he calls wasteful spending on things like the Medicare Advantage Program.

Sen. Obama says, "We essentially provide subsides to insurance companies to participate in a government program when they don't have a lot of risk involved... that's just giving billions of dollars away."

Even still, Obama admits balancing the budget won't happen overnight and, if elected, maybe not even during his first term.

Sen. Obama says, "We've dug ourselves too deep a hold and I think that anybody who claims they're going to balance the budget in two years or three years just isn't telling the truth."

Long term Obama says the real key to solving the budget crisis is the same thing many families need, reigning in health care costs.

Sen. Obama says, “"That's where the huge growth in government spending and expense is taking place and we've got to make sure we get a handle on health care costs not just for families but for the federal government budget."

Monday, Aug 4 at 2:33 AM Romeo Moblaq wrote ...

Never ever in trhe history of American presidential election, has there been a unifier, strategist, level headed, fairly educated, champion of change, respectable, charismatic, noble, and hard worker, in the race. The race has always been characterised by the likes of John McCain (read McNasty, divisive politics, old washington policies, a total runover of the blue collar 'n women's rights, lack of knowledge i.e. graduating in third position from the bottom in a class of 600, lack of deplomacy)

Friday, Aug 1 at 11:12 AM Abdullahi Abubakar wrote ...

Thanks America and Americans for once showing a good leadership by exmaple, having shown the rest of the world and humanity in general that a good leadership material has no colour or race or religion. I particulrly praise the American youth for their overwhelming support and desire to see Senator Barack Obama become the president of the most powerful nation on earth.Barack Obama fans in Nigeria last week went round Abuja, the capital city of Nigeria to voice out their support. Thank USA!! luv u

Thursday, Jul 31 at 9:11 PM Daryl Pauley wrote ...

I believe! Vote Obama! After so many years of lies on top of lies, isn't every thinking person tired of Republican rule? Can our country afford any more of this rule by the few for the few.

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