Third presidential debate transcript: President Barack Obama on Romney’s plan to increase military spending

Edited by Jenny Jiang

Excerpts from the third and final presidential debate at Lynn University in Boca Raton, Florida on Oct. 22, 2012

Transcript of President Barack Obama’s comments on Mitt Romney’s plan to increase military spendings without growing the deficit:

Look, Governor Romney’s called for $5 trillion of tax cuts that he says he’s going to pay for by closing deductions. Now, the math doesn’t work, but he continues to claim that he’s going to do it. He then wants to spend another $2 trillion on military spending that our military is not asking for.

Now, keep in mind that our military spending has gone up every single year that I’ve been in office. We spend more on our military than the next 10 countries combined; China, Russia, France, the United Kingdom, you name it. The next 10. And what I did was work with our joint chiefs of staff to think about, what are we going to need in the future to make sure that we are safe?

And that’s the budget that we’ve put forward. But, what you can’t do is spend $2 trillion in additional military spending that the military is not asking for, $5 trillion on tax cuts. You say that you’re going to pay for it by closing loopholes and deductions, without naming what those loopholes and deductions are. And then somehow you’re also going to deal with the deficit that we’ve already got. The math simply doesn’t work. But when it comes to our military, what we have to think about is not, you know just budgets, we’ve got to think about capabilities.

We need to be thinking about cyber security. We need to be talking about space. That’s exactly what our budget does, but it’s driven by strategy. It’s not driven by politics. It’s not driven by members of Congress, and what they would like to see. It’s driven by, what are we going to need to keep the American people safe? That’s exactly what our budget does, and it also then allows us to reduce our deficit, which is a significant national security concern. Because we’ve got to make sure that our economy is strong at home so that we can project military power overseas.

First of all, the sequester is not something that I’ve proposed. It is something that Congress has proposed. It will not happen.

The budget that we are talking about is not reducing our military spending. It is maintaining it.

But I think Governor Romney maybe hasn’t spent enough time looking at how our military works.

You mentioned the Navy, for example, and that we have fewer ships than we did in 1916. Well, Governor, we also have fewer horses and bayonets, because the nature of our military’s changed. We have these things called aircraft carriers, where planes land on them. We have these ships that go underwater, nuclear submarines.

And so the question is not a game of Battleship, where we’re counting slips. It’s what are our capabilities. And so when I sit down with the Secretary of the Navy and the Joint Chiefs of Staff, we determine how are we going to be best able to meet all of our defense needs in a way that also keeps faith with our troops, that also makes sure that our veterans have the kind of support that they need when they come home.

And that is not reflected in the kind of budget that you’re putting forward because it just doesn’t work.


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One Comment on “Third presidential debate transcript: President Barack Obama on Romney’s plan to increase military spending

  1. Pingback: Analysis: FEMA & federal disaster assistance funding threatened by sequestration, GOP budget cuts | What The Folly?!

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