Third 2016 Presidential Debate: on Budget & Economy


Donald Trump: Economic machine to increase US growth rate to 5% or 6%

Q: Our national debt, as a share of GDP, is now 77%. That's the highest since just after World War II. Under Secretary Clinton's plan, the nonpartisan Committee for a Responsible Federal Budget says, debt would rise to 86% of GDP over the next 10 years. Mr. Trump, under your plan, it would rise to 105% of GDP over the next 10 years.

TRUMP: Well, I say they're wrong, because I'm going to create tremendous jobs. And we're bringing GDP from, really, 1% [growth rate], which is what it is now, and if she got in, it will be less than zero. But we're bringing it from 1% up to 4%. And I actually think we can go higher than 4%. I think you can go to 5% or 6%. And if we do, you don't have to bother asking your question, because we will have created a tremendous economic machine once again, the likes of which we haven't seen in many decades. And people will again go back to work, and we'll have companies that will grow and expand and start from new.

Source: Third 2016 Presidential Debate in Las Vegas Oct 19, 2016

Donald Trump: We're dying at 1% GDP growth; we don't make things anymore

India is growing at 8%. China is growing at 7%. And that for them is a catastrophically low number. We are growing right around the 1% level. And I think it's going down.

Last week, they came out with an anemic jobs report. Look, our country is stagnant. We've lost our jobs. We've lost our businesses. We're not making things anymore, relatively speaking. Our product is pouring in from China, pouring in from Vietnam, pouring in from all over the world.

GDP is at 1% now, and if [Hillary] got in, it will be less than zero. But we're bringing it from 1% up to 4%. And I actually think [with my economic plan] we can go higher than 4%. I think you can go to 5% or 6%. And if we do, you don't have to bother asking [about jobs], because we have a tremendous machine. We will have created a tremendous economic machine once again. To do that, we're taking back jobs. We're not going to let our companies be raided by other countries where we lose all our jobs, we don't make our product anymore. I

Source: Third 2016 Presidential Debate, moderated by Chris Wallace Oct 19, 2016

Hillary Clinton: Don't add a penny to the national debt

Q: The nonpartisan Committee for a Responsible Federal Budget says, under your plan, debt would rise to 77% of GDP to 86% of GDP over the next 10 years.

CLINTON: If you look at the debt, I pay for everything I'm proposing. I do not add a penny to the national debt. I take that very seriously. So when I talk about how we're going to pay for education, how we're going to invest in infrastructure, how we're going to get the cost of prescription drugs down, and a lot of the other issues, I've made it very clear we are going where the money is. We are going to ask the wealthy and corporations to pay their fair share. And there is no evidence whatsoever that that will slow down or diminish our growth. In fact, I think just the opposite. We'll have what economists call middle-out growth. We've got to get back to rebuilding the middle class, the families of America. That's where growth will come from. That's why I want to invest in you. I want to invest in your family.

Source: Third 2016 Presidential Debate in Las Vegas Oct 19, 2016

  • The above quotations are from Third Presidential Debate, Oct. 19, 2016, moderated by Fox News' Chris Wallace.
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2016 Presidential contenders on Budget & Economy:
  Republicans:
Gov.Jeb Bush(FL)
Dr.Ben Carson(MD)
Gov.Chris Christie(NJ)
Sen.Ted Cruz(TX)
Carly Fiorina(CA)
Gov.Jim Gilmore(VA)
Sen.Lindsey Graham(SC)
Gov.Mike Huckabee(AR)
Gov.Bobby Jindal(LA)
Gov.John Kasich(OH)
Gov.Sarah Palin(AK)
Gov.George Pataki(NY)
Sen.Rand Paul(KY)
Gov.Rick Perry(TX)
Sen.Rob Portman(OH)
Sen.Marco Rubio(FL)
Sen.Rick Santorum(PA)
Donald Trump(NY)
Gov.Scott Walker(WI)
Democrats:
Gov.Lincoln Chafee(RI)
Secy.Hillary Clinton(NY)
V.P.Joe Biden(DE)
Gov.Martin O`Malley(MD)
Sen.Bernie Sanders(VT)
Sen.Elizabeth Warren(MA)
Sen.Jim Webb(VA)

2016 Third Party Candidates:
Gov.Gary Johnson(L-NM)
Roseanne Barr(PF-HI)
Robert Steele(L-NY)
Dr.Jill Stein(G,MA)
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Page last updated: Dec 09, 2018