If you believe the pundits, President Barack Obama and Republican challenger Mitt Romney are 1-1 when it comes to who won the first two debates.
That means Monday's meetup will break the tie.
The third presidential debate between Obama and Romney is set for 9 p.m EST on Monday, Oct. 22. This time, all questions will deal with foreign policy.
AOL will provide a live stream of the debate.
TV Channels Broadcasting Live: ABC, NBC, FOX, CBS, CNN, Fox News, MSNBC and more, including CNN Espanol.
Live Streaming Online: YouTube's Election Hub, AOL.
Are you having a viewing party on Long Island? Let us know about it in the comments.
October 22, 2012
Presidential
Topic: Foreign policyAir Time: 9-10:30 p.m. Eastern Time
Location: Lynn University in Boca Raton, Florida (Tickets)
Sponsor: Commission on Presidential Debates
Participants: President Barack Obama and Governor Mitt Romney
Moderator: Bob Schieffer (Host of Face the Nation on CBS)
According to the CPD, "The format for the debate will be identical to the first presidential debate and will focus on foreign policy."
The fact is, there were only individual surpluses in the annual budgets for Clinton's last three years, '98, '99, and 2000; not a total surplus that could be "inherited". While Clinton deserves tremendous credit for continually reducing the amount that was added to the debt, overall he added $320B to the national debt, which stood at just over $5.6 Trillion when he left office. In 2008, as Bush was leaving office, the National Debt stood at a bit over $10.4 Trillion, an increase of $4.8 Trillion. Not quite double, but admittedly pretty close. HOWEVER, with the National Debt now sitting at over $16 Trillion, an increase of $5,6 Trillion, it cannot be denied that the Obama administration has added more debt in 4 years than the Bush administration did in 8 years. Obama has not had a single year where the budget deficit has not been more than double Bush's worst year.
Two words: "sarcasm" and "satire"... please look them up.
Yes, Obama has increased the national debt. But the Bush recession and tax cuts left a structural budget deficit. If Obama didn't add stimulus spending and save the auto industry, we would still be in a depression. So he took the right steps. It is now time for both parties to get together to reduce the budget deficits by a combination of tax increases (yes, I mentioned the tea party dirty words) and spending cuts.
DING-DING.... we have a winner in the "Understatement of the Decade" award!!! And yes Bob, a budget surplus is an annual event, so please explain to us all how it can be "inherited". "structural budget deficit" - I must admit, I had to look that one up but it makes sense. However the definition in the Finacial TImes Lexicon includes this: "Structural deficits will eventually pose a problem for any government. Deficits are financed by borrowing, and continued borrowing leads to an accumulation of debt. The ability to pay off this debt is measured by a country’s debt relative to its GDP, referred to as its debt-to-GDP ratio. If a country’s debt-to-GDP ratio gets too high, investors will worry that the government will either default on this debt, or will deflate its value away by monetising the debt and thereby engineer a high inflation rate." So it's worth noting that thanks to Obama's nearly $6 Trillion, 4-year contribution our National Debt now exceeds exceeds our GDP for the first time in our history... and what is the administration doing about it? Monetising the debt by printing more money - brilliant.