Latest / Real Donald Trump Wisdom / DJT Audio Archive: Republican Debate #3 - Boulder, Colorado (October 28, 2015)

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DJT Audio Archive: Republican Debate #3 - Boulder, Colorado (October 28, 2015) · Real Donald Trump Wisdom

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  Oh, beautiful for spacious skies. Restore that
• 0:06
  shining city on a hill. The sun's coming up in
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  America again. For amber waves of gray. We are
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  facing an economic transformation. Most American
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  workers have been punched in the gut. For purple
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  mountain majesty. We have an economy that is
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  weak. Gotta create jobs here. Powerless are getting
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  crushed. Above the fruited plain. The entire
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  political system is to blame. Throw them out
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  of office. How stupid are they? Colorado, the
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  inspiration for America the Beautiful, is now
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  a battleground state in the race for the White
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  House. We're in the midst of a contentious campaign
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  unlike any we've seen before. Frustrated voters
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  living in a nation many believe is in need of
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  economic repair. Who will best tackle the toughest
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  issues facing our country's financial future?
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  The global economy is shrinking. The U .S. debt
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  is growing. The American middle class faltering.
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  Tonight, we're in Colorado, a state representing
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  change, blazing new trails, leading the way for
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  a new and controversial industry. The best team
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  in business is here to test the candidates in
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  the first debate dedicated to your money, your
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  vote. Live from the University of Colorado in
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  Boulder, the Republican presidential debate.
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  Good evening, I'm Carl Quintanilla with my colleagues
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  Becky Quick and John Harwood. We'll be joined
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  tonight by some of CNBC's top experts on the
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  markets and personal finance. Let's get through
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  the rules of the road. Candidates get 30 seconds
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  to answer the opening question, 60 seconds to
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  answer a formal question, 30 seconds for follow
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  -ups and rebuttals, all at the discretion of
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  the moderators. We want you to weigh in from
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  home. You'll see your tweets at the bottom of
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  the screen. Use the hashtag CNBCGOPDebate. You
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  can also go to CNBC .com slash vote. to tell
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  us where you stand throughout the night. So let's
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  introduce the candidates for tonight's Republican
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  presidential debate. On the stage from left to
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  right, Governor John Kasich. Governor Mike Huckabee.
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  Governor Jeb Bush. Senator Marco Rubio. Mr. Donald
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  Trump. Ben Carson, Mrs. Carly Fiorina, Senator
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  Ted Cruz, Governor Chris Christie and Senator
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  Rand Paul. A lot to get to tonight, so let's
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  get started. This first is an open question.
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  This series of debates is essentially a job interview
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  with the American people. You know this. You
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  get asked, what's your biggest weakness? So in
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  30 seconds, without telling us that you try too
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  hard or that you're a perfectionist, what is
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  your biggest weakness and what are you doing
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  to address it? We'll go left to right. Governor
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  Kasich, 30 seconds. Good question, but I want
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  to tell you, my great concern is that we are
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  on the verge, perhaps, of picking someone who
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  cannot do this job. I've watched to see people
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  say that we should dismantle Medicare and Medicaid
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  and leave our senior citizens out. out in the
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  cold. I've heard them talk about deporting 10
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  or 11 people here from this country, out of this
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  country, splitting families. I've heard about
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  tax schemes that don't add up, that put our kids
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  in a deeper hole than they are today. We need
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  somebody who can lead. We need somebody who can
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  balance budgets, cut taxes. And, you know, frankly,
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  I did it in Washington and Ohio, and I will do
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  it again in Washington if I'm president to get
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  this country moving again. Governor Huckabee.
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  Well, John, I don't really have any weaknesses
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  that I can think of. But my wife is down here
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  in the front, and I'm sure if you'd like to talk
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  to her later, she can give you more than you'll
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  ever be able to take care of. If I have a weakness,
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  it's that I try to live by the rules. I try to
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  live by the rules, no matter what they are, and
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  I was brought up that way as a kid. Play by the
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  rules. And I'll tell you what a weakness is of
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  this country. There are a lot of people... who
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  are sick and tired because Washington does not
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  play by the same rules that the American people
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  have to play by. Thank you, Governor. Governor
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  Bush. You know, I am, by my nature, impatient,
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  and this is not an endeavor that rewards that.
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  You've got to be patient. You've got to stick
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  with it and all that. But also, I can't fake
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  anger. I believe this is still the most extraordinary
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  country on the face of the earth, and it troubles
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  me that people are rewarded for tearing down
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  our country. It's never been that way in American
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  politics before. I can't do it. I just don't
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  believe that this country's days are going to
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  be deeply, you know, going down. I think we're
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  on the verge of the greatest time, and I want
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  to fix the things to let people rise up. Senator
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  Rubio. Thank you for that question. I would begin
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  by saying that I'm not sure it's a weakness.
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  But I do believe that I share a sense of optimism
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  for America's future that today is eroding from
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  too many of our people. I think there's a sense
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  in this country today that somehow our best days
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  are behind us, and that doesn't have to be true.
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  Our greatest days lie ahead if we are willing
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  to do what it takes now. If we are willing to
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  do what it takes now, the 21st century is going
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  to be the new American century, greater than
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  any other era we've had in the history of this
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  great nation. Mr. Trump. I think maybe my greatest
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  weakness is that I trust people too much. I'm
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  too trusting. And when they let me down, if they
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  let me down, I never forgive. I find it very,
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  very hard to forgive people that deceived me.
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  So I don't know if you would call that a weakness,
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  but my wife said, let up. Dr. Carson. Probably
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  in terms of applying for a job of president,
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  the weakness would be not really seeing myself
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  in that position until... hundreds of thousands
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  of people began to tell me that I needed to do
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  it. I do, however, believe in Reagan's 11th commandment
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  and will not be engaging in awful things about
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  my compatriots here. And recognizing that it's
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  so important, this election, because we're talking
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  about America for the people versus America for
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  the government. Mrs. Fiorina. Well, gee, after
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  the last debate, I was told that I didn't smile
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  enough. Fixed it. But I also think that these
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  are very serious times. 75 % of the American
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  people think the federal government is corrupt.
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  I agree with them. And this big, powerful, corrupt
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  bureaucracy works now only for the big, the powerful,
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  the wealthy, and the well -connected. In the
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  meantime... Wages have stagnated for 40 years.
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  We have more Americans out of work or just Americans
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  who've quit looking for work for 40 years. Ours
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  was intended to be a citizen government. This
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  is about more than replacing a D with an R. We
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  need a leader who will help us take our government
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  back. Senator Cruz. I'm too agreeable. Easy going.
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  You know, I think my biggest weakness is exactly
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  the opposite. I'm a fighter. I am passionate
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  about what I believe. I've been passionate my
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  whole life about the Constitution. And, you know,
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  for six and a half years, we've had a gigantic
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  party. If you want someone to grab a beer with,
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  I may not be that guy. But if you want someone
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  to drive you home, I will get the job done, and
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  I will get you home. Governor Christie? I don't
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  see a lot of weakness on this stage, quite frankly.
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  Where I see the weakness in those three people
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  that are left on the Democratic stage, you know,
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  I see a socialist, an isolationist, and a pessimist.
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  And for the sake of me, I can't figure out which
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  one is which. But I will. But I will tell you
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  this, the socialist says they're going to pay
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  for everything and give you everything for free,
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  except they don't tell you they're going to raise
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  their taxes to 90 % to do it. The isolationist
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  is the one who wants to continue to follow a
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  foreign policy that has fewer democracies today
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  than when Barack Obama came into office around
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  the world. But I know who the pessimist is. It's
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  Hillary Clinton. And you put me on that stage
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  against her next September, she won't get within
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  10 miles of the White House. Take it to the bank.
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  Senator Paul. You know, I left my medical practice
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  and ran for office because I was concerned about
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  an $18 trillion debt. We borrow a million dollars
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  a minute. Now on the floor of the Congress, the
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  Washington establishment from both parties puts
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  forward a bill that will explode the deficit.
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  It allows President Obama to borrow unlimited
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  amounts of money. I will stand firm. I will spend
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  every ounce of energy to stop it. I will begin
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  tomorrow to filibuster it, and I ask everyone
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  in America to call Congress tomorrow and say,
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  enough's enough, no more debt. Thanks to all
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  the candidates. John? Mr. Trump, you've done
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  very well in this campaign so far by promising
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  to build a wall and make another country pay
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  for it, send 11 million people out of the country,
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  cut taxes $10 trillion without increasing the
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  deficit. Right. and make Americans better off
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  because your greatness would replace the stupidity
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  and incompetence of others. That's right. Let's
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  be honest. Is this a comic book version of a
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  presidential campaign? No, it's not a comic book.
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  And it's not a very nicely asked question the
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  way you say that. Larry Kudlow is an example,
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  who I have a lot of respect for, loves my tax
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  plan. We're reducing taxes to 15%. We're bringing
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  corporate taxes down, bringing money back in,
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  corporate inversions. $2 .5 trillion outside
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  of the United States, which we want to bring
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  back in. As far as the wall is concerned, we're
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  going to build a wall, we're going to create
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  a border, we're going to let people in, but they're
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  going to come in legally. They're going to come
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  in legally. And it's something that can be done,
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  and I get questioned about that. They built the
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  Great Wall of China. That's 13 ,000 miles. Here
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  we actually need 1 ,000 because we have natural
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  barriers. So we need 1 ,000. We can do a wall.
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  We're going to have a big, fat, beautiful door
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  right in the middle of the wall. We're going
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  to have people come in, but they're coming in
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  legally. And Mexico's going to pay for the wall.
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  Because Mexico, I love the Mexican people. I
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  respect the Mexican leaders. But the leaders
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  are much sharper, smarter, and more cunning than
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  our leaders. And just to finish, people say,
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  oh, how are you going to get... Mexico to pay.
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  A politician, other than the people in this stage,
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  I don't want to insult, a politician cannot get
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  them to pay. I can't. We lose. We have a trade
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  imbalance with Mexico's GDP, John, of $50 billion
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  a year. We're at 60 seconds. Believe me, the
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  wall is peanuts by comparison. We're at 60 seconds,
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  but I've got to ask you, you talked about your
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  tax plan. You say that it would not increase
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  the deficit because you'd cut taxes $10 trillion
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  and the economy would take off like... Hold on.
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  Hold on. The economy would take off like a rocket
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  ship. Right. Dynamic. I talked to economic advisors
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  who have served presidents of both parties. They
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  said that you have as much chance of cutting
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  taxes that much without increasing the deficit
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  as you would of flying away from that podium
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  by flapping your arms. Then you have to get rid
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  of Larry Kudlow, who sits on your panel, who's
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  a great guy, who came out the other day and said,
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  I love Trump's tax plan. John, John, John, the
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  Tax Foundation says look at all of our plans.
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  And his creates, even with the dynamic effect,
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  $8 trillion debt. Gentlemen, we'll get back to
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  this in just a minute. Just a minute. We're going
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  to continue with this. I want to talk taxes.
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  Hold on. We're coming back to you in a minute.
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  Becky's moving on. Dr. Carson, let's talk about
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  taxes. You have a flat tax plan of 10 % flat
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  taxes. And I've looked at it, and this is something
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  that is very appealing to a lot of voters, but
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  I've had a really tough time trying to make the
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  math work on this. If you were to take a 10 %
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  tax with the numbers right now on total personal
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  income, you're going to come in with bringing
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  in $1 .5 trillion. That is less than half of
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  what we bring in right now. And by the way, it's
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  going to leave us in a $2 trillion hole. So what
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  analysis got you to the point where you think
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  this will work? Well, first of all, I didn't
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  say that the rate would be 10%. I used the tithing
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  analogy. I understand that, but if you look at
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  the numbers, you probably have to get to 28%.
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  The rate is going to be much closer to 15%. 15
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  % still leaves you with a $1 .1 trillion hole.
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  You also have to get rid of all the deductions
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  and all the loopholes. You also have to do some
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  strategic cutting in several places. Remember,
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  we have 645. federal agencies and sub agencies
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  anybody who tells me that we need every penny
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  in every one of those is in a fantasy world so
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  also we can stimulate the economy that's going
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  to be the real growth engine stimulating the
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  economy because it's tethered down right now
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  with so many regulations. You'd have to cut government
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  by about 40 % to make it work with a $1 .1 trillion
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  goal. It's not true. It is true. I looked at
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  the numbers. When we put all of the facts down,
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  you'll be able to see that it's not true. It
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  works out very well. Dr. Carson, thank you. Governor
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  Kasich, hold it. I'm coming to you right now.
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  Well, I want to comment on this. Well, I'm asking
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  you about this. This is the fantasy that I talked
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  about in the beginning. I'm about to ask you
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  about this. That is, you had some very strong...
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  words to say yesterday about what's happening
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  in your party and what you're hearing from the
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  two gentlemen we've just heard from. Would you
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  repeat it? I'm the only person on this stage
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  that actually was involved in the chief architect
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  of balancing the federal budget. You can't do
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  it with empty promises. You know these plans
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  would put us trillions and trillions of dollars
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  in debt. I actually have a plan. I'm the only
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  one on this stage that has a plan that would
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  create jobs, cut taxes, balance the budget, and
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  can get it done because I'm realistic. You just
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  don't make promises like this. Why don't we just
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  give a chicken in every pot while we're coming
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  up with these fantasy tax schemes? We'll just
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  clean it up. Where are you going to clean it
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  up? You have to deal with entitlements. You have
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  to be in a position to control discretionary
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  spending. You've got to be creative and imaginative.
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  Now, let me just be clear, John. I went into
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  Ohio where we had an $8 billion hole, and now
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  we have a $2 billion surplus. We're up 347 ,000
• 14:51
  jobs. When I was in Washington, I fought to get
• 14:54
  the budget balanced. I was the architect. It
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  was the first time we did it since man walked
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  on the moon. We cut taxes, and we had a $5 trillion
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  projected surplus. When I left, that's hard work,
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  fiscal discipline, know what you're doing, creativity.
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  This stuff is fantasy, just like getting rid
• 15:11
  of Medicare and Medicaid. You said yesterday.
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  Come on. That's just not... You don't scare senior
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  citizens with that. It's not responsible. Well,
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  let's just get more pointed about it. You said
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  yesterday that you were hearing proposals that
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  were just crazy from your colleagues. Who were
• 15:25
  you talking about? Well, I mean, right here,
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  to talk about we're just going to have a 10 %
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  tithe, and that's how we're going to fund the
• 15:31
  government, and we're going to just fix everything
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  with waste, fraud, and abuse? or that we're just
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  going to be great, or we're going to ship 10
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  million Americans or 10 million people out of
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  this country, leaving their children here in
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  this country and dividing families. Folks, we've
• 15:47
  got to wake up. We cannot elect somebody that
• 15:50
  doesn't know how to do the job. You've got to
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  pick somebody who has experience, somebody that
• 15:55
  has the know -how, the discipline. And I spent
• 15:57
  my entire lifetime balancing federal budgets.
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  growing jobs, the same in Ohio, and I will go
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  back to Washington with my plan, and I will defend
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  it within 100 days, and it will pass, and we
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  will be strong again. 30 seconds. First of all,
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  John got lucky with a thing called fracking,
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  okay? He hit oil. He got lucky with fracking.
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  Believe me, that's why Ohio is doing well. And
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  that's important for you to know. Number two,
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  this is the man that was a managing general partner
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  at Lehman Brothers when it went down the tubes
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  and almost took every one of us with us, including
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  Ben and myself. Because I was there, and I watched
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  what happened, and Lehman Brothers started it
• 16:38
  all. He was on the board, and he was a managed
• 16:40
  general partner. And just thirdly, he was so
• 16:43
  nice. He was such a nice guy. And he said, oh,
• 16:47
  I'm never going to attack. But then his poll
• 16:49
  numbers tanked. That's why he's on the end. And
• 16:52
  he got nasty. And he got nasty. So you know what?
• 16:55
  You can have him. Let me just respond. First
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  of all, Ohio does have an energy industry but
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  we're diversified. We're one of the fastest growing
• 17:07
  states in the country. We came back from the
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  dead. And you know what? It works very, very
• 17:11
  well. And secondly, when you talk about me being
• 17:14
  on the board of Lehman Brothers, I wasn't on
• 17:16
  the board of Lehman Brothers. I was a banker
• 17:18
  and I was proud of it. And I traveled the country
• 17:20
  and learned how people make jobs. We ought to
• 17:22
  have politicians who not only have government
• 17:24
  experience, but know how the CEOs and the job
• 17:27
  creators work. My state is doing great across
• 17:30
  the board. And guess what? In 2011... I've got
• 17:34
  a deal in agreement with the board and he tried
• 17:36
  to take credit for it four years later. It's
• 17:39
  a joke. Thank you, Governor. Dr. Carson, let
• 17:42
  me give 30 seconds to Dr. Carson to respond.
• 17:45
  Since I was attacked, too. Thank you. Let me
• 17:47
  just say, if you're talking about an $18 trillion
• 17:50
  economy, you're talking about a 15 % tax on your
• 17:54
  gross domestic product, you're talking about...
• 17:58
  $2 .7 trillion. We have a budget closer to $3
• 18:01
  .5 trillion. But if you also apply that same
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  15 % to several other things, including corporate
• 18:10
  taxes and including the capital gains taxes,
• 18:16
  you make that amount up pretty quickly. So that's
• 18:19
  not by any stretch pie in the sky. If you want
• 18:24
  a 10 % flat tax where the numbers add up, I rolled
• 18:27
  up my tax plan today. You can find it online
• 18:29
  at TedCruz .org. It is a simple flat tax where
• 18:33
  for individuals, a family of four pays nothing
• 18:36
  on the first $36 ,000. After that, you pay 10
• 18:41
  % as a flat tax going up. The billionaire and
• 18:44
  the working man, no hedge fund manager pays less
• 18:47
  than his secretary. On top of that... There's
• 18:50
  a business flat tax of 16%. Now, that applies
• 18:54
  universally to giant corporations that with lobbyists
• 18:57
  right now are not paying taxes and to small businesses.
• 19:01
  And you wanted to know the numbers. The Tax Foundation,
• 19:03
  which has scored every one of our plans, shows
• 19:06
  that this plan will allow the economy to generate
• 19:08
  4 .9 million jobs, to raise wages over 12%. and
• 19:15
  to generate 14 % growth and it costs with dynamic
• 19:19
  scoring less than a trillion dollars. Those are
• 19:22
  the hard numbers and every single income decile.
• 19:26
  sees a double -digit increase in after -tax income,
• 19:29
  growth is the answer. And as Reagan can demonstrate
• 19:32
  it, if we cut taxes, we can bring back growth.
• 19:35
  Let me just say on taxes, how long have we been
• 19:42
  talking about tax reform in Washington, D .C.?
• 19:45
  We have been talking about it for decades. We
• 19:48
  now have a 73 ,000 -page tax code. There have
• 19:53
  been more than 4 ,000 changes. to the tax plan
• 19:56
  since 2001 alone. There are loads of great ideas,
• 20:01
  great conservative ideas from wonderful think
• 20:04
  tanks about how to reform the tax code. The problem
• 20:06
  is we never get it done. We have talked about
• 20:10
  tax reform in every single election for decades.
• 20:14
  It never happens. And politicians always say
• 20:16
  it's so complicated nobody but a politician can
• 20:19
  figure it out. The truth is this. The big problem,
• 20:22
  we need a leader in Washington who understands
• 20:24
  how... to get something done. Not to talk about
• 20:27
  it, not to propose it, to get it done. You want
• 20:30
  to bring the 70 ,000 pages to three? That's right,
• 20:32
  three pages. You know why three? No. You know
• 20:35
  why three? Because only if it's about three pages
• 20:38
  are you leveling the playing field between the
• 20:42
  big, the powerful, the wealthy, and the well
• 20:44
  -connected who can hire the armies of lawyers
• 20:46
  and accountants and, yes, lobbyists to help them
• 20:49
  navigate their way through 73 ,000 pages. Three
• 20:54
  pages is about the maximum that a single business
• 20:57
  owner or a farmer or just a couple can understand
• 21:00
  without hiring somebody. Almost 60 % of American
• 21:03
  people now need to hire an expert to understand
• 21:06
  their taxes. So, yes, you're going to hear a
• 21:08
  lot of talk about tax reform. The issue is who's
• 21:12
  going to get it done. We will come around the
• 21:14
  bend, I promise. This one's for Senator Rubio.
• 21:17
  You've been a young man in a hurry ever since
• 21:19
  you won your first election in your 20s. You've
• 21:22
  had a big accomplishment in the Senate. An immigration
• 21:24
  bill providing a path to citizenship that conservatives
• 21:27
  in your party hate and even you don't support
• 21:30
  anymore. Now you're skipping more votes than
• 21:32
  any senator to run for president. Why not slow
• 21:35
  down, get a few more things done first, or at
• 21:38
  least finish what you start? Yeah, that's an
• 21:40
  interesting question. That's exactly what the
• 21:41
  Republican establishment says, too. Why don't
• 21:44
  you wait in line? Wait for what? This country's
• 21:46
  running out of time. We can't afford to have
• 21:48
  another four years like the last eight years.
• 21:50
  Watching this broadcast tonight are millions
• 21:52
  of people that are living paycheck to paycheck.
• 21:54
  They're working as hard as they ever have. Everything
• 21:56
  costs more, and they haven't had a raise in decades.
• 21:59
  You have small businesses in America that are
• 22:01
  struggling. For the first time in 35 years, we
• 22:03
  have more businesses closing than starting. We
• 22:06
  have a world that's out of control and has grown
• 22:07
  dangerous, and a president that is weakening
• 22:10
  our military and making our foreign policy unstable
• 22:12
  and unreliable in the eyes of our allies, and
• 22:15
  our adversaries continue to grow stronger. They
• 22:17
  say there's no bipartisanship in Washington.
• 22:19
  We have a $19 trillion bipartisan debt, and it
• 22:23
  continues to grow as we borrow money from countries
• 22:25
  that do not like us to pay for government we
• 22:28
  cannot afford. The time to act is now. The time
• 22:31
  to turn the page is now. If we don't act now...
• 22:34
  We are going to be the first generation in American
• 22:36
  history that leaves our children worse off than
• 22:38
  ourselves. So when the Sun Sentinel says Rubio
• 22:41
  should resign, not rip us off, when they say
• 22:44
  Floridian sent you to Washington to do a job,
• 22:47
  when they say you act like you hate your job,
• 22:49
  do you? Yeah, let me say, I read that editorial
• 22:52
  today with a great amusement. It's actually evidence
• 22:55
  of the bias that exists in the American media
• 22:57
  today. But do you hate your job? Let me answer
• 22:58
  your question on the Sun Sentinel editorial today.
• 23:01
  Back in 2004, one of my predecessors to the Senate,
• 23:04
  by the name of Bob Graham, a Democrat, ran for
• 23:06
  president, missing over 30 % of his votes. I
• 23:09
  don't recall them calling for his resignation.
• 23:11
  Is that the standard? Later that year, in 2004,
• 23:13
  John Kerry ran for president, missing close to
• 23:15
  60 % to 70 % of his votes. I don't recall the
• 23:18
  Sun... In fact, the Sun -Sentinel endorsed him.
• 23:20
  In 2008, Barack Obama missed 60 % or 70 % of
• 23:23
  his votes, and the same newspaper endorsed him
• 23:25
  again. So this is another example of the double
• 23:27
  standard that exists in this country between
• 23:29
  the mainstream media and the conservative media.
• 23:37
  Can I bring something up here? Because I'm a
• 23:40
  constituent of the senator, and I helped him,
• 23:41
  and I expected that he would do constituent service,
• 23:45
  which means that he shows up to work. He got
• 23:47
  endorsed by the Sun Sentinel because he was the
• 23:49
  most talented guy in the field. He's a gifted
• 23:51
  politician. But, Marco, when you signed up for
• 23:54
  this, this was a six -year term, and you should
• 23:57
  be showing up to work. I mean, literally, the
• 23:59
  Senate, what is it, like a French work week?
• 24:01
  You get, like, three days where you have to show
• 24:03
  up? You can campaign or just resign and let someone
• 24:06
  else take the job. There are a lot of people
• 24:07
  living paycheck to paycheck in Florida as well.
• 24:10
  They're looking for a senator that will fight
• 24:11
  for them each and every day. I get to respond,
• 24:13
  right? Thirty seconds. Thirty seconds. Well,
• 24:15
  it's interesting. In the last few weeks I've
• 24:16
  listened to Jeb as you've walked around the country
• 24:18
  and said that you're modeling your campaign after
• 24:20
  John McCain, that you're going to launch a furious
• 24:23
  comeback the way he did, by fighting hard in
• 24:25
  New Hampshire and places like that, carrying
• 24:27
  your own bag at the airport. You know how many
• 24:29
  votes John McCain missed when he was carrying
• 24:30
  out that furious comeback that you're now modeling
• 24:32
  it under? No, Jeb, I don't remember... Well,
• 24:34
  let me tell you, I don't remember you ever complaining
• 24:36
  about John McCain's vote record. The only reason
• 24:38
  why you're doing it now is because we're running
• 24:40
  for the same position and someone has convinced
• 24:41
  you that attacking me is going to help you. Here's
• 24:44
  the bottom line, I'm not... My campaign is going
• 24:46
  to be about the future of America. It's not going
• 24:48
  to be about attacking anyone else on the stage.
• 24:50
  I will continue to have tremendous admiration
• 24:52
  and respect for Governor Bush. I'm not running
• 24:54
  against Governor Bush. I'm not running against
• 24:56
  anyone on the stage. I'm running for president
• 24:59
  because there is no way we can elect Hillary
• 25:00
  Clinton to continue the policies of Barack Obama.
• 25:08
  Like Don Harwood, there's a bigger issue. Hold
• 25:10
  on, Governor. I've got a question for Governor
• 25:12
  Bush. We're moving to Governor Bush. Governor,
• 25:16
  the fact that you're at the Fifth Lectern tonight
• 25:18
  shows how far your stock has fallen in this race,
• 25:21
  despite the big investment your donors have made.
• 25:25
  You noted recently after slashing your payroll
• 25:27
  that you had better things to do than sit around
• 25:30
  and be demonized by other people What I said
• 25:32
  was I don't believe that I would be president
• 25:35
  United States and have the same dysfunction that
• 25:37
  exists in Washington DC now Don't vote for me
• 25:40
  if you want to keep the gridlock in Washington,
• 25:41
  D .C. But if you want someone who has a proven,
• 25:44
  effective leadership that was a governor of a
• 25:46
  state that transformed the culture there, elect
• 25:49
  me so I can fight for the American people and
• 25:51
  change the culture in Washington, D .C. Okay,
• 25:52
  it's a question about why you're having difficulty,
• 25:55
  and I want to ask you in this context. Ben Bernanke,
• 25:58
  who was appointed Fed chairman by your brother,
• 26:00
  recently wrote a book in which he said he no
• 26:02
  longer considers himself a Republican because
• 26:05
  the Republican Party has given in to know -nothingism.
• 26:09
  Is that why you're having a difficult time in
• 26:11
  this race? The great majority of Republicans
• 26:13
  and Americans believe in a hopeful future. They
• 26:15
  don't believe in building walls and a pessimistic
• 26:18
  view of the future. They're concerned that Washington
• 26:21
  is so dysfunctional it is holding them back.
• 26:23
  There are lids on people's aspirations. Think
• 26:25
  about it. Six and a half million people working
• 26:27
  part -time. Workforce participation rates lower
• 26:30
  than they were in 1977. Six million more people
• 26:33
  living in poverty than the day that Barack Obama
• 26:35
  got elected president. And the left just wants
• 26:37
  more of the same. We have to offer a compelling
• 26:39
  alternative that is based on hope and optimism
• 26:42
  and grounded in serious policy, which I've laid
• 26:45
  out. And you can go get it at Jeb2016 .com. Thank
• 26:48
  you, Governor. John? Becky? John, listen. No,
• 26:52
  I'm sorry. Get down the line. Becky's got a question.
• 26:54
  We'll get to everyone. Ms. Fiorina, I'd like
• 26:56
  to ask you a question. You are running for president
• 26:58
  of the United States because of your record -running
• 27:00
  Hewlett -Packard. But the stock market is usually
• 27:03
  a fair indicator of the performance of a CEO,
• 27:05
  and the market was not kind to you. Someone who
• 27:08
  invested a dollar in your company the day you
• 27:10
  took office had lost half of that dollar by the
• 27:12
  day you left. Obviously, you've talked in the
• 27:15
  past about what a difficult time it was for technology
• 27:17
  companies, but anybody who was following the
• 27:19
  market knows that your stock was a much worse
• 27:22
  performer if you looked at your competitors,
• 27:24
  if you looked at the overall market. I just wonder,
• 27:26
  in terms of all of that, you know, we look back,
• 27:29
  your board fired you. I just wondered why you
• 27:32
  think we should hire you now. You know, the NASDAQ
• 27:34
  dropped 80%. 80 percent and it took 15 years
• 27:39
  from the nasdaq to recover i was recruited to
• 27:43
  hp to save a company. It was a company that had
• 27:46
  grown into a bloated, inept bureaucracy that
• 27:50
  cost too much and delivered too little to customers
• 27:53
  and shareholders. It had missed, before I arrived,
• 27:56
  expectations for nine quarters in a row. As an
• 28:00
  outsider, I tackled HP's entrenched problems
• 28:02
  head on. I cut the bureaucracy down to size,
• 28:05
  reintroduced accountability, focused on service,
• 28:08
  on innovation, on leading in every market and
• 28:11
  every product segment. And yes, it was a very
• 28:13
  difficult time. However, we saved 80 ,000 jobs.
• 28:16
  We went on to grow to 160 ,000 jobs. And scores
• 28:20
  of technology companies literally went out of
• 28:22
  business like Gateway, taking all their jobs
• 28:25
  with them. The truth is, I had to make some tough
• 28:28
  calls in some tough times. I think actually people
• 28:31
  are looking for that in Washington now. And yes,
• 28:33
  I was fired over a disagreement in the boardroom.
• 28:36
  There are politics in the boardroom as well.
• 28:38
  And yet, the man who led my firing, Tom Perkins,
• 28:41
  an icon of Silicon Valley. has come out publicly
• 28:44
  and said, you know what? We were wrong. She was
• 28:46
  right. She was a great CEO. She'd be a great
• 28:49
  president of the United States because the leadership
• 28:51
  she brought to HP is exactly the leadership we
• 28:53
  need in Washington, D .C. Mrs. Fiorina, it's
• 28:56
  interesting that you bring up Mr. Perkins because...
• 28:59
  He said a lot of very questionable things. Last
• 29:01
  year in an interview, he said that he thinks
• 29:03
  wealthy people should get more votes than poor
• 29:05
  people. I think his quote was that if you pay
• 29:07
  zero dollars in taxes, you should get zero votes.
• 29:09
  If you pay a million dollars, you should get
• 29:11
  a million votes. Is this the type of person you
• 29:13
  want to defend? Well, this is one of the reasons
• 29:14
  why Tom Perkins and I had disagreements in the
• 29:17
  boardroom, Becky. Nevertheless, one of the things
• 29:23
  that I think people don't always understand is
• 29:25
  how accountable a CEO actually is. So, you know,
• 29:29
  I had to report results every 90 days in excruciating
• 29:34
  detail. I had to answer every single question
• 29:37
  about every single result and every single projection
• 29:39
  in public until there were no more questions.
• 29:42
  And if I misrepresented those results or those
• 29:45
  projections in any way, I was held criminally
• 29:48
  liable. Imagine, imagine if a politician were
• 29:52
  held to that standard of account. I will run
• 29:54
  on my record all day long. And I believe people
• 29:57
  need a leader who is prepared to make tough calls
• 30:00
  in tough times and stand up and be held accountable.
• 30:04
  Thank you. We're out of time. Thank you, Mrs.
• 30:05
  Fiorina. Senator Cruz, congressional Republicans,
• 30:09
  Democrats, and the White House are about to strike
• 30:11
  a compromise that would raise the debt limit,
• 30:14
  prevent a government shutdown, and calm financial
• 30:17
  markets that fear of another Washington -created
• 30:19
  crisis is on the way. Does your opposition to
• 30:22
  it show that you're not the kind of problem solver
• 30:24
  American voters want? You know, let me say something
• 30:28
  at the outset. The questions that have been asked
• 30:30
  so far in this debate illustrate why the American
• 30:34
  people don't trust the media. This is not a cage
• 30:41
  match. And you look at the questions. Donald
• 30:44
  Trump, are you a comic book villain? Ben Carson,
• 30:47
  can you do math? John Kasich, will you insult
• 30:49
  two people over here? Marco Rubio, why don't
• 30:52
  you resign? Jeb Bush, why have your numbers fallen?
• 30:55
  How about talking about the substantive issues
• 30:57
  people care about? Does this count? Do we get
• 31:05
  credit for this one? And Carl, I'm not finished
• 31:09
  yet. The contrast with the Democratic debate,
• 31:12
  where every fawning question from the media was,
• 31:15
  which of you is more handsome and wise? So this
• 31:19
  is a question about the debt limit, which you
• 31:21
  have 30 seconds left to answer, should you choose
• 31:24
  to do so. Let me be clear. The men and women
• 31:28
  on this stage have more ideas, more experience,
• 31:33
  more common sense than every participant in the
• 31:36
  Democratic debate. That debate reflected a debate
• 31:39
  between the Bolsheviks and the Mensheviks. watching
• 31:46
  at home believes that any of the moderators has
• 31:48
  any intention of voting in a Republican primary.
• 31:52
  The questions that are being asked shouldn't
• 31:54
  be trying to get people to tear into each other.
• 31:57
  It should be, what are your substantive solutions
• 32:00
  to people who are... I just want the record to
• 32:02
  reflect. I asked you about the dead limit and
• 32:03
  I got no answer. You want me to answer that question?
• 32:06
  I'm happy to answer it. I'm happy to answer your
• 32:09
  question, but let me tell you how the question
• 32:10
  is. Let me tell you how that question is. Senator
• 32:13
  Paul, I've got a question for you on the same
• 32:15
  subject. So you don't actually want to hear the
• 32:16
  answer, John? You don't want to hear the answer.
• 32:18
  You just want an insult. You used your time on
• 32:20
  something else. Senator Paul? You're not interested
• 32:22
  in an answer, John? I'm interested in an answer
• 32:25
  from Senator Paul. Senator Paul, the budget deal
• 32:27
  crafted by Speaker Boehner and passed by the
• 32:30
  House today makes cuts in entitlement programs,
• 32:33
  Medicare and Social Security disability. which
• 32:36
  are the very programs conservatives say need
• 32:39
  cutting to shrink government and solve our country's
• 32:43
  long -term budget deficit. Do you oppose that
• 32:46
  budget deal because it doesn't cut those programs
• 32:49
  enough? No, I oppose it because you're taking
• 32:53
  money from the entitlements and then spending
• 32:55
  it immediately on other items. That's what they're
• 32:58
  doing. They're taking money from Social Security
• 33:00
  and they're going to spend it on the military
• 33:03
  and they're going to spend it on domestic spending.
• 33:06
  Here's the thing. When you look at raising the
• 33:09
  debt limit, it should be leverage to try to reform
• 33:13
  government. In 2011, the sequester was passed
• 33:16
  as a reform to slow down the rate of government.
• 33:19
  Instead, the Washington establishment raised
• 33:23
  both. We raised military spending, took from
• 33:26
  entitlements, and raised domestic spending, and
• 33:29
  the deficit will explode under this. This is
• 33:32
  the unholy alliance that people need to know
• 33:34
  about. between right and left. Right and left
• 33:38
  are spending us into oblivion. We should use
• 33:42
  the debt ceiling as precisely designed to force
• 33:46
  upon them budgetary reform. Senator, if what
• 33:48
  you just said is true, why did Speaker Boehner
• 33:51
  craft this deal and why did Paul Ryan, who has
• 33:54
  a strong reputation for fiscal discipline, vote
• 33:57
  for it? Well, that's the real question. Is there
• 34:00
  going to be any change in the House with new
• 34:02
  leadership? I frankly don't think there will
• 34:04
  be much change, because I think what's going
• 34:06
  to happen is you're going to get more of the
• 34:08
  same. People in Washington think they were sent
• 34:11
  there to be adults and govern and do all this.
• 34:14
  Well, you know what I'm worried about? Not keeping
• 34:16
  the government open. I'm worried about bankrupting
• 34:19
  the American people. We're borrowing a million
• 34:21
  dollars a minute. That is important, and that's
• 34:24
  what we have to contrast. Keeping the government
• 34:26
  open. and continuing to borrow a million dollars.
• 34:29
  John, thank you, Senator. Governor Christie,
• 34:32
  I'd like to come to you on a question. Actually,
• 34:34
  I have a question for you. And you tell it like
• 34:37
  it is campaign. You've said a lot of tough things.
• 34:39
  You said that we need to raise the retirement
• 34:40
  age for Social Security. You think that we need
• 34:42
  to cut benefits for people who make over $80
• 34:44
  ,000 and eliminate them entirely for seniors
• 34:47
  who are making over $200 ,000. Governor Huckabee,
• 34:50
  who's here on the stage, has said that you and
• 34:52
  others who think this way are trying to rob seniors
• 34:54
  of the benefits that they've earned. raises the
• 34:57
  question, when is it acceptable to break a social
• 35:01
  compact? Well, I wish you would have asked that
• 35:03
  question years ago when they broke it. I mean,
• 35:05
  let me be honest with the people who are watching
• 35:07
  at home. The government has lied to you and they
• 35:10
  have stolen from you. They told you that your
• 35:13
  Social Security money is in a trust fund. All
• 35:15
  that's in that trust fund is a pile of IOUs for
• 35:17
  money they spent on something else a long time
• 35:19
  ago. And they've stolen from you because now...
• 35:22
  they know they cannot pay these benefits because
• 35:24
  social security is going to be insolvent in seven
• 35:27
  to eight years we're sitting up here talking
• 35:29
  about all these other things 71 of federal spending
• 35:32
  today is on entitlements and debt service and
• 35:36
  that's with zero percent interest rates now i'm
• 35:39
  the only person who's put out a detailed plan
• 35:41
  on how to deal with entitlements and it'll save
• 35:43
  a trillion dollars over the next 10 years and
• 35:46
  here's the difference between me and hillary
• 35:48
  clinton What Hillary Clinton is going to say,
• 35:51
  and has said before, is she wants to raise Social
• 35:53
  Security taxes. Now let me ask you a question,
• 35:56
  everybody, and this is for, you know, the guy
• 35:57
  who owns a landscaping business out there. If
• 36:00
  somebody's already stolen money from you, are
• 36:03
  you going to give them more? Or are you going
• 36:06
  to deal with the problem by saying, I'm going
• 36:07
  to give people who have done well in this country
• 36:09
  less benefits on the back end? We need to get
• 36:11
  realistic about this. We're not the American
• 36:13
  people. Forget about anything else. They've already
• 36:16
  been lied to and stolen from. And I'm going to
• 36:18
  go to Washington to stop it. We promised we would
• 36:20
  get to everyone this block. Governor Huckabee,
• 36:22
  I'm going to give you 60 seconds on this. Well,
• 36:24
  I would really appreciate that. First of all,
• 36:26
  yes, we've stolen. Yes, we've lied to the American
• 36:29
  people about Social Security and Medicare. But
• 36:31
  you know what we're not telling them? It's their
• 36:33
  money. This isn't the government's money. This
• 36:35
  is not entitlement. It's not welfare. This is
• 36:39
  money that people had confiscated out of their
• 36:42
  paychecks. Every time they got a paycheck, the
• 36:45
  government reached in and took something out
• 36:47
  of it before they ever saw it. Now we're going
• 36:50
  to blame the people. Today, Congress decided
• 36:52
  to take another $150 billion away from Social
• 36:56
  Security so they can borrow more money. That
• 36:58
  makes no sense to anybody. And they're always
• 37:01
  going to say, well, we're going to fix this one
• 37:02
  day. No, they're not. It's like a 400 -pound
• 37:05
  man saying, I'm going to go on a diet, but I'm
• 37:07
  eating a sack of Krispy Kremes before I do. And
• 37:10
  people are sick of believing that the government
• 37:13
  is never going to really address this. But let
• 37:15
  me tell you who not to blame. Let's quit blaming
• 37:18
  the people on Social Security. Let's quit making
• 37:21
  it a problem for them. It's like them getting
• 37:23
  mugged and then us saying, well, we're going
• 37:25
  to mug you some more. You ought to just be able
• 37:27
  to get over it, get used to it. No, sir. We need
• 37:30
  to honor our promises. Let me finish. The only
• 37:33
  time I've had a chance. Let me finish. This is
• 37:37
  a matter not of math. This is a matter of morality.
• 37:42
  If this country does not keep its promise to
• 37:45
  seniors, then what promise can this country hope
• 37:49
  to be trusted to keep? And the fact is, none
• 37:52
  of them. And by the way, Carl, the only way we're
• 37:57
  going to be moral, the only way we're going to
• 37:59
  keep our promise to seniors is start... by following
• 38:02
  the first rule we should all follow, which is
• 38:04
  to look at them, treat them like adults, and
• 38:06
  tell them the truth. It isn't their men anymore,
• 38:09
  Mike. They stole it. It got stolen from them.
• 38:12
  It's not theirs anymore. The government stole
• 38:14
  it and spent it a long time ago. So let's stop
• 38:16
  fooling around about this. Let's tell people
• 38:18
  the truth. For once, let's do that and stop trying
• 38:21
  to give them some kind of fantasy that's never
• 38:23
  going to come true. Senator Cruz, before we go
• 38:25
  to break. We're clearly not having that beer
• 38:27
  you mentioned. But I'll give you 30 more seconds.
• 38:31
  But I'll buy a tequila. Okay, all right. Or even
• 38:34
  some famous Colorado brownies. I'll give you
• 38:36
  30 seconds to respond. John, since he brought
• 38:42
  me up, do I not get to respond? Respond on the
• 38:45
  debt limit or in answer to the governor, whichever
• 38:47
  you choose. Well, sure. Look, this deal in Washington
• 38:49
  is an example of why Washington is broken. Republican
• 38:52
  leadership joined with every single Democrat
• 38:55
  to add $80 trillion to our debt to do nothing
• 38:57
  to fix the problems. And let me note on Social
• 39:00
  Security, because we were getting into a good
• 39:02
  substantive exchange, and I want to say I think
• 39:04
  both Chris and Mike are right. Governor Huckabee
• 39:07
  is exactly right. We need to honor the promises
• 39:09
  made to our seniors. But for younger workers,
• 39:11
  look, I'm 44 years old. It is hard to find someone
• 39:15
  my generation that thinks Social Security will
• 39:17
  be there for us. We can save and preserve and
• 39:20
  strengthen Social Security by making no changes
• 39:23
  for seniors, but for younger workers. gradually
• 39:26
  increasing the retirement age, changing the rate
• 39:29
  of growth so that it matches inflation, and critically
• 39:32
  allowing younger workers to keep a portion of
• 39:35
  our tax payments in a personal account that we
• 39:39
  own, we control, and we can pass on to our kids.
• 39:41
  We can do both. John, let's keep in mind that
• 39:45
  for one -third of the 60 million Americans on
• 39:47
  Social Security, it represents 90 % of their
• 39:49
  income. And when I hear people talking about
• 39:51
  means testing, let's just remember what that
• 39:53
  means. If we mean to have Social Security, it
• 39:56
  means that the government decides whether or
• 39:58
  not I deserve it. If a person lives in a seven
• 40:01
  -room house, does the government get to say,
• 40:03
  you don't need seven rooms, we're going to take
• 40:05
  two of them away? Folks, the government has no
• 40:08
  business stealing even more from the people who've
• 40:12
  paid this in. I just want to remind you, people
• 40:14
  paid their money. They expect to have it. If
• 40:18
  this government doesn't pay it, then tell me
• 40:20
  what's different between the government and Bernie
• 40:22
  Madoff, who sits in prison today for doing less
• 40:25
  than what the government has done to the people
• 40:27
  on Social Security and Medicare in this country.
• 40:30
  Governor, thank you. We will take a break. The
• 40:33
  Republican presidential debate, live from Boulder,
• 40:35
  Colorado, comes back after a break on CNBC. Folks,
• 40:48
  we'll get right back into this. Mr. Trump, let's
• 40:50
  talk a little bit about bankruptcies. Your Atlantic
• 40:52
  City casinos filed for bankruptcies four times.
• 40:55
  In fact, Fitch, the ratings agency, even said
• 40:58
  that they were serial filers for all of this.
• 41:00
  You said that you did great with Atlantic City,
• 41:02
  and you did, but some of the individuals, the
• 41:05
  bondholders, some of the contractors who worked
• 41:07
  for you didn't fare so well. Bankruptcy is a
• 41:10
  broken promise. Why should the voters believe...
• 41:13
  the promises that you're telling them right now?
• 41:14
  Well, first of all, like many other very big
• 41:17
  businessmen, I could name them here, but I'm
• 41:19
  not going to do that for a lot of obvious reasons,
• 41:21
  but the biggest, and almost all of them, they've
• 41:24
  all used the chapter laws, the bankruptcy laws,
• 41:27
  to their own benefit. Before this, I was a very
• 41:30
  successful person as a developer and as a businessman.
• 41:35
  Atlantic City has gone bad. I mean, Chris will
• 41:38
  know about that. I'm not blaming Chris, by the
• 41:39
  way, but he will know about that. Caesars. Excuse
• 41:42
  me, Caesars, the Rolls Royce, as you know, is
• 41:45
  in bankruptcy. Almost every hotel in Atlantic
• 41:48
  City has either been in bankruptcy or will be
• 41:51
  in bankruptcy, the biggest. But also the biggest
• 41:54
  people. Now, I've used that to my advantage as
• 41:56
  a businessman, for my family, for myself. I never
• 41:59
  filed for bankruptcy, but many, many people did.
• 42:02
  What happened with Atlantic City is very, very
• 42:06
  disgraceful. Hundreds of companies I've opened.
• 42:09
  I've used it three times, maybe four times. Came
• 42:13
  out great, but I guess I'm supposed to come out
• 42:15
  great. That's what I could do for the country.
• 42:17
  We owe $19 trillion. Boy, am I good at solving
• 42:20
  debt problems. Nobody can solve it like me. But
• 42:23
  I will tell you this. Atlantic City. You're using
• 42:27
  that. Hundreds of companies that I've opened
• 42:29
  have thrived. I've built a net worth of way over
• 42:32
  $10 billion, and I've done it four times out
• 42:35
  of hundreds, and I'm glad I did it. I used the
• 42:37
  laws of the country to my benefit. I'm sorry.
• 42:40
  Mr. Trump, thank you. Thank you. Dr. Carson,
• 42:43
  in recent weeks, a number of pharmaceutical companies
• 42:46
  have been accused of profiteering for dramatically
• 42:49
  raising the prices of life -saving drugs. You
• 42:53
  have spent a lifetime in medicine. Have these
• 42:56
  companies gone too far? Should the government
• 42:59
  be involved in controlling some of these price
• 43:02
  increases? Well, there's no question that some
• 43:06
  people go overboard when it comes to trying to
• 43:10
  make profits, and they don't take into consideration
• 43:12
  the American people. What we have to start thinking
• 43:16
  about as leaders, particularly in government,
• 43:20
  is what can we do for the average American? And
• 43:24
  you think about the reasons that we're having
• 43:26
  such difficulty right now with our job market.
• 43:29
  Well, the average small manufacturer, whatever
• 43:33
  they're manufacturing, drugs or anything, if
• 43:36
  they have less than 50 employees... The average
• 43:40
  cost in terms of regulations is $34 ,000 per
• 43:45
  employee. It makes it a whole lot easier for
• 43:48
  them to want to go somewhere else. So what we're
• 43:50
  going to have to start doing, instead of picking
• 43:53
  on this group or this group, is we're going to
• 43:56
  have to have a major reduction in the regulatory
• 44:00
  influence that's going on. The government is
• 44:02
  not supposed to be in every part of our lives,
• 44:04
  and that's what's causing the problem. Thank
• 44:06
  you, Dr. Carson. Governor Christie. There's been
• 44:09
  a lot of political rhetoric that some bank executives
• 44:12
  should have gone to jail for the 2008 financial
• 44:15
  crisis. But General Motors paid more than $1
• 44:20
  billion in fines and settlements for its ignition
• 44:24
  switch defect. 124 people died as a result of
• 44:31
  these faulty switches. No one went to jail. As
• 44:35
  a former prosecutor, Do you believe the people
• 44:38
  responsible for the switch and the cover -up
• 44:42
  belong behind bars? You bet they do. And if I
• 44:45
  were the prosecutor, that's exactly where they'd
• 44:47
  be. The fact is that this Justice Department
• 44:50
  under this president has been a political Justice
• 44:53
  Department. It's been a Justice Department that's
• 44:56
  decided that they want to pick who the winners
• 44:57
  and losers are. They like General Motors, so
• 45:00
  they give them a pass. They don't like somebody
• 45:02
  else, like David Petraeus, they prosecute them
• 45:05
  and send a decorated general to disgrace. It's
• 45:08
  a political justice department. And Jim, you
• 45:11
  know full well that in the seven years I was
• 45:13
  U .S. Attorney, we went after a pharmaceutical
• 45:15
  company. We went after companies that were ripping
• 45:17
  off shareholders. We went after companies that
• 45:20
  were doing things that were against law. And
• 45:22
  to expand on Mr. Carson's, Dr. Carson's question,
• 45:25
  let's face it. We have laws already. We don't
• 45:28
  need normal laws. We don't need Hillary Clinton's
• 45:30
  price controls for, again... Does anybody out
• 45:34
  there think that giving Washington, D .C. the
• 45:36
  opportunity to run the pharmaceutical industry
• 45:38
  is a good idea? Given how well they've done running
• 45:41
  the government? So what we do, though, is if
• 45:44
  there's somebody who's price gouging, we have
• 45:46
  laws for prosecutors to take that on. Let's let
• 45:49
  a Justice Department, I will make an Attorney
• 45:50
  General, who will enforce the law and make justice
• 45:53
  more than just a word, it'll be a way of life.
• 45:56
  Thank you, Governor Christie. Jim, thanks. Governor
• 45:59
  Bush, in a debate... Like this four years ago,
• 46:02
  every Republican running for president pledged
• 46:04
  to oppose a budget deal containing any tax increase,
• 46:08
  even if it had spending cuts ten times as large.
• 46:11
  A few months later, you told Congress, put me
• 46:13
  in, coach. You'd take that deal. Still feel that
• 46:15
  way? Well, the deal was done. Barack Obama got
• 46:19
  his massive tax increase, and there was no spending
• 46:21
  cuts. You just see the recent deal announced
• 46:23
  today or yesterday. More spending. More tax increasing,
• 46:27
  more regulation, and now we have to accept 2
• 46:30
  % the new normal for economic growth. And the
• 46:32
  net result is the middle class has $2 ,300 less
• 46:35
  in their pockets than the day that Barack Obama
• 46:37
  got elected president. And now they see Hillary
• 46:40
  Clinton proposing a third term of economic policy
• 46:42
  for our country. We need to reverse that. And
• 46:46
  my record was one of cutting taxes each and every
• 46:49
  year. You don't have to guess about it because
• 46:51
  I actually have a record. $19 billion of tax
• 46:53
  cuts, $1 .3 million. jobs created. We were one
• 46:57
  of two states to go to AAA bond rating. And our
• 46:59
  government spending was far less than the spending
• 47:02
  in people's income. But to the point that you
• 47:04
  made to Congress, if you were president and you
• 47:08
  were offered a bipartisan deal that had $1 of
• 47:12
  tax increases for $10 of spending cuts, would
• 47:15
  you take it? You find me a Democrat that will
• 47:17
  cut spending $10? Heck, find me a Republican
• 47:21
  in Congress that would cut spending $10. So you
• 47:24
  don't want the coach to put you in anymore? Look,
• 47:27
  the deal was already done. The biggest tax increase
• 47:29
  happened under the watch of Barack Obama, and
• 47:31
  spending's gone up. You find a Democrat that's
• 47:33
  for cutting spending $10, I'll give him a warm
• 47:37
  kiss. Thank you, Governor. Carl? Mrs. Fiorina,
• 47:41
  in 2010, while running for Senate in Tech Ridge,
• 47:44
  California, you called an Internet sales tax
• 47:46
  a bad idea. Traditional brick and mortar stores
• 47:50
  obviously disagree. Now that the internet shopping
• 47:52
  playing field has matured, what would be a fair
• 47:55
  plan to even that playing field? You know, I
• 47:59
  want to go back for a moment to what we were
• 48:01
  just talking about. Crony capitalism is alive
• 48:04
  and well and has been so in Washington D .C.
• 48:06
  for decades. What's crony capitalism? Crony capitalism
• 48:09
  is what happens when government gets so big and
• 48:12
  so powerful that only the big and the powerful
• 48:14
  can handle it. So why are the pharmaceutical
• 48:16
  companies consolidating? Why are there five even
• 48:20
  bigger Wall Street banks now instead of the ten
• 48:23
  we used to have on Wall Street? When government
• 48:26
  gets big and powerful, the big feel like they
• 48:28
  need to get even bigger to deal with all that
• 48:31
  power. And meanwhile, the small and the powerless,
• 48:33
  in this case, 1 ,590 community banks go out of
• 48:36
  business. You see, folks, this is how socialism
• 48:38
  starts. Government causes a problem, and then
• 48:42
  government steps in to solve the problem. This
• 48:46
  is why, fundamentally, we have to take our government
• 48:48
  back. The student loan problem has been created
• 48:52
  by government. Government trying to level the
• 48:54
  playing field between internet and brick and
• 48:56
  mortar creates a problem. The FCC jumping in
• 49:00
  now and saying we're going to put 400 pages of
• 49:03
  regulation over the internet is going to create
• 49:05
  massive problems. But guess who pushed for that
• 49:08
  regulation? The big internet companies. This
• 49:11
  is what's going on. Big and powerful. Use big
• 49:14
  and powerful government. to their advantage.
• 49:17
  It's why you see Walgreens buying Rite Aid. It's
• 49:20
  why you see the pharmaceuticals getting together.
• 49:23
  It's why you see the health insurance companies
• 49:24
  getting together. It's why you see the banks
• 49:26
  consolidating. And meanwhile, small businesses
• 49:29
  are getting crushed. Community -based businesses
• 49:32
  and farms are getting crushed. Community banks
• 49:34
  are going out of business. Big government favors
• 49:37
  the big, the powerful, the wealthy and the well
• 49:40
  -connected, and crushes the small and the powerless.
• 49:42
  It is why we have to simplify. We have to reduce
• 49:46
  the size and power of government. It's the only
• 49:48
  way to level the playing field between big and
• 49:50
  powerful and small and powerless. Thank you very
• 49:53
  much. Senator Rubio, you yourself have said that
• 49:58
  you've had issues. You have a lack of bookkeeping
• 50:01
  skills. You accidentally intermingled campaign
• 50:04
  money with your personal money. You faced foreclosure
• 50:07
  on a second home that you bought. And just last
• 50:09
  year, you liquidated a $68 ,000 retirement fund.
• 50:12
  That's something that cost you thousands of dollars
• 50:14
  in taxes and penalties. In terms of all of that,
• 50:17
  it raises the question whether you have the maturity
• 50:20
  and the wisdom to leave a $17 trillion economy.
• 50:23
  What do you say? Well, you just listed a litany
• 50:26
  of discredited attacks from Democrats and my
• 50:28
  political opponents, and I'm not going to waste
• 50:29
  60 seconds detailing them all. But I'm going
• 50:32
  to tell you the truth. Here's the truth. I didn't
• 50:34
  inherit any money. My dad was a bartender. My
• 50:36
  mother was a maid. They worked hard to provide
• 50:38
  us the chance at a better life. They didn't save
• 50:40
  enough money for us to go to school. I had to
• 50:42
  work my way through school. I had to borrow money
• 50:43
  to go to school. Try early in my marriage explaining
• 50:46
  to my wife why someone named Sally Mae was taking
• 50:48
  $1 ,000 out of our bank account every month.
• 50:51
  I know what it's like to owe that money, and
• 50:53
  we've worked hard. We've worked hard our whole
• 50:55
  life to provide a better life for our family.
• 50:58
  We own a home four blocks away from the place
• 51:00
  that I grew up in. My four children have been
• 51:02
  able to receive a good Christian education, and
• 51:04
  I've been able to save for them to go to college,
• 51:06
  so they never have to have the loans that I did.
• 51:08
  But I'm not worried about my finances. I'm worried
• 51:10
  about the finances of everyday Americans who
• 51:12
  today are struggling in an economy that is not
• 51:14
  producing good -paying jobs while everything
• 51:16
  else costs more. And that's what this economy
• 51:18
  needs to be. That's what this debate needs to
• 51:20
  be about. This debate needs to be about the men
• 51:23
  and women across this country that are struggling
• 51:24
  on a daily basis to provide for their families
• 51:27
  the better future that we've always said this
• 51:29
  country's all about. Senator, I understand all
• 51:31
  of that. I had a lot of student loans when I
• 51:33
  got out, too. But you've had a windfall that
• 51:35
  a lot of Americans haven't. You made over a million
• 51:36
  dollars on a book deal. And some of these problems
• 51:38
  came after that. And I use it to pay off my loans.
• 51:40
  And it's available on paperback if you're interested
• 51:42
  in buying it. after the fact and that cost you
• 51:49
  about twenty four thousand dollars out of that
• 51:50
  in taxes and fees that that was after you'd already
• 51:53
  come into that windfall that's why I raised the
• 51:54
  question yeah again as I said we're raising a
• 51:57
  family in the 21st century and it's one of the
• 51:59
  reasons why my tax plan is a pro -family tax
• 52:01
  plan it increases the per child tax credit because
• 52:04
  I didn't read about this in a book I know for
• 52:06
  a fact how difficult it is to raise children
• 52:09
  how expensive it's become for working families
• 52:11
  and I make a lot more than the average American
• 52:13
  imagine how hard it is for these people out there
• 52:15
  that are making 40 50 60 thousand a year, and
• 52:18
  they're trying to provide for their families
• 52:19
  at a time when this economy is not growing. We
• 52:21
  can't afford another four years of that, which
• 52:23
  is what we're going to get if we elect a big
• 52:25
  government liberal like Hillary Clinton to the
• 52:27
  White House. Thank you, Senator. Governor Kasich,
• 52:31
  you've called for abolishing the Export -Import
• 52:34
  Bank, which provides subsidies to help American
• 52:36
  companies compete with overseas competitors.
• 52:39
  You call that corporate welfare. wrote an editorial,
• 52:44
  said they found that strange, writing that if
• 52:46
  that's corporate welfare, what does Kasich call
• 52:48
  the millions of dollars in financial incentives
• 52:50
  doled out to attract or retain jobs by his development
• 52:54
  effort, Jobs Ohio? If subsidies are good enough
• 52:57
  for Ohio companies, why aren't they good enough
• 52:59
  for companies trying to compete overseas? Well,
• 53:01
  first of all, when we talk about the import -export
• 53:03
  bank, it's time to clean up corporate welfare.
• 53:06
  If we're going to reform welfare for poor people,
• 53:08
  we ought to reform it for rich people as well.
• 53:10
  Secondly, in our state, We went from a loss of
• 53:13
  350 ,000 jobs to now a gain of 347 ,000 jobs
• 53:18
  to the positive. Our wages are growing faster
• 53:22
  than the national average. And I've cut taxes
• 53:25
  more than any sitting governor in this state,
• 53:27
  $5 billion, including no taxes on small business
• 53:31
  and killing the death tax. Now, I want to go
• 53:34
  back to what we were talking about earlier, this
• 53:36
  budget deal in Washington. This is the same old
• 53:39
  stuff once since I left. You spend the money
• 53:43
  today and then you hope you're going to save
• 53:45
  money tomorrow. I don't know if people understand,
• 53:48
  but I spent a lifetime with my colleagues getting
• 53:51
  us to a federal balanced budget. We actually
• 53:54
  did it. And I have a roadmap and a plan right
• 53:58
  now to get us to balance. Reforming entitlements,
• 54:01
  cutting taxes. You see, because if you really
• 54:04
  want to get to a balanced budget, you need to
• 54:06
  reduce your expenses and you need to grow your
• 54:08
  economy. So what I will tell you about our incentives,
• 54:11
  our incentives are tight. And at the end of the
• 54:13
  day, we make sure that we gain more from the
• 54:16
  creation of jobs than what we lose. And you know
• 54:19
  what? Ohio, one of the best growing places in
• 54:22
  the country, I not only did it in Washington,
• 54:24
  I did it in Ohio. And I'll go back to Washington
• 54:27
  again, and there'll be no more of these silly
• 54:29
  deals if I become president, because we'll have
• 54:31
  a constitutional amendment to require a federally
• 54:34
  balanced budget so they will do their job. Thank
• 54:37
  you, John. Senator Cruz, working women in this
• 54:41
  country still earn just 77 % of what men earn,
• 54:44
  and I know that you've said you've been very
• 54:45
  sympathetic to our cause, but you've also said
• 54:48
  that the Democrats' moves to try and change this
• 54:50
  are political show votes. I just wonder what
• 54:52
  you would do as president to try and help in
• 54:54
  this cause. Well, we've got to turn the economy
• 54:57
  around for people who are struggling. The Democrats'
• 55:00
  answer to everything is more government control
• 55:02
  over wages and more empowering trial lawyers
• 55:05
  to file lawsuits. You know, you look at working
• 55:08
  women. I'll tell you, in my family, there are
• 55:11
  a lot of single moms in my family. My sister
• 55:13
  was a single mom. Both my aunts were single moms.
• 55:16
  My mom, who's here today, was a single mom when
• 55:20
  my father left us when I was three years old.
• 55:25
  My father was invited to a Bible study and became
• 55:29
  born again, and he came back to my mom and me,
• 55:31
  and we were raised together. But the struggle
• 55:35
  of single moms is extraordinary. And, you know,
• 55:37
  when you see Hillary Clinton and Bernie Sanders
• 55:39
  and all the Democrats talking about wanting to
• 55:42
  address the plight of working women, not a one
• 55:45
  of them mentioned the fact that under Barack
• 55:47
  Obama, 3 .7 million women have entered poverty.
• 55:50
  Not a one of them mentioned the fact that under
• 55:53
  Barack Obama and the big government economy,
• 55:55
  The median wage for women has dropped $733. The
• 55:59
  truth of the matter is, big government benefits
• 56:02
  the wealthy, it benefits the lobbyists, it benefits
• 56:05
  the giant corporations, and the people who are
• 56:08
  getting hammered are small businesses, it's single
• 56:10
  moms, it's Hispanics. That is who I'm fighting
• 56:13
  for, the people that Washington leaves behind.
• 56:16
  Becky, it is the height of hypocrisy for Mrs.
• 56:20
  Clinton to talk about being the first woman president.
• 56:24
  when every single policy she espouses and every
• 56:29
  single policy of President Obama has been demonstrably
• 56:33
  bad for women. 92 % of the jobs lost during Barack
• 56:42
  Obama's first term belonged to women. Senator
• 56:46
  Cruz is precisely right. Three million women
• 56:50
  have fallen into poverty under this administration.
• 56:53
  The number of women living in extreme poverty
• 56:57
  is the highest level on record. I am a conservative
• 57:01
  because I know our values, our principles, and
• 57:04
  our policies work better to lift everyone up,
• 57:07
  men and women. Thank you, Mrs. Fiorina. Dr. Carson,
• 57:12
  we know you as a physician, but we wanted to
• 57:13
  ask you about your involvement on some corporate
• 57:16
  boards, including Costco's. Last year, a marketing
• 57:19
  study called the warehouse retailer the number
• 57:21
  one gay -friendly brand in America, partly because
• 57:25
  of its domestic partner benefits. Why would you
• 57:28
  serve on a company whose policies seem to run
• 57:31
  counter to your views on homosexuality? Well,
• 57:34
  obviously to understand my views on homosexuality.
• 57:37
  I believe that our Constitution protects everybody,
• 57:41
  regardless of their sexual orientation or any
• 57:44
  other aspect. I also believe that marriage is
• 57:47
  between one man and one woman. And there is no
• 57:51
  reason that you can't be perfectly fair to the
• 57:55
  gay community. They shouldn't automatically assume
• 57:58
  that because you believe that marriage is between
• 58:00
  one man and one woman, that you are a homophobe.
• 58:04
  And this is one of the myths. that the left perpetrates
• 58:08
  on our society. And this is how they frighten
• 58:11
  people and get people to shut up. You know, that's
• 58:14
  what the PC culture is all about, and it's destroying
• 58:16
  this nation. The fact of the matter is, we, the
• 58:19
  American people, are not each other's enemies.
• 58:22
  It's those people who are trying to divide us
• 58:24
  who are the enemies, and we need to make that
• 58:25
  very clear to everybody. One more question. There's
• 58:31
  a company called Manatech. a maker of nutritional
• 58:34
  supplements with which you had a 10 -year relationship.
• 58:37
  They offered claims that they could cure autism,
• 58:40
  cancer. They paid $7 million to settle a deceptive
• 58:44
  marketing lawsuit in Texas. And yet your involvement
• 58:46
  continued. Why? Well, that's easy to answer.
• 58:51
  I didn't have an involvement with them. That
• 58:52
  is total propaganda. And this is what happens
• 58:55
  in our society. Total propaganda. I did a couple
• 58:58
  of speeches for them. I did speeches for other
• 59:00
  people. They were paid speeches. It is absolutely
• 59:03
  absurd to say that I had any kind of a relationship
• 59:06
  with them. Do I take the product? Yes. I think
• 59:10
  it's a good product. To be fair, you were on
• 59:12
  the homepage of their website with the logo over
• 59:15
  your shoulder. If somebody put me on their homepage,
• 59:17
  they did it without my permission. mission. Does
• 59:19
  that not speak to your vetting process or judgment
• 59:22
  in any way? No, it speaks to the fact that I
• 59:24
  don't know those. See, they know. We will take
• 59:34
  a break. We'll be back from Boulder in just a
• 59:36
  minute. presidential debate on CNBC live from
• 59:47
  Boulder, Colorado at the University of Colorado.
• 59:50
  Senator Huckabee, I mean, excuse me, Senator
• 59:52
  Rubio. Wired Magazine recently carried the headline,
• 59:56
  Marco Rubio wants to be the tech industry's savior.
• 1:00:00
  It noted your support for dramatically increasing
• 1:00:02
  immigration visas called H -1B, which are designed
• 1:00:06
  for workers with the special skills that Silicon
• 1:00:08
  Valley wants. But your Senate colleague, Jeff
• 1:00:11
  Sessions of Alabama, says in reality, the tech
• 1:00:14
  industry uses this program to undercut hiring
• 1:00:17
  and wages for highly qualified americans why
• 1:00:20
  is he wrong well first of all if a company gets
• 1:00:22
  caught doing that they should never be able to
• 1:00:23
  use the program again if you get caught abusing
• 1:00:26
  this program you should never be able to use
• 1:00:27
  it again The second thing I've said is we need
• 1:00:29
  to add reforms, not just increase the numbers,
• 1:00:31
  but add reforms. For example, before you hire
• 1:00:33
  anyone from abroad, you should have to advertise
• 1:00:35
  that job for 180 days. You also have to prove
• 1:00:39
  that you're going to pay these people more than
• 1:00:40
  you would pay someone else so that you're not
• 1:00:42
  undercutting it by bringing in cheap labor. But
• 1:00:45
  here's the best solution of all. We need to get
• 1:00:47
  back to training people in this country to do
• 1:00:48
  the jobs of the 21st century. Why? For the life
• 1:00:50
  of me, I do not understand why did we stop doing
• 1:00:53
  vocational education in America. people that
• 1:00:55
  can work with their hands, people that you can
• 1:00:57
  train to do this work while they're still in
• 1:00:59
  high school so they can graduate ready to go
• 1:01:01
  work. So the best way to close this gap is to
• 1:01:03
  modernize higher education so Americans have
• 1:01:06
  the skills for those jobs. But in the interim,
• 1:01:08
  in the absence of that, what's happening is some
• 1:01:10
  of these tech companies are taking those centers
• 1:01:12
  to Canada. because they can get people to go
• 1:01:15
  over there instead of here. But the ideal scenario
• 1:01:17
  is to train Americans to do the work, so we don't
• 1:01:19
  have to rely on people from abroad. Well, it
• 1:01:21
  sounds like you think Senator Sessions is wrong
• 1:01:23
  to believe there's enough abuse in that program
• 1:01:25
  that we shouldn't increase another. Well, I believe
• 1:01:27
  there are abuses. Those companies should be permanently
• 1:01:29
  barred from ever using the program again, and
• 1:01:31
  we should put strict standards in place to ensure
• 1:01:33
  that they're not being abused, like the prevailing
• 1:01:35
  wage requirement and like the advertisement requirement.
• 1:01:38
  Thank you, Senator. Becky? Mr. Trump, let's stay
• 1:01:40
  on this issue of immigration. You have been very
• 1:01:43
  critical. of Mark Zuckerberg of Facebook, who
• 1:01:45
  has wanted to increase the number of these H
• 1:01:47
  -1Bs? I was not at all critical of him. I was
• 1:01:49
  not at all. In fact... Frankly, he's complaining
• 1:01:51
  about the fact that we're losing some of the
• 1:01:53
  most talented people. They go to Harvard. They
• 1:01:55
  go to Yale. They go to Princeton. They come from
• 1:01:57
  another country, and they're immediately sent
• 1:01:59
  out. I am all in favor of keeping these talented
• 1:02:03
  people here so they can go to work in Silicon
• 1:02:05
  Valley. So you're in favor of increasing this?
• 1:02:07
  So I have not been at all critical of him. Where
• 1:02:10
  did I read this and come up with this that you
• 1:02:11
  were? Probably, I don't know. You people write
• 1:02:13
  this stuff. I don't know where you are. And if
• 1:02:20
  I could say just one thing, I am the only person
• 1:02:23
  in either campaign that's self -funding. I'm
• 1:02:26
  putting up 100 % of my own money. And right now,
• 1:02:28
  I will be putting up a tremendous... So far,
• 1:02:30
  I put up less than anybody, and I have the best
• 1:02:33
  results. Wouldn't that be nice if the country
• 1:02:35
  could do that? But I will be putting up tremendous
• 1:02:39
  amounts of money. Super PACs are a disaster.
• 1:02:43
  They're a scam. They cause dishonesty. And you
• 1:02:46
  better get rid of them. because they are causing
• 1:02:48
  a lot of bad decisions to be made by some very
• 1:02:51
  good people. And I'm not blaming these folks,
• 1:02:54
  but I guess I could. Very good people are making
• 1:02:59
  very bad decisions right now. And if anything
• 1:03:03
  comes out of this whole thing with some of these
• 1:03:05
  nasty and ridiculous questions, I will tell you,
• 1:03:08
  you better get rid of the super PACs, because
• 1:03:11
  they're causing a big problem with this country,
• 1:03:14
  not only in dishonesty and what's going on. but
• 1:03:17
  also in a lot of bad decisions that have been
• 1:03:19
  made. for the benefit of lobbyists and special
• 1:03:22
  interests. You had talked a little bit about
• 1:03:31
  Marco Rubio. I think you called him Mark Zuckerberg's
• 1:03:35
  personal senator because he was in favor of the
• 1:03:37
  H -1B. I never said that. I never said that.
• 1:03:39
  So this was an erroneous article the whole way
• 1:03:41
  around? He's got another gentleman in Florida
• 1:03:42
  who happens to be a very nice guy. My apologies.
• 1:03:46
  I'm sorry. Everybody's really doing some bad
• 1:03:48
  facts. You know the Democrats have the ultimate
• 1:03:52
  super packet called the mainstream media. Last
• 1:03:56
  week Hillary Clinton went before committee She
• 1:04:02
  admitted she had sent emails to her family saying,
• 1:04:05
  hey, this attack in Benghazi was caused by al
• 1:04:08
  -Qaeda -like elements. She spent over a week
• 1:04:10
  telling the families of those victims and the
• 1:04:12
  American people that it was because of a video.
• 1:04:15
  And yet the mainstream media is going around
• 1:04:16
  saying it was the greatest week in Hillary Clinton's
• 1:04:18
  campaign. It was the week she got exposed as
• 1:04:20
  a liar. It was the week that she got exposed
• 1:04:23
  as a liar. But she has her super PAC helping
• 1:04:27
  her out, the American mainstream media. Senator
• 1:04:29
  Rubio, thank you very much. I'd like to introduce
• 1:04:31
  my colleague, Rick Santelli. He has some confidence
• 1:04:33
  as well. Sir. Senator Cruz, let's focus on our
• 1:04:37
  central bank, the Federal Reserve. You've been
• 1:04:39
  a fierce critic of the Fed, arguing for more
• 1:04:42
  transparency. Where do you want to take that?
• 1:04:45
  Do you want to get Congress involved in monetary
• 1:04:47
  policy? Or is it time to slap the Fed back and
• 1:04:50
  downsize them completely? What are your thoughts?
• 1:04:52
  What do you believe? Well, Rick, it's a very
• 1:04:54
  important question. I've got deep concerns about
• 1:04:56
  the Fed. The first thing I think we need to do
• 1:04:58
  is audit the Fed. And I am an original co -sponsor
• 1:05:02
  of Ron Paul's audit the Fed legislation. The
• 1:05:05
  second thing we need to do is I think we need
• 1:05:07
  to bring together a bipartisan commission to
• 1:05:09
  look at getting back to rules -based monetary
• 1:05:12
  policy. End this star chamber. that has been
• 1:05:16
  engaging in this incredible experiment of quantitative
• 1:05:19
  easing, QE1, QE2, QE3, QE infinity. And the people
• 1:05:25
  who are being impacted, you know, a question
• 1:05:26
  that was asked earlier, Becky asked, was about
• 1:05:28
  working women. You know, it's interesting. You
• 1:05:31
  look at on Wall Street, the Fed is doing great.
• 1:05:33
  It's driving up stock prices. Wall Street's doing
• 1:05:36
  great. You know, today, the top 1 % earn a higher
• 1:05:39
  share of our income than any year since 1928.
• 1:05:43
  But if you look at working men and women, If
• 1:05:45
  you look at a single mom buying groceries, she
• 1:05:48
  sees hamburger prices have gone up nearly 40%.
• 1:05:51
  She sees her cost of electricity going up. She
• 1:05:55
  sees her health insurance going up. And loose
• 1:05:58
  money is one of the major problems. We need sound
• 1:06:01
  money. And I think the Fed should get out of
• 1:06:03
  the business of trying to juice our economy and
• 1:06:06
  simply be focused on sound money and monetary
• 1:06:09
  stability, ideally tied to gold. Senator Paul,
• 1:06:13
  the same question to you. Well, thank you very
• 1:06:16
  much. I'd like to thank Ted for co -sponsoring
• 1:06:18
  my bill, Audit the Fed. And I think it's precisely
• 1:06:21
  because of the arrogance of someone like Ben
• 1:06:23
  Bernanke, who now calls us all know -nothings,
• 1:06:26
  that's precisely why we need Audit the Fed. I
• 1:06:29
  think it is really very much a huge problem that
• 1:06:34
  an organization as powerful as the Fed comes
• 1:06:36
  and lobbies against them being audited on the
• 1:06:39
  Hill. I would prevent them from lobbying. I don't
• 1:06:43
  think the Fed should be involved with lobbying
• 1:06:44
  us. I think we should examine how the Fed has
• 1:06:47
  really been part of the problem. You want to
• 1:06:50
  study income inequality? Let's bring the Fed
• 1:06:52
  forward and talk about Fed policy and how it
• 1:06:55
  causes income inequality. Let's also bring the
• 1:06:58
  Fed forward and have them explain how they caused
• 1:07:01
  the housing boom and the crisis and what they've
• 1:07:04
  done to make us better or worse. I think the
• 1:07:06
  Fed has been a great problem in our society.
• 1:07:08
  What you need to do is free up interest rates.
• 1:07:11
  Interest rates are the price of money, and we
• 1:07:13
  shouldn't have price controls on the price of
• 1:07:15
  money. Thank you, Senator. Dr. Carson. You told
• 1:07:22
  the Des Moines Register that you don't like government
• 1:07:26
  subsidies. It interferes with the free market.
• 1:07:29
  But you've also said that you're in favor of
• 1:07:33
  taking oil subsidies and putting them towards
• 1:07:36
  ethanol processing. Isn't that just swapping
• 1:07:40
  one subsidy for another, doctor? Well, first
• 1:07:42
  of all, I was wrong about taking the oil subsidy.
• 1:07:48
  studied that issue in great detail and what I
• 1:07:51
  have concluded that the best policy is to get
• 1:07:54
  rid of all government subsidies and get the government
• 1:07:57
  out of our lives and let people rise and fall
• 1:08:00
  based on how good they are and you know all this
• 1:08:03
  too big to fail stuff and picking and choosing
• 1:08:06
  winners and losers this is a bunch of crap and
• 1:08:08
  it is really causing a great deal of great deal
• 1:08:11
  of problems for our society right now and and
• 1:08:15
  You know, it goes back to the whole concept of
• 1:08:16
  regulations, which are in everything. The reason
• 1:08:19
  that I hate them so much is because every single
• 1:08:22
  regulation costs in terms of goods and services.
• 1:08:26
  That cost gets passed on to the people. Now,
• 1:08:28
  who are the people who are hurt by that? It's
• 1:08:30
  poor people and middle class. It doesn't hurt
• 1:08:32
  rich people if their bar of soap goes up 10 cents,
• 1:08:35
  but it hurts the poor and the middle class. And
• 1:08:38
  Bernie Sanders will tell them that it's because
• 1:08:41
  of the rich. Well, I'll tell you something. You
• 1:08:43
  can take everything from the top 1 % and you
• 1:08:45
  apply it to our fiscal gap and you won't even
• 1:08:47
  make a dent in it. Thank you, doctor. Becky?
• 1:08:50
  Rick, thank you very much. Governor Huckabee,
• 1:08:52
  you have railed against income inequality. You've
• 1:08:55
  said that some Wall Street executives should
• 1:08:57
  have gone to jail over the roles that they played
• 1:08:59
  during the financial crisis. Apart from your
• 1:09:01
  tax plan, are there specific steps that you would
• 1:09:04
  require from corporate America to try and reduce
• 1:09:07
  income inequality? I don't think it's so much
• 1:09:09
  about when the government orders a corporation
• 1:09:12
  to do something. In fact, that's part of the
• 1:09:14
  problem. If you saw that blimp that got cut loose
• 1:09:17
  for Maryland today, It's a perfect example of
• 1:09:20
  government. I mean, what we had was something
• 1:09:23
  the government made, basically a bag of gas that
• 1:09:27
  cut loose, destroyed everything in its path,
• 1:09:29
  left thousands of people powerless, but they
• 1:09:32
  couldn't get rid of it because we had too much
• 1:09:34
  money invested in it, so we had to keep it. That
• 1:09:37
  is our government today. We saw it in the blimp.
• 1:09:40
  That's exactly what we saw. So look, corporations
• 1:09:44
  ought to exercise some responsibility. When CEO
• 1:09:49
  income has risen 90 % above the average worker,
• 1:09:54
  when the bottom 90 % of this country's economy
• 1:09:57
  has had stagnant wages for the past 40 years,
• 1:10:02
  somebody is taking it in the teeth. And it's
• 1:10:06
  not the folks on Wall Street. I'm not anti -Wall
• 1:10:08
  Street, but I don't believe the government ought
• 1:10:11
  to... wear a team jersey pick winners and losers
• 1:10:14
  the government ought to wear a striped shirt
• 1:10:16
  and just make sure the game is paid played fairly
• 1:10:18
  now everybody else has fudged their time and
• 1:10:20
  gone over so please don't cut me off too quick
• 1:10:23
  becky all right let me just close it up about
• 1:10:26
  15 more seconds we need to be focusing on what
• 1:10:30
  fixes this country and i'll tell you one thing
• 1:10:33
  that we never talk about we haven't talked about
• 1:10:34
  it tonight Why aren't we talking about, instead
• 1:10:37
  of cutting benefits for old people, cutting benefits
• 1:10:40
  for sick people, why don't we say, let's cure
• 1:10:44
  the four big cost -driving diseases, diabetes,
• 1:10:48
  heart disease, cancer, and Alzheimer's. If you
• 1:10:51
  do that, you don't just change the economy, you
• 1:10:54
  transform the lives of millions of hurting Americans.
• 1:10:58
  Gosh, I'd love for us to talk about something
• 1:11:00
  like that. Thank you. Governor Bush, the tax
• 1:11:03
  reform bill that Ronald Reagan signed in 1986
• 1:11:05
  cut the top personal income tax rate to 28%,
• 1:11:09
  just like your plan does. But President Reagan
• 1:11:12
  taxed capital gains at the same rate, while you
• 1:11:15
  would tax them at just 20%. Given the problems
• 1:11:18
  we've been discussing, growing gap between rich
• 1:11:20
  and poor, why would you tax labor at a higher
• 1:11:23
  rate than income from investments? Look, the
• 1:11:27
  simple fact is that my plan actually gives the
• 1:11:29
  middle class the greatest break. Two thousand
• 1:11:32
  dollars. per family. If you make $40 ,000 a year,
• 1:11:35
  a family of four, you don't pay any income tax
• 1:11:38
  at all. Simplifying the code and lowering rates,
• 1:11:41
  both for corporations and personal rates, is
• 1:11:44
  exactly what we need to do. You think about the
• 1:11:46
  regulatory costs and the tax costs. That's why
• 1:11:49
  small businesses are closing rather than being
• 1:11:51
  formed in our country right now. The big corporations
• 1:11:53
  have the scale to deal with all of this. And
• 1:11:56
  what I think all of us are saying is our monetary
• 1:11:58
  policy, our tax policy, regulatory policy needs
• 1:12:01
  to be radically changed. so that we can create
• 1:12:03
  high sustained growth for income to rise. The
• 1:12:06
  government has tried it their way. Under Barack
• 1:12:08
  Obama and the proposals of Hillary Clinton and
• 1:12:11
  Bernie Sanders and others, they've tried it their
• 1:12:13
  way and it has failed miserably. We need to take
• 1:12:16
  a new approach of taxing, reforming how we tax
• 1:12:19
  and reforming the regulations in our country
• 1:12:21
  before it's too late. Senator Rubio, 30 seconds
• 1:12:24
  to you. The Tax Foundation, which was alluded
• 1:12:26
  to earlier, scored your tax plan and concluded
• 1:12:29
  that you give nearly twice as much of a gain
• 1:12:33
  in after -tax income to the top 1 % as to people
• 1:12:36
  in the middle of the income scale. Since you're
• 1:12:39
  the champion of... Americans living paycheck
• 1:12:42
  to paycheck, don't you have that backward? No,
• 1:12:44
  you're wrong. In fact, the largest after -tax
• 1:12:47
  gains is for the people at the lower end of the
• 1:12:49
  tax spectrum under my plan. And there's a bunch
• 1:12:51
  of things my tax plan does to help them. Number
• 1:12:53
  one, you have people in this country... The Tax
• 1:12:55
  Foundation, just to be clear, they said... No,
• 1:12:57
  you didn't have to correct the story. You wrote
• 1:12:58
  a story on it and you had to go back and correct
• 1:13:00
  it. No, I did not. Oh, you did. Senator, the
• 1:13:05
  Tax Foundation said after -tax income for the
• 1:13:08
  top 1 % under your plan would... go up twenty
• 1:13:11
  seven point nine percent well you're talking
• 1:13:13
  about people in the middle of the income spectrum
• 1:13:16
  about 15 percent yeah but that because the math
• 1:13:18
  is if you five percent of a million is a lot
• 1:13:21
  more than five percent of a thousand so yeah
• 1:13:22
  this is someone makes more money numerically
• 1:13:24
  it's going to be higher but but the greatest
• 1:13:26
  gains percentage -wise for people are going to
• 1:13:28
  be at the lower end of our plan and here's why
• 1:13:30
  because in addition to a general personal exemption
• 1:13:33
  we are increasing the per child tax credit for
• 1:13:36
  working families we are lowering taxes on small
• 1:13:38
  business you know a lot of business activity
• 1:13:40
  in america is conducted like the guy that does
• 1:13:42
  my dry cleaning. He's an S corporation. He pays
• 1:13:44
  on his personal rate and he is paying higher
• 1:13:47
  than the big dry cleaning chain down the street
• 1:13:49
  because he's paying at his personal rate. Under
• 1:13:51
  my plan, no business, big or small, will pay
• 1:13:53
  more than 25 % flat rate on their business income.
• 1:13:56
  That is a dramatic tax decrease for hardworking
• 1:13:58
  people who run their own businesses. John, I'd
• 1:14:00
  like to address... The other point that I would
• 1:14:01
  make about our plan, one more point, it is the
• 1:14:03
  most pro -growth tax plan that I can imagine
• 1:14:05
  because it doesn't tax investments at all. You
• 1:14:07
  know why? The more you tax something, the less
• 1:14:10
  of it you get. I want to be the... I want America
• 1:14:12
  to be the best place in the world for people
• 1:14:13
  to invest. John, I'd like to redress this. John,
• 1:14:16
  could I follow up on this? We'll come back around.
• 1:14:18
  I want to get to Governor Kasich. What are the
• 1:14:20
  rules on who gets to follow up? How do we decide
• 1:14:23
  who gets to follow up? I've seen 20 other people
• 1:14:25
  follow up. It was at the moderator discretion.
• 1:14:28
  Governor Kasich, let's talk about marijuana,
• 1:14:33
  Governor Kasich. I'd really like to mention something
• 1:14:34
  about my tax plan and how it relates to the discussion.
• 1:14:37
  I thought this was going to be a freewheeling
• 1:14:38
  discussion. Sure, 30 seconds. All right. Much
• 1:14:43
  of the discussion is centered over whether or
• 1:14:45
  not the different tax plans help or affect the
• 1:14:47
  middle class. In fact, it's the chief argument
• 1:14:49
  by Democrats against many of the different flat
• 1:14:52
  tax proposals. Mine is unique in the sense that
• 1:14:56
  my tax plan actually gets rid of the payroll
• 1:14:58
  tax as well. It shifts it to the business, and
• 1:15:01
  it would allow middle -class people to get a
• 1:15:04
  tax cut. If you just cut their income tax, there
• 1:15:07
  isn't much income tax to cut. Mine actually cuts
• 1:15:10
  the payroll tax, and I think it would spread
• 1:15:12
  the tax cut across all socioeconomic levels and
• 1:15:15
  would allow then it to be something that would
• 1:15:18
  be broadly supported by the public in an election.
• 1:15:21
  Senator, thank you. And let me say on this, Rand
• 1:15:22
  is exactly right. His plan is a good plan, and
• 1:15:26
  I will note that my 10 % plan... also eliminates
• 1:15:29
  the payroll tax, eliminates the death tax, eliminates
• 1:15:32
  the business income tax. A 10 % flat rate is
• 1:15:36
  the lowest personal rate any candidate up here
• 1:15:39
  has. And what it would also enable us to do is
• 1:15:42
  for every citizen to fill out their taxes on
• 1:15:44
  a postcard so we can eliminate the IRS. Thank
• 1:15:49
  you, Senator. Governor Kasich, let's talk about
• 1:15:52
  marijuana. We're broadcasting from Colorado,
• 1:15:55
  which has seen $150 million in new revenue for
• 1:15:58
  the state since legalizing last year. Governor
• 1:16:00
  Hickenlooper was not a big fan of legalization,
• 1:16:03
  but he said the people who used to be smoking
• 1:16:05
  it are still smoking it. They're just now paying
• 1:16:07
  taxes. Given the budget pressures in Ohio and
• 1:16:10
  other states, is this a revenue stream you'd
• 1:16:12
  like to have? First of all, we're running a $2
• 1:16:14
  billion surplus, okay? We're not having a revenue
• 1:16:16
  problem right now. And sending mixed signals
• 1:16:19
  to kids about drugs is a disaster. Drugs is one
• 1:16:22
  of the greatest scourges in this country. I've
• 1:16:24
  spent five years of my administration working
• 1:16:26
  with my team to do a whole sort of things to
• 1:16:29
  try to rein in the problem of overdoses. And
• 1:16:32
  it goes on and on. We can do a whole show on
• 1:16:35
  that. I want to go back for a second, though,
• 1:16:37
  to this issue of income inequality. My program
• 1:16:40
  would move the 104 programs of the Federal Department
• 1:16:45
  of Education into four block grants and send
• 1:16:47
  them back to the states because income inequality
• 1:16:50
  is driven by a lot of... lack of skills, when
• 1:16:52
  kids don't get what they need to be able to compete
• 1:16:55
  and win in this country. The fact is, in order
• 1:16:57
  to get this economy moving again, I call for
• 1:17:01
  freezing regulations for a year, except for the
• 1:17:05
  problem of public safety. I believe that we need
• 1:17:08
  to cut these taxes down. We need to be on a roadmap
• 1:17:11
  to balancing the budget. And we need to send
• 1:17:14
  power, money, and influence, the welfare department,
• 1:17:17
  the education department, job training, infrastructure,
• 1:17:20
  Medicaid, all of it out of Washington back to
• 1:17:22
  the state so we can run these programs from where
• 1:17:25
  we live to the top, not a one -size -fits -all
• 1:17:28
  mentality that they have in Washington. And that
• 1:17:31
  will get to the nub of opportunity for our children
• 1:17:34
  and an ability. to see wages rise. Again, one
• 1:17:38
  more time, in Ohio, our wages are growing faster
• 1:17:41
  than the national average. We've cut taxes, balanced
• 1:17:45
  budgets, changed the regulatory environment.
• 1:17:47
  Folks, you want to fix America? This is the formula.
• 1:17:51
  It worked for Reagan, and it works for our team
• 1:17:53
  in Ohio. Thank you. Thank you. We'll be back
• 1:17:55
  from Boulder, Colorado, in just a moment. As
• 1:18:04
  Republican candidates offer up their vision for
• 1:18:07
  the future, I'd like to focus on one of our greatest
• 1:18:10
  assets, America's small businesses. They are
• 1:18:13
  the heart of mainstream and the back... Welcome
• 1:18:17
  back to the University of Colorado and the Republican
• 1:18:20
  presidential debate right here on CNBC. Mr. Trump,
• 1:18:24
  I'm going to go back to an issue that we were
• 1:18:25
  talking about before, the H -1B visas. I found
• 1:18:28
  where I read that before. It was from the DonaldJakeTrump
• 1:18:31
  .com website, and it says... It says that, again,
• 1:18:37
  Mark Zuckerberg's personal senator, Marco Rubio,
• 1:18:40
  has a bill to triple H -1Bs that would decimate
• 1:18:43
  women and minorities. Are you in favor of H -1Bs?
• 1:18:46
  Are you opposed to them? I'm in favor of people
• 1:18:48
  coming into this country legally. And you know
• 1:18:51
  what? They can have it any way you want. You
• 1:18:53
  can call it visas. You can call it work permits.
• 1:18:56
  You can call it anything you want. I've created
• 1:18:59
  tens of thousands of jobs. And in all due respect,
• 1:19:02
  and actually some of these folks I really like
• 1:19:04
  a lot. But I'm the only one that can say that.
• 1:19:07
  I have created tens of thousands of jobs. And
• 1:19:09
  I'll be creating many millions of jobs if I'm
• 1:19:12
  given the opportunity to be president. As far
• 1:19:16
  as Mark is concerned, as far as the visas are
• 1:19:19
  concerned, if we need people, it's fine. They
• 1:19:22
  have to come in to this country legally. We have
• 1:19:26
  a country of borders. We have a country of laws.
• 1:19:29
  We have to obey the laws. It's fine if they come
• 1:19:32
  in, but they have to come in legally. Thank you,
• 1:19:34
  sir. That was mentioned in your question. You
• 1:19:36
  get 30 seconds. Well, I've learned the rules
• 1:19:40
  on this. Look, in addition to what Donald is
• 1:19:44
  saying, we also need to talk about the legal
• 1:19:46
  immigration system for permanent residency. Today
• 1:19:48
  we have a legal immigration system for permanent
• 1:19:50
  residency that is largely based on whether or
• 1:19:53
  not you have a relative living here. And that's
• 1:19:55
  the way my parents came legally in 1956. But
• 1:19:58
  in 2015, we have a very different economy. Our
• 1:20:00
  legal immigration system from now on has to be
• 1:20:02
  merit -based. It has to be based on what skills
• 1:20:04
  you have, what you can contribute economically,
• 1:20:07
  and most important of all, on whether or not
• 1:20:09
  you're coming here to become an American. Not
• 1:20:11
  just live in America, but be an American. Thank
• 1:20:13
  you, Senator. Mr. Trump. You said you have a
• 1:20:17
  special permit to carry a gun in New York. Yes.
• 1:20:20
  After the Oregon mass shooting on October 1st,
• 1:20:22
  you said, by the way, it was a gun -free zone.
• 1:20:25
  If you had a couple of teachers with guns, you
• 1:20:27
  would have been a hell of a lot better off. Or
• 1:20:28
  somebody else. Right. Would you feel more comfortable
• 1:20:31
  if your employees brought guns to work? Yes,
• 1:20:35
  I might feel more comfortable. I would say that
• 1:20:39
  I would, and I have a permit, which is very unusual
• 1:20:42
  in New York, a permit to carry. And I do carry
• 1:20:46
  on occasion, sometimes a lot, but I like to be
• 1:20:49
  unpredictable so that people don't know exactly
• 1:20:51
  what I'm carrying. Unlike this country. By the
• 1:20:55
  way, unlike our country where we're totally predictable
• 1:21:00
  and the enemy, whether it's ISIS or anybody else,
• 1:21:03
  they know exactly what we're doing because we
• 1:21:06
  have the wrong leadership. But I feel that the
• 1:21:10
  gun -free zones, and, you know, when you say
• 1:21:12
  that, that's target practice for the sickos and
• 1:21:15
  for the mentally ill. That's target. They look
• 1:21:18
  around for gun -free zones. I mean, we could
• 1:21:20
  give you another example. The Marines, the Army,
• 1:21:23
  these wonderful six soldiers that were killed,
• 1:21:26
  two of them were among the most highly... They
• 1:21:29
  weren't allowed on a military base to have guns,
• 1:21:32
  and somebody walked in and shot them, killed
• 1:21:34
  them. If they had guns... He wouldn't be around
• 1:21:38
  very long, I can tell you. There wouldn't have
• 1:21:39
  been much damage. So I think gun -free zones
• 1:21:42
  are a catastrophe. They're a feeding frenzy for
• 1:21:45
  sick people. We called a few Trump resorts, a
• 1:21:48
  few Trump properties that do not allow guns with
• 1:21:51
  or without a permit. Would you change those policies?
• 1:21:53
  I would change them. Okay. I would change them.
• 1:21:55
  All right. Thank you. John? Governor Huckabee,
• 1:21:58
  you've written about the huge divide in values
• 1:22:00
  between middle America and the big coastal cities
• 1:22:03
  like New York and Los Angeles. As a preacher
• 1:22:06
  as well as a politician, you know that presidents
• 1:22:08
  need the moral authority to bring the entire
• 1:22:10
  country together. The leading Republican candidate,
• 1:22:13
  when you look at the average of national polls
• 1:22:15
  right now, is Donald Trump. When you look at
• 1:22:17
  him, do you see someone with the moral authority
• 1:22:19
  to unite the country? As few questions I've got,
• 1:22:27
  the last one I need is to give him some more
• 1:22:28
  time. I love Donald Trump. He is a good man.
• 1:22:32
  I'm wearing a Trump tie tonight. Get over that
• 1:22:34
  one, okay? Is it made in China or Mexico? I have
• 1:22:42
  no idea. China or Mexico? Such a nasty question.
• 1:22:47
  But thank you, Governor. You're welcome. Let
• 1:22:51
  me tell you, Donald Trump would be a better president
• 1:22:53
  every day of the week and twice on Sunday rather
• 1:22:56
  than Hillary. I've spent a lifetime in politics.
• 1:22:59
  Fighting the Clinton machine. You want to talk
• 1:23:01
  about what we're going to be up against next
• 1:23:03
  year? I'm the only guy on this stage. You know,
• 1:23:05
  everybody has an only guy. I'm the only guy this.
• 1:23:07
  I'm the only guy that. Well, let me tell you
• 1:23:08
  one thing, that I am the only guy. The only guy
• 1:23:11
  that has consistently fought the Clinton machine
• 1:23:14
  every election I was ever in over the past 26
• 1:23:17
  years. And not only did I fight them, but I beat
• 1:23:21
  them. Somebody says I'm a fighter. Well, I want
• 1:23:23
  to know, did you win? Well, I did. And not only
• 1:23:26
  did I fight them and win, I lived to tell about
• 1:23:29
  it. And I'm standing on this stage tonight as
• 1:23:31
  evidence of that. And I think that ought to be
• 1:23:34
  worth something. Thank you, Governor. John, John,
• 1:23:37
  I'll tell you. So you want to talk about moral
• 1:23:38
  authority. Let's talk about something that's
• 1:23:41
  happened this week in the news. You know, the
• 1:23:44
  FBI director, the president's appointed FBI director,
• 1:23:47
  has said this week. that because of a lack of
• 1:23:50
  support from politicians like the President of
• 1:23:53
  the United States, that police officers are afraid
• 1:23:55
  to get out of their cars, that they're afraid
• 1:23:58
  to enforce the law. And he says, the President's
• 1:24:00
  appointee, that crime is going up because of
• 1:24:03
  this. And when the President of the United States
• 1:24:05
  gets out to speak about it, does he support police
• 1:24:08
  officers? Does he stand up for law enforcement?
• 1:24:10
  No, he doesn't. I'll tell you this. The number
• 1:24:13
  one job of the President of the United States
• 1:24:14
  is to protect the safety and the security. of
• 1:24:17
  the American people. This president has failed,
• 1:24:20
  and when I'm in the Oval Office, police officers
• 1:24:22
  will know that they will have the support of
• 1:24:24
  the President of the United States. That's real
• 1:24:26
  moral authority that we need in the Oval Office.
• 1:24:28
  Thank you, Governor. We'll bring in my colleague
• 1:24:30
  Sharon Epperson. Thank you, John. Mrs. Fiorina,
• 1:24:33
  you are the CEO of a large corporation that offers
• 1:24:36
  a 401k to its employees, but more than half of
• 1:24:40
  American workers have no access to an employer
• 1:24:42
  -sponsored retirement plan. That includes...
• 1:24:46
  the workers at small businesses and the growing
• 1:24:48
  ranks of Uber drivers and other part -timers
• 1:24:51
  in the freelance economy. Should the federal
• 1:24:53
  government play a larger role in helping to set
• 1:24:56
  up retirement plans for these workers? No. the
• 1:25:00
  federal government should not play a larger role.
• 1:25:02
  Look, every time the federal government gets
• 1:25:04
  engaged in something, it gets worse. And then
• 1:25:08
  the government steps in to try and solve the
• 1:25:10
  problem, and we get a little further down to
• 1:25:13
  that progressive vision that Hillary Clinton
• 1:25:15
  is talking about. Companies should... If they
• 1:25:20
  want to attract the best workers, provide a good
• 1:25:22
  set of benefits. But honestly, if you're a small
• 1:25:25
  business owner today, you are being crushed.
• 1:25:29
  We have 400 ,000 small businesses forming every
• 1:25:33
  year in this country. How great is that? They
• 1:25:36
  are employing themselves. They are potentially
• 1:25:38
  employing others. The bad news is we have 470
• 1:25:41
  ,000 going out of business every year. And why?
• 1:25:46
  They say, Obamacare. They are refusing to...
• 1:25:49
  You wouldn't agree with a start of 401K for businesses
• 1:25:52
  or anything like that? I think it's a wonderful
• 1:25:54
  thing that businesses start a 401K. The point
• 1:25:56
  I'm making is this. The federal government should
• 1:25:59
  not be in a lot of things. There is no constitutional
• 1:26:03
  role for the federal government in setting up
• 1:26:05
  a... retirement plans. There is no constitutional
• 1:26:08
  role for the federal government to be setting
• 1:26:10
  minimum wages. The more the government gets engaged
• 1:26:13
  in the economy, the slower the economy becomes.
• 1:26:16
  The more the government gets engaged in the economy,
• 1:26:19
  it is demonstrably true, the more the big, the
• 1:26:21
  powerful, the wealthy, and the well -connected
• 1:26:24
  are advantaged. We appreciate it. Thank you.
• 1:26:27
  Thank you. I want to turn my attention now to
• 1:26:30
  you, Governor Kasich. Most people can't get a
• 1:26:33
  college degree without going into debt. Over
• 1:26:35
  40 million Americans have student loans, and
• 1:26:37
  many of them cannot pay them back. This country
• 1:26:40
  has over $100 billion in student loan defaults.
• 1:26:44
  That's billion with a B. What will you do to
• 1:26:48
  make sure that students, their families, taxpayers
• 1:26:51
  won't feel the economic impact of this burden
• 1:26:54
  for generations? Well, first of all, in Ohio,
• 1:26:57
  we're changing the whole system. Universities
• 1:27:00
  will not get paid one dime unless a student graduates
• 1:27:03
  or graduates or completes a course. Secondly,
• 1:27:06
  you can be in high school and complete almost
• 1:27:08
  an entire first year before you go to college
• 1:27:11
  and get credit to do that. And of course, in
• 1:27:13
  addition to that, we are working now to go after
• 1:27:16
  the cost drivers in our universities. And let
• 1:27:18
  me give you an example. Universities today have
• 1:27:21
  so many non -academic assets. At Ohio State,
• 1:27:25
  they sold the parking garage and the parking
• 1:27:27
  lot. and they got 500 million dollars because
• 1:27:31
  they shouldn't be in the parking lot business
• 1:27:33
  they shouldn't be in the dining business they
• 1:27:35
  shouldn't be in the dorm business and of course
• 1:27:38
  we need to take advantage of online education
• 1:27:40
  to reduce these costs and begin to disintermediate
• 1:27:43
  the cost of four years now for those that have
• 1:27:45
  these these big high costs I think we can seriously
• 1:27:49
  look at an idea of where you can do public service.
• 1:27:53
  I mean legitimate public service and begin to
• 1:27:56
  pay off some of that debt through the public
• 1:27:59
  service that you do. And in the meantime, it
• 1:28:02
  may inspire us. to care more about our country
• 1:28:05
  more about ourselves this is a big moral issue
• 1:28:08
  in america living a life bigger than yourself
• 1:28:11
  and being a center of healing and justice and
• 1:28:14
  people can learn it through public service we
• 1:28:16
  don't need the federal government higher education
• 1:28:18
  is we don't need the federal government to be
• 1:28:20
  involved because when they do, we create a $1
• 1:28:23
  .2 trillion debt. In Florida, we have the lowest
• 1:28:27
  in -state tuition of any state because there's
• 1:28:29
  accountability, just as John said. Let the states
• 1:28:32
  do this. You'll create a much better graduation
• 1:28:34
  rate at a lower cost, and you won't indebt the
• 1:28:37
  next generation with recourse debt on their backs.
• 1:28:39
  It's always the solution of the left to create
• 1:28:42
  more government. from the federal government.
• 1:28:45
  It is broken. It is not working. Thank you very
• 1:28:48
  much, Governor Kasich. We have to move on. I'm
• 1:28:51
  coming right back to you, Governor Bush. Governor
• 1:28:55
  Bush, daily fantasy sports has become a phenomenon
• 1:28:58
  in this country. We'll award billions of dollars
• 1:29:00
  in prize money this year. But to play, you have
• 1:29:03
  to assess your odds, put money at risk, wait
• 1:29:06
  for an outcome that's out of your control. Isn't
• 1:29:09
  that the definition of gambling? And should the
• 1:29:11
  federal government treat it as such? Well, first
• 1:29:13
  of all, I'm 7 -0 in my fantasy football league.
• 1:29:18
  I had a feeling you were going to brag about
• 1:29:20
  that. Gronkowski is still going strong. I have
• 1:29:22
  Ryan Tannehill -Marco as my quarterback. He was
• 1:29:25
  18 for 19 last week. So I'm doing great, but
• 1:29:28
  we're not gambling. And I think this has become
• 1:29:31
  something that needs to be looked at in terms
• 1:29:33
  of regulation. Effectively, it's day trading
• 1:29:35
  without any regulation at all. And when you have
• 1:29:37
  insider information, which apparently has been
• 1:29:39
  the case, where people use that information,
• 1:29:42
  use big data to try to take advantage of it,
• 1:29:44
  there has to be some regulation. If they can't
• 1:29:46
  regulate themselves, then the NFL needs to look
• 1:29:49
  at this, you know, moving away from them a little
• 1:29:52
  bit, and there should be some regulation. I have
• 1:29:54
  no clue whether the federal government's the
• 1:29:56
  proper place. My instinct is to say hell no,
• 1:29:58
  just about everything about the federal government.
• 1:30:00
  Hold on a second. Carl, are we really talking
• 1:30:03
  about getting the government involved? in fantasy
• 1:30:08
  football we have wait a second we have 19 trillion
• 1:30:12
  dollars in debt we have people out of work we
• 1:30:15
  have Isis and al -qaeda attacking us and we're
• 1:30:17
  talking about fantasy football how about we get
• 1:30:28
  the government to do what they're supposed to
• 1:30:30
  be doing secure our borders, protect our people,
• 1:30:33
  and support American values and American families.
• 1:30:36
  Enough on fantasy football. Let people play.
• 1:30:38
  Who cares? Sharon, I want to go back, if I can,
• 1:30:42
  to the issue. I want to go back if I made it
• 1:30:44
  today. Governor Christie, you've said something
• 1:30:46
  that many in your party do not believe, which
• 1:30:49
  is that climate change is undeniable, that human
• 1:30:52
  activity contributes to it, and you said, quote,
• 1:30:55
  the question is, what do we do to deal with it?
• 1:30:57
  So what do we do? Well, first off, what we don't
• 1:31:00
  do, is do what Hillary Clinton and John Kerry
• 1:31:03
  and Barack Obama want us to do, which is their
• 1:31:06
  solution for everything. Put more taxes on it,
• 1:31:08
  give more money to Washington, D .C., and then
• 1:31:11
  they'll fix it. Well, there's no evidence that
• 1:31:13
  they can fix anything in Washington, D .C. What
• 1:31:15
  should we do? What we should do is to be investing
• 1:31:17
  in all types of energy, John. All types of energy.
• 1:31:20
  Being government? No, John. John, do you want
• 1:31:24
  me to answer or do you want to answer? I gotta
• 1:31:30
  tell you the truth, even in New Jersey what you're
• 1:31:33
  doing is called rude. We've got a national energy
• 1:31:40
  plan that says that we should invest in all types
• 1:31:42
  of energy. I'll tell you, you could win a bet
• 1:31:44
  at a bar tonight since we're talking about fantasy
• 1:31:45
  football. If you ask who the top three states
• 1:31:48
  in America are that produce solar energy, California
• 1:31:51
  and Arizona are easy, but number three is New
• 1:31:52
  Jersey. Why? Because we work with the private
• 1:31:55
  sector to make solar energy affordable and available
• 1:31:58
  to businesses and individuals in our state. We
• 1:32:01
  need to make sure that we do everything we can
• 1:32:03
  across all kinds of energy, natural gas. Oil?
• 1:32:06
  Absolutely. But also where it's affordable, solar,
• 1:32:09
  wind in Iowa has become very affordable and it
• 1:32:12
  makes sense. That's the way we deal with global
• 1:32:14
  warming, climate change, or any of those problems.
• 1:32:17
  Not through government invention, not through
• 1:32:19
  government taxes, and for God's sake, don't send
• 1:32:21
  Washington another dime until they stop wasting
• 1:32:23
  the money they're already sending there. Thank
• 1:32:25
  you, Governor. Thank you. Thank you. Senator
• 1:32:27
  Paul, among the leading conservative opponents
• 1:32:30
  to the creation of Medicare back in the 1960s
• 1:32:32
  was Ronald Reagan. He warned that it would lead
• 1:32:34
  to socialism. Considering the mounting costs
• 1:32:37
  of Medicare, was he right to oppose it? The question
• 1:32:41
  always is, what works better, the private marketplace
• 1:32:45
  or government? And what distributes goods better?
• 1:32:49
  It always seems to be the private marketplace
• 1:32:51
  does a better job. Is there an area for a safety
• 1:32:53
  net? Can you have Medicare or Social Security?
• 1:32:55
  Yeah, but you ought to acknowledge the government
• 1:32:57
  doesn't do a very good job at it. The main problem
• 1:33:00
  with Medicare right now is that the average person
• 1:33:03
  pays in taxes over their whole lifetime about
• 1:33:06
  $100 ,000. But the average person takes out about
• 1:33:09
  350 ,000. We have this enormous mismatch because
• 1:33:13
  we have smaller and smaller families. When people
• 1:33:16
  ask me, whose fault is it? Whose fault is it
• 1:33:19
  that Medicare's broken out of money, that Social
• 1:33:22
  Security's broken out of money? And I say, look,
• 1:33:24
  it's not Republicans' fault. It's not Democrats'
• 1:33:26
  fault. It's your grandparents' fault for having
• 1:33:28
  too many damn kids. After the war, we had all
• 1:33:32
  these kids, baby boomers. Now we're having smaller
• 1:33:35
  families. We used to have 16 workers for one
• 1:33:37
  retiree. Now you have three workers for one retiree.
• 1:33:40
  It's not working. I have a bill to fix Medicare.
• 1:33:42
  I have a bill to fix Social Security. For both
• 1:33:45
  of them, you have to gradually raise the age.
• 1:33:47
  If you're not willing to do that, nobody wants
• 1:33:49
  to do it. But if you're not willing to gradually
• 1:33:51
  raise the age, you're not serious about fixing
• 1:33:53
  either one of them. Senator, thank you. Becky,
• 1:33:55
  may I speak to the Medicare issue? We're going
• 1:33:57
  to take a break. We want to save time for closing
• 1:33:58
  statements after the break. presidential debate
• 1:34:02
  in Boulder and we'll be right back you wanted
• 1:34:12
  to respond to the points that Senator Rand Paul
• 1:34:16
  was just making when it comes to Social Security
• 1:34:18
  your time sir well and specifically to Medicare
• 1:34:20
  Becky because 85 % of the cost of Medicare is
• 1:34:23
  chronic disease the fact is if we don't address
• 1:34:26
  what's costing so much We can't throw enough
• 1:34:30
  money at this. And it's why I've continued to
• 1:34:32
  focus on the fact that we need to declare war
• 1:34:34
  on the four big cost drivers. Because 80 % of
• 1:34:38
  all medical costs in this country are chronic
• 1:34:40
  disease. We don't have a health care crisis in
• 1:34:42
  America. We have a health crisis. And until we
• 1:34:44
  deal with the health of Americans and do what
• 1:34:47
  we did with polio when I was a little kid, we
• 1:34:49
  eradicated it. You know how much money we spent
• 1:34:51
  on polio last year in America? We didn't spend
• 1:34:54
  any. We've saved billions of dollars. You want
• 1:34:56
  to fix Medicare? Focus on the diseases that are
• 1:35:00
  costing us the trillions of dollars, Alzheimer's,
• 1:35:03
  diabetes, heart disease, and cancer. Eradicate
• 1:35:06
  those, and you fixed Medicare, and you fixed
• 1:35:09
  America, its economy, and you've made people's
• 1:35:12
  lives a heck of a lot better. Becky. Thank you,
• 1:35:15
  Governor. The Governor is absolutely right, but
• 1:35:16
  we also need to reform Medicare and Social Security.
• 1:35:19
  We can't just allow it to... continue in its
• 1:35:22
  current pathway that Hillary Clinton wants to
• 1:35:24
  do, because there'll be major reductions in benefits
• 1:35:26
  in the next decade if we do nothing. I have a
• 1:35:29
  concrete plan to do just that, which allows people
• 1:35:31
  to keep HSAs to encourage savings. It allows
• 1:35:36
  for people that are retiring with Social Security
• 1:35:38
  to be able to get a minimum of 125 % of the poverty
• 1:35:42
  level, so that there is a baseline that in this
• 1:35:44
  generous country of ours, no one goes below.
• 1:35:48
  Governor Bush, Mr. Trump says that he is capable
• 1:35:52
  of growing the economy so much. that Social Security
• 1:35:56
  and Medicare don't have to be touched. Do you
• 1:35:58
  want to explain how that's going to happen, Mr.
• 1:36:00
  Trump? Yes, it's very simple. We're going to
• 1:36:02
  make a really dynamic economy from what we have
• 1:36:05
  right now, which is not at all dynamic. We're
• 1:36:08
  going to bring jobs back from Japan. We're going
• 1:36:10
  to bring jobs back from China. We're going to
• 1:36:12
  bring, frankly, jobs back from Mexico, where,
• 1:36:15
  as you probably saw, Nabisco is leaving Chicago
• 1:36:18
  with one of their biggest plants, and they're
• 1:36:21
  moving it to Mexico. We're going to bring jobs
• 1:36:23
  and... manufacturing back. We're going to cut
• 1:36:26
  costs. We're going to save Social Security, and
• 1:36:30
  we're going to save Medicare. Governor, you just
• 1:36:32
  heard him. You have to reform Social Security,
• 1:36:35
  and the simple way to do it is to make sure that
• 1:36:37
  the wealthiest don't receive the same benefits
• 1:36:39
  as people that are lower income, and make sure
• 1:36:42
  that you enhance savings in the private market.
• 1:36:44
  The idea of 401Ks, I have a small business that
• 1:36:47
  I set up. It took an arm and a leg to be able
• 1:36:50
  to set up a 401K. Because of all the federal
• 1:36:52
  mandates and federal laws, laws, it was too expensive.
• 1:36:55
  We need to incent private savings and make sure
• 1:36:57
  that Social Security is protected for those that
• 1:36:59
  have it. But the idea that you can't, they're
• 1:37:01
  just going to grow your way out of this. I have
• 1:37:03
  a plan to grow the economy at 4%, but you're
• 1:37:05
  going to have to make adjustments for both Medicare
• 1:37:07
  and Social Security. program to control, and
• 1:37:13
  we took it from a 10 % growth rate to 2 .5 %
• 1:37:16
  without taking one person off the rolls or cutting
• 1:37:19
  one single benefit. And so much of what we did
• 1:37:22
  to force competition, to use technology, to stand
• 1:37:26
  down the special interest groups. Can you imagine
• 1:37:29
  taking Medicaid from 10 % to 2 .5 %? We can take
• 1:37:33
  many of those same procedures. We can apply it
• 1:37:35
  to Medicare. We can make a stronger program.
• 1:37:38
  But I agree with Jeb. You can't just do this
• 1:37:41
  by growing the economy. You can't grow your way
• 1:37:43
  out of demographics. But we can give people better
• 1:37:46
  health care. And finally, on health care, why
• 1:37:48
  don't we start giving incentives for people to
• 1:37:51
  keep people healthy rather than giving the incentives
• 1:37:54
  to treat them when they're sick? Governor, thank
• 1:37:56
  you. Senator Paul, let's go back to you. Do these
• 1:37:58
  solutions sound like they work? Say again? Do
• 1:38:01
  these solutions sound like they would work? You
• 1:38:04
  can't do nothing, and that's what I hear from
• 1:38:06
  some people. Oh, we do nothing and it'll just
• 1:38:08
  be fixed. That's absurd. And I think people who
• 1:38:10
  don't want to fix it really are unwilling to
• 1:38:13
  take the chance to say something has to change
• 1:38:15
  or missing the boat here. The age will have to
• 1:38:18
  gradually rise. There is no question. It's the
• 1:38:20
  only way you fix Medicare, the only way you fix
• 1:38:22
  Social Security. You will also have to means
• 1:38:24
  test the benefits and declare there's not enough
• 1:38:27
  money. It isn't, oh, I put money in, I'm getting
• 1:38:29
  it back. There is no money. It's a stack of paper.
• 1:38:33
  There is no money in the Social Security account.
• 1:38:35
  There is no money in the Medicare account. There's
• 1:38:37
  only a promise to pay by the next generation,
• 1:38:40
  and the next generation is not big enough to
• 1:38:42
  pay it. Thank you, Senator. Dr. Carson, I want
• 1:38:45
  to ask you a question about that. Hold on, Governor.
• 1:38:48
  I've got a question for Dr. Carson. About Medicare?
• 1:38:51
  Yes. You've said that you would like to replace
• 1:38:54
  Medicare with a system of individual family savings
• 1:38:58
  accounts so that families could cover their own
• 1:39:01
  expenses. Obviously, that would be a very controversial
• 1:39:05
  idea. Explain how that would work exactly. Well,
• 1:39:08
  first of all, the plan gives people the option
• 1:39:12
  of opting out, but I think they will see a very
• 1:39:15
  good option here. You know, the annual Medicare
• 1:39:18
  budget is over $600 billion, and there are 48
• 1:39:24
  million people involved, 40 million, 65 and over,
• 1:39:27
  and 8 million other. Divide that out. That comes
• 1:39:30
  out to $12 ,500 for each one. Now, I can tell
• 1:39:35
  you there are a lot of private sector things
• 1:39:38
  that you could do with $12 ,500, which will get
• 1:39:41
  you a lot more. than you get from this government
• 1:39:44
  program. And that's really a theme of a lot of
• 1:39:47
  the things that I'm talking about. How do we
• 1:39:49
  utilize our intellect rather than allowing the
• 1:39:52
  government to use its, quote, intellect in order
• 1:39:56
  to help us to be able to live healthier and better
• 1:39:59
  lives? It was never intended that the government
• 1:40:02
  should be in every aspect of our lives. This
• 1:40:04
  is a country that is up for and by the people.
• 1:40:07
  Thank you, Dr. Carson. Governor? And I, you know,
• 1:40:10
  Ben is absolutely right in saying that what we
• 1:40:13
  don't need to do is to send more money to Washington,
• 1:40:16
  D .C. to fix this problem. And that's what you'll
• 1:40:19
  hear from Hillary Clinton, and I've already heard
• 1:40:20
  from her, is that send more money in Social Security,
• 1:40:23
  send more money in Medicare taxes, send more
• 1:40:25
  money for Medicaid, and that's going to solve
• 1:40:27
  the problem. What we know is we're living longer.
• 1:40:30
  That's a blessing. It's a blessing that we're
• 1:40:32
  living longer, so we have to increase the retirement
• 1:40:34
  age to reflect that blessing. We need to make
• 1:40:36
  sure that people understand, as Jeb said before,
• 1:40:38
  that if you've done extraordinarily well in this
• 1:40:40
  country, do you want them to take more out of
• 1:40:42
  your taxes now and think they're going to give
• 1:40:44
  it back to you later, or would you rather take
• 1:40:45
  less later on? Governor, do you also think that
• 1:40:48
  Dr. Carson's right that we can replace Medicare
• 1:40:51
  with individual savings accounts? No, what I
• 1:40:53
  said was that I think that Dr. Carson's ideas
• 1:40:55
  are good ideas. They're not my ideas, and I don't
• 1:40:58
  necessarily agree with all of them, but this
• 1:41:00
  is what you're saying. seeing in the Republican
• 1:41:01
  debate that you didn't see in that Democrat debate.
• 1:41:04
  You didn't see it for a minute. You didn't see
• 1:41:06
  these kind of ideas being batted around and being
• 1:41:08
  batted around in a way that's civil and smart.
• 1:41:11
  and is trying to help to inform the voter out
• 1:41:13
  there. What you saw was a parade of, I'll give
• 1:41:16
  you this for free, I'll give you that for free.
• 1:41:18
  Let me tell you, everybody, when they say they
• 1:41:20
  want to give it to you for free, keep your hand
• 1:41:21
  on your wallet, because they're coming to you
• 1:41:23
  to pay for it. And that's why I think these ideas
• 1:41:25
  up here are great, and that's what we should
• 1:41:27
  have, to have more discussions like this and
• 1:41:29
  less gotchas. I want to give you 30 seconds here.
• 1:41:32
  I want to take off from that point and argue
• 1:41:34
  the same thing, and that is that one of the things
• 1:41:35
  you're watching tonight are 11 quality candidates
• 1:41:38
  debating an important issue. party's blessed
• 1:41:40
  to have 11 good candidates that there are 10
• 1:41:42
  good candidates the democrats can't even come
• 1:41:44
  up with one and on this issue of medicare in
• 1:41:46
  particular it's important because they're going
• 1:41:48
  to demagogue what we're saying here tonight everyone
• 1:41:50
  up here tonight that's talking about reforms
• 1:41:52
  i think and i know for myself i speak for this
• 1:41:54
  we're all talking about reforms for future generations
• 1:41:57
  nothing has to change for current beneficiaries
• 1:41:59
  my mother's on medicare and social security i'm
• 1:42:02
  against anything that's bad for my mother So
• 1:42:04
  we're talking about we're talking about reforms
• 1:42:07
  for people like me and people like Senator Cruz
• 1:42:09
  as he talked about earlier who are years away
• 1:42:11
  from retirement that have a way to plan for these
• 1:42:13
  changes in a way that's very reasonable and it's
• 1:42:16
  not too much to ask of our generation after everything
• 1:42:18
  our parents and our grandparents did for us John
• 1:42:20
  a lot of people have jumped in here. I'd like
• 1:42:23
  to jump in a lot of people have jumped in here
• 1:42:25
  We're right at the end of our time. You all wanted
• 1:42:27
  us to limit this All right, go ahead. I would
• 1:42:31
  just say this. I would just say this. There are
• 1:42:33
  a lot of great ideas up here. And I agree with
• 1:42:36
  what Senator Rubio said. Every election we talk
• 1:42:38
  about this. Every election, we talk about Medicare
• 1:42:42
  and Social Security reform. It never happens.
• 1:42:44
  I would like to start with a basic. Let us actually
• 1:42:47
  go to zero -based budgeting so we know where
• 1:42:51
  the money is being spent. It's kind of basic.
• 1:42:53
  There's a bill sitting in the House that would
• 1:42:56
  actually pass and have us go to zero -based budgeting
• 1:42:59
  so we know where every dime of your money is
• 1:43:01
  being spent instead of only talking about how
• 1:43:04
  much more we're going to spend year after year
• 1:43:06
  after year. My point is this. While there are
• 1:43:08
  lots of good ideas, ideas for reform. We have
• 1:43:11
  never tackled the basics. And we finally need
• 1:43:14
  to tackle the basics to cut this government down
• 1:43:17
  to size and hold it accountable. So let's start
• 1:43:20
  by knowing where your money is being spent by
• 1:43:23
  this federal government. We have now reached
• 1:43:25
  the point of the program where candidates are
• 1:43:27
  going to give their closing statements, 30 seconds
• 1:43:29
  apiece. We're going to go right to left. We'll
• 1:43:31
  start with you, Senator Paul. Liberty thrives
• 1:43:34
  when government is small. I want a government
• 1:43:36
  so small I can barely see it. I want a government
• 1:43:39
  so small that the individual has a chance to
• 1:43:42
  thrive and prosper. I think, though, government's
• 1:43:44
  too big now. What you're going to see in Washington
• 1:43:47
  this week is establishment Republicans have made
• 1:43:49
  an agreement with the president to raise the
• 1:43:52
  debt ceiling in an unlimited fashion. No limit
• 1:43:55
  to the debt ceiling raise. This is extraordinary.
• 1:43:58
  It's extraordinarily wrong. You'll see me on
• 1:44:01
  the floor of the Senate tomorrow filibustering
• 1:44:02
  this and saying, enough's enough. No more debt.
• 1:44:06
  Governor Christie. I want to talk to the folks
• 1:44:08
  at home. I want to ask you, are you fed up with
• 1:44:11
  how Washington taxes you? Are you fed up with
• 1:44:13
  how Washington wastes your money? Are you concerned
• 1:44:16
  like I am that the debt and deficits of Washington,
• 1:44:19
  D .C. are endangering America's future? I got
• 1:44:22
  one more question for you then. Are you serious
• 1:44:24
  about this election? Because if you are, you
• 1:44:27
  need to elect someone who's deadly serious about
• 1:44:29
  changing this culture. I am deadly serious about
• 1:44:33
  changing this culture. I changed it in New Jersey.
• 1:44:36
  I'm deadly serious about doing this job the right
• 1:44:38
  way. I'm prepared. I'm tested. I'm ready. And
• 1:44:41
  I want to make this our government. For the people
• 1:44:44
  who say we can't do it, I say, hell no. We can
• 1:44:46
  do it together. Thank you, Governor. Senator
• 1:44:48
  Cruz. You know, everyone here talks about the
• 1:44:51
  need to take on Washington. The natural next
• 1:44:53
  question is who actually has done so. Who actually
• 1:44:57
  has stood up, not just to Democrats, but to leaders
• 1:45:00
  in our own party. When millions of Americans
• 1:45:02
  rose up against Obamacare, I was proud to lead
• 1:45:05
  that fight. When millions of Americans rose up
• 1:45:07
  against amnesty, I was proud to lead that fight.
• 1:45:10
  When millions of Americans rose up against Planned
• 1:45:13
  Parenthood, I was proud to lead that fight. If
• 1:45:17
  people are promising they're going to take on
• 1:45:18
  Washington and cronyism, you need to look to
• 1:45:21
  who has been doing it. In my family, my dad fled
• 1:45:25
  oppression in Cuba to come to America. Freedom
• 1:45:28
  is personal for me, and I will always keep my
• 1:45:30
  word and fight for freedom. Thank you, Senator.
• 1:45:32
  Ms. Therrien. You know, every election, we hear
• 1:45:36
  a lot of talk, we hear a lot of good plans, we
• 1:45:39
  hear actually a lot of good intentions. But somehow,
• 1:45:41
  for decades, nothing really has changed. What
• 1:45:45
  we need now is a proven leader who has produced
• 1:45:48
  results. That's how you go from secretary to
• 1:45:51
  CEO. You lead and you produce results. I will
• 1:45:54
  cut this government down to size and hold it
• 1:45:56
  accountable, simplify the tax code, roll back
• 1:45:59
  the regulations that have been spewing out of
• 1:46:01
  Washington, D .C. for 50 years. I may not be
• 1:46:04
  your dream candidate just yet, but I can assure
• 1:46:07
  you I'm Hillary Clinton's worst nightmare. And
• 1:46:10
  in your heart of hearts, you cannot wait to see
• 1:46:12
  a debate between Hillary Clinton and Carly Fiorina.
• 1:46:15
  I will tell you this. I will beat Hillary Clinton.
• 1:46:18
  And with your votes and your support and your
• 1:46:21
  prayers, I will lead with the citizens of this
• 1:46:24
  great nation, the resurgence of this great nation.
• 1:46:27
  Thank you, Mrs. Fiorina. Dr. Carson. I just want
• 1:46:30
  to thank all my colleagues here for being civil,
• 1:46:34
  not falling for the traps. And I just also want
• 1:46:38
  to thank the audience for being attentive and
• 1:46:40
  noticing the questions and noticing the answers.
• 1:46:44
  And this is what I'm finding throughout America.
• 1:46:47
  People are waking up because it is going to be
• 1:46:49
  us who will determine the direction of our country.
• 1:46:53
  And it was made for we the people. We are the
• 1:46:56
  ones who decide who we are. And we should never
• 1:46:59
  give away the values and principles that made
• 1:47:01
  America into a great nation for the sake of political
• 1:47:04
  correctness. Mr. Trump, our country doesn't win
• 1:47:10
  anymore. We used to win. We don't win anymore.
• 1:47:14
  We lose on trade. We lose with ISIS. We lose
• 1:47:17
  with one of the worst deals I've ever seen negotiated
• 1:47:21
  of any kind. That's our recent catastrophe with
• 1:47:25
  Iran. We don't win. Let me give you one quick
• 1:47:29
  example. These folks, CNBC, they had it down
• 1:47:32
  at three, three and a half hours. I just read
• 1:47:35
  today in the New York Times, $250 ,000 for a
• 1:47:39
  30 -second ad. I went out and said, it's ridiculous.
• 1:47:42
  I could stand up here all night. Nobody wants
• 1:47:45
  to watch three and a half or three hours. It
• 1:47:48
  was a big sacrifice, and I have to hand it to
• 1:47:50
  Ben. We called Ben. He was with me 100%. We called
• 1:47:54
  in. We said, that's it. We're not doing it. They
• 1:47:57
  lost a lot of money. Everybody said it couldn't
• 1:47:59
  be done. Everybody said it was going to be three
• 1:48:01
  hours, three and a half, including them. And
• 1:48:03
  in about two minutes, I renegotiated it down
• 1:48:06
  to two hours so we can get the hell out of here.
• 1:48:08
  Not bad. Not bad. with the country we will make
• 1:48:13
  we will make america great again and thank you
• 1:48:16
  everybody just for the record just for the record
• 1:48:19
  the debate was always going to be two hours senator
• 1:48:21
  ruby that's not right absolutely not right you
• 1:48:25
  know that that is not right thank you you know
• 1:48:28
  america doesn't owe me anything i have a debt
• 1:48:30
  to america i'll never repay this isn't just the
• 1:48:33
  country i was born in this is the nation that
• 1:48:35
  literally changed the history of my family My
• 1:48:38
  parents in this country were able to give me
• 1:48:39
  the chance to do all the things they never did.
• 1:48:41
  We call that the American dream, although it's
• 1:48:43
  built on the universal dream of a better life.
• 1:48:46
  The fact that it's happened for so many people
• 1:48:48
  here throughout our history, that's what makes
• 1:48:50
  us special. But now for millions of Americans,
• 1:48:52
  it's slipping away. And we have a government
• 1:48:54
  and leaders in government that are completely
• 1:48:56
  out of touch, and that's why I'm running for
• 1:48:57
  president. Because we can't just save the American
• 1:49:00
  dream, we can expand it to reach more people
• 1:49:02
  and change more lives than ever before. And that's
• 1:49:04
  why tonight I'm asking you for your vote. Thank
• 1:49:06
  you, Senator. Governor Bush. America's at a crossroads.
• 1:49:09
  The D .C. politicians continue to make things
• 1:49:11
  worse. I have a proven record of success, 32
• 1:49:14
  years in business and eight years as governor
• 1:49:17
  of the state of Florida. I will change the culture
• 1:49:20
  in Washington just as I changed the culture in
• 1:49:23
  Tallahassee. And I will do so in a way that will
• 1:49:26
  bring people together. We need a unifier, not
• 1:49:29
  a cynical divider -in -chief, and that's exactly
• 1:49:31
  what I will do. Imagine a country where people
• 1:49:34
  are lifted out of poverty again. Imagine a country
• 1:49:36
  where the middle class can get rising income
• 1:49:38
  again. I know we can do this because we're still
• 1:49:41
  the most extraordinary country on the face of
• 1:49:43
  the earth. Thank you. Thank you, Governor. Governor
• 1:49:45
  Huckabee. You know, I know, too, a lot of people
• 1:49:48
  in the media, this is just a great big game and
• 1:49:50
  we're the players. And we come out here and we
• 1:49:52
  do our thing. And sometimes we're held up in
• 1:49:55
  contempt by people who write columns. But I guarantee
• 1:49:58
  to every person on this stage, there's something
• 1:50:01
  deep inside of us that would cause us to give
• 1:50:03
  up our livelihoods and step out on this stage
• 1:50:06
  and fight for the people of America. I've got
• 1:50:09
  five grandkids. I do not want to walk my five
• 1:50:14
  grandkids through the charred remains of a once
• 1:50:17
  great country called America and say, here you
• 1:50:19
  go, $20 trillion of debt. Good luck making something
• 1:50:23
  out of this mess. And for those of us who are
• 1:50:26
  serious enough to run for president, think long
• 1:50:29
  and hard why we're here. And hopefully you'll
• 1:50:33
  know we're not here for ourselves. We, honest
• 1:50:36
  to God, are here to get this country back on
• 1:50:39
  track. I know this. I certainly am. Thank you.
• 1:50:43
  Thank you. Governor Kasich. I was on Morning
• 1:50:46
  Joe at a town hall and a young student stood
• 1:50:48
  up and said, can I still be idealistic? I said,
• 1:50:52
  absolutely, you can still change the world. And
• 1:50:54
  you know the old inscription, if you save one
• 1:50:56
  life, you've changed the world. Folks, we have
• 1:51:00
  a problem here with the leadership in Washington,
• 1:51:02
  but I'll tell you another problem. We need to
• 1:51:05
  rebuild our families. We need to have stronger
• 1:51:07
  families. We need to know who our neighbors are.
• 1:51:10
  We need to come together as a country because
• 1:51:12
  we have to realize that America is great, not
• 1:51:15
  from the top down. Oh yeah, we want to elect
• 1:51:18
  a good president, but America is great from the
• 1:51:20
  bottom up. And the bottom up is us, in our families,
• 1:51:24
  in our communities, in our neighborhoods. We
• 1:51:27
  will renew America if we work together, and I
• 1:51:30
  am totally confident that we will. And God bless
• 1:51:33
  America. Thank you, Governor. That concludes
• 1:51:37
  tonight's debate. On behalf of my colleagues,
• 1:51:39
  Becky Quick, John Harwood, Sharon Epperson, Rick
• 1:51:42
  Santelli, and Jim Cramer, we'd like to thank
• 1:51:44
  our hosts, the University of Colorado at Boulder.
• 1:51:47
  the Republican National Committee, the candidates,
• 1:51:50
  and of course tonight's audience. CNBC's Kelly
• 1:51:53
  Evans and Joe Kernan pick up our continuing coverage.