SCHIEFFER: But you're going to have to cut some of these programs, certainly. OBAMA: Absolutely. So let me get to that. What I want to emphasize, though, is that I have been a strong proponent of pay-as- you-go. Every dollar that I've proposed, I've proposed an additional cut so that it matches. OBAMA: And some of the cuts, just to give you an example, we spend $15 billion a year on subsidies to insurance companies. It doesn't -- under the Medicare plan -- it doesn't help seniors get any better. It's not improving our health care system. It's just a giveaway.
It's obvious that obama doesn't believe in the captial system. So, let's see how much more the liberals will be able to destroy it with extreme socialist measures. He wants to put you in his health care plan. Oh, guess who pays for that one. 100% funded by taxpayers.