ROMNEY: When you came to office, just over $10 trillion in debt--now $16 trillion in debt. It hasn't worked.
STEIN: Let's look at where that money is going. We are spending trillions every year not only on the bloated military budget, but on the wars for oil as part of that, as well as the bailouts for Wall Street and tax breaks for the very wealthy. And unfortunately, we don't see either of these candidates really changing any of those really serious problems. Right now, the Federal Reserve is again bailing out Wall Street, effectively for the fourth time. This is the third quantitative easing on top of the TARP program, which was $700 billion. But that $700 billion under George Bush has become many, many trillions under Barack Obama. So these bailouts continue, and now we're doing a quantitative easing to the tune of $40 billion every month.
STEIN: Instead of fighting wars for oil, America will be leading the fight to put an end to climate change. In Afghanistan and Iraq, we have spent about $5 trillion. We have seen thousands and thousands of American lives lost, hundreds of thousands of civilian lives lost, about a trillion dollars a year being spent on a massive, bloated military-industrial-security budget. Instead, we need to cut that military budget, rightsize it to year 2000 levels, and build true security here at home, bringing our war dollars home.
ROMNEY: I think the tension that existed between Israel and the United States was very unfortunate.
STEIN: We're seeing the candidates very similar to each other. They're both vowing their obedience to the right-wing government in Israel. And they are both saying that they will stop at nothing, but that war will be the last result. So, once again, we're seeing shades of gray here between the Democratic and Republican candidates, but we're not seeing what the American people really need and what international security really needs. And in fact, I should add that this slave-like mentality towards Israel is absolutely unjustified. We need to start raising the bar for Israel and holding them to an equal standard for supporting human rights and international law and ending occupations and illegal settlements and apartheid.
STEIN: We are squandering trillions of dollars over the coming decade on a massive, wasteful health insurance, private health insurance bureaucracy. By moving to a single-payer, Medicare-for-all system, we get a system that people love and want to defend from government tampering, and that system covers everyone comprehensively, puts you back in charge of your healthcare, and, in addition, it actually saves us trillions over the coming decade, equivalent to that austerity plan that they were talking about. What we have right now is 30% of every healthcare dollar is being spent on bureaucracy, red tape and paper pushing. Under Medicare, that 30% shrinks down to 2% to 3%. That's enough to cover everybody. And we deserve that.
ROMNEY: The greatest threat of all is Iran, four years closer to a nuclear weapon. There's no question but that a nuclear-capable Iran is unacceptable to America. And of course, a military action is the last resort.
STEIN: They're both saber-rattling about Iran. We're not seeing what the American people really need and what international security really needs. In fact, Iran recently hosted the non-aligned nations. It's not just Iran. It was all the non-aligned nations with them--Brazil and Argentina and many others--that together put forward a proposal for eliminating nuclear weapons throughout the Middle East and, in fact, eliminating nuclear weapons throughout the world. That is the true solution that we should be getting behind.
OBAMA: The sequester is not something that I proposed. It's something that Congress has proposed. It will not happen. The budget that we're talking about is not reducing our military spending; it's maintaining it.
STEIN: I think they both made the case for us, that the numbers just don't add up. We cannot continue spending a trillion dollars a year on this bloated military-industrial-security complex without having to really pay the price here at home. These are the ways that we should be spending our tax dollars, not on the military, but on what we need here at home. And by conserving those dollars instead of squandering them, we can actually spend them on the things that we need, on bailing out the students and on creating public higher education, which is free, tuition-free, the way that it should be.
STEIN: It's very clear that there is blowback going on now across the Middle East, not only the unrest directed at the Libyan embassy. 75% of Pakistanis actually identify the US now as their enemy, not as their supporter or their ally. And, you know, in many ways, we're seeing a very ill-conceived, irresponsible and immoral war policy come back to haunt us, where US foreign policies have been based, unfortunately, on brute military force and wars for oil. Under my administration, we will have a foreign policy based on international law and human rights and the use of diplomacy.
ROMNEY: The right course is to identify responsible parties within Syria, organize them, bring them together, and then make sure they have the arms necessary to defend themselves.
STEIN: It's as if there's collective amnesia here, as if we didn't just go through a decade, $5 trillion and thousands of U.S. soldiers whose lives have been sacrificed, and far more civilians whose lives have been lost, in an attempted military resolution in Iraq and in Afghanistan. So with a far smaller commitment, how in the world are they thinking that a lesser degree of military intervention is going to solve the problem? This is a failed policy from its very conception. With arms flowing in to both sides in Syria, you have really a catastrophe in the making. We need to stop the flow of the arms.
The above quotations are from Third Obama-Romney 2012 Presidential debate (in Boca Raton, Florida).
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