Hillary Clinton in CBS 2015 Democratic primary debate

On Budget & Economy: Go after shadow banking industry, like Lehman Brothers

Q [to Clinton]: Senator Sanders recently said, "People should be suspect of candidates who receive large sums of money from Wall Street and then go out and say 'Trust me. I'm going to really regulate Wall Street'. You've received millions of dollars in contributions and speaking fees from Wall Street companies.

CLINTON: You can look at what I did in the Senate. I did introduce legislation to rein in compensation. I've laid out a very aggressive plan to rein in Wall Street--not just the big banks. That's a part of the problem and I am going right at them. I have a comprehensive, tough plan. But I went further than that. We have to go after what is called the shadow banking industry. Those hedge funds. Look at what happened in '08, AIG, a big insurance company, Lehman Brothers, an investment bank helped to bring our economy down. So, I want to look at the whole problem and that's why my proposal is much more comprehensive than anything else that's been put forth.

Source: 2015 CBS Democratic primary debate in Iowa Nov 14, 2015

On Corporations: AIG & Lehman were not big banks; we needed to bail them out

O'MALLEY: Our economy was wrecked by the big banks of Wall Street. And Secretary Clinton, when you put out your proposal on Wall Street, it was greeted by many as "Weak tea". It is weak tea. It is not what the people expect of our country. We expect that our president will protect the main street economy from excesses on Wall Street. And that's why Bernie's right. We need to reinstate a modern version of Glass-Steagall and we should have done it already.

CLINTON: For me, it is looking at what works and what we need to do to try to move past what happened in '08. And AIG was not a big bank. It had to be bailed out and it nearly destroyed us. Lehman Brothers was not a big bank. It was an investment bank. And its bankruptcy and its failure nearly destroyed us. So I've said, if the big banks don't play by the rules, I will break them up. And I will also go after executives who are responsible for the decisions that have such bad consequences for our country.

Source: 2015 CBS Democratic primary debate in Iowa Nov 14, 2015

On Education: Make community college free, but not free college for all

Q: Senator Sanders wants to make public college free altogether. Do you two?

Gov. O'MALLEY: I believe that the goal should be debt-free college. I believe that our Federal Government needs to do more on Pell grants. We should lower these outrageous interest rates that parents and kids are being charged by their own government.

CLINTON: I believe that we should make community college free. We should have debt-free college if you go to a public college or university. You should not have to borrow a dime to pay tuition. I want to use Pell grants to help defray the living expenses that often make a difference, whether a young person can stay in school or not. I disagree with free college for everybody. I don't think taxpayers should be paying to send Donald Trump's kids to college. I think it ought to be a compact: families contribute, kids contribute. And together we make it possible for a new generation of young people to refinance their debt and not come out with debt in the future.

Source: 2015 CBS Democratic primary debate in Iowa Nov 14, 2015

On Foreign Policy: We spend a lot on development aid, even in war zones

Gov. O'MALLEY: We are not so very good at anticipating threats and appreciating just how difficult it is to build up stable democracies, to make the investments and sustainable development that we must as a nation if we are to attack the root causes of these sorts of instability.

CLINTON: Well, I think it's perfectly fair to say that we invested quite a bit in development aid. Some of the bravest people that I had the privilege of working with as secretary of state were our development professionals who went sometimes alone, sometimes with our military, into very dangerous places in Iraq, in Afghanistan, elsewhere. So, there does need to be a whole of government approach, but just because we're involved and we have a strategy doesn't mean we're going to be able to dictate the outcome. These are often very long- term kinds of investments that have to be made.

Source: 2015 CBS Democratic primary debate in Iowa Nov 14, 2015

On Foreign Policy: We should accept 65,000 Syrian refugees, vetted and screened

Q [to Gov. O'Malley]: How many Syrian refugees should the US take in?

O'MALLEY: I was the first person on this stage to say that we should accept the 65,000 Syrian refugees that were fleeing the sort of murder of ISIL, and I believe that that needs to be done with proper screening.

Q: Secretary Clinton, how do you propose we screen those coming in to keep citizens safe?

CLINTON: I think that is the number one requirement. I also said that we should take increased numbers of refugees. The administration originally said 10. I said we should go to 65, but only if we have as careful a screening and vetting process as we can imagine, whatever resources it takes because I do not want us to, in any way, inadvertently allow people who wish us harm to come into our country.

Source: 2015 CBS Democratic primary debate on Syrian Refugees Nov 14, 2015

On Government Reform: Wall Street donates to me because I rebuilt them after 9/11

SANDERS: I have never heard a candidate never, who has received huge amounts of money from Wall Street, say, "oh, these campaign contributions will not influence me." Why do they make campaign contributions? They expect to get something!

CLINTON: I represented New York on 9/11 when we were attacked. We were attacked in downtown Manhattan where Wall Street is. I did spend a whole lot of time and effort helping them rebuild. That was good for the economy and it was a way to rebuke the terrorists who had attacked our country.

Q [after break]: A viewer tweeted, "I've never seen a candidate invoke 9/11 to justify millions of Wall Street donations until now." Yes, you were a champion of the community after 9/11, but what does that have to do with taking donations?

CLINTON: I worked closely with New Yorkers after 9/11 for my entire first term to rebuild. So, I've had a lot of folks give me donations who say, "I don't agree with you on everything, but I like what you do. I like how you stand up."

Source: 2015 CBS Democratic primary debate in Iowa Nov 14, 2015

On Government Reform: GOP is trying to suppress voter registration

Sen. SANDERS: We are going to do a political revolution, which brings working people, young people, senior citizens, minorities together.

CLINTON: Look, we need more Americans to be involved in the political process. And I give Senator Sanders a lot of credit for really lighting a fire under many people--young, old, everybody--who sees a chance to be involved and have their voice heard. Look at what's happening with the Republicans. They are doing everything they can to prevent the voices of Americans to be heard. They're trying to prevent people from registering to vote. So, we do need to take on the Republicans very clearly and directly. But the other thing I just wanted quickly to say is, I think President Obama deserves more credit than he gets for what he got done in Washington, despite the Republican obstructionists.

Source: 2015 CBS Democratic primary debate in Iowa Nov 14, 2015

On Gun Control: Reverse gun manufacturer immunity; let them get sued

Q: You say that Senator Sanders took a vote on immunity that you don't like. So if he can be tattooed by a single vote and that ruins all future opinions by him on this issue, why then isn't he right when he says your wrong vote on Iraq tattoos you forever in your judgment?

CLINTON: I said I made a mistake on Iraq, and I would love to see Senator Sanders join with some of my Senate colleagues in addition the Senate that I see in the audience. Let's reverse the immunity. Let's put the gun makers and sellers on notice that they're not going to get away with it.

SANDERS: Let's do more than reverse the immunity.

Q: Was that a mistake, Senator?

SANDERS: Let me hear if there's any difference between the Secretary and myself. I don't know that there's any disagreement here.

Source: 2015 CBS Democratic primary debate in Iowa Nov 14, 2015

On Homeland Security: Adversaries of the future: terrorists as well as drone subs

Sen. SANDERS: We're spending over $600 billion a year on the military and yet, significantly less than 10% of that money is used to be fighting international terrorism.

Gov. O'MALLEY: This is a new era of conflict where traditional ways of huge standing armies do not serve our purposes as well as special ops, better intelligence and being more proactive.

Secretary CLINTON: We do have to take a hard look at the defense budget and we do have to figure out how we get ready to fight the adversaries of the future, not the past. But we have to also be very clear that we do have some continuing challenges. We've got challenges in the South China Sea because of what China is doing in building up military installations. We have problems with Russia: they allowed a TV camera to see the plans for a drone submarine that could carry a tactical nuclear weapon. So we've got to look at the full range and then come to some smart decisions about having more streamlined and focused approach.

Source: 2015 CBS Democratic primary debate in Iowa Nov 14, 2015

On Immigration: Net immigration from Mexico has fallen to zero

Q: Republicans say securing borders is a top priority, before comprehensive reform.

Gov. O'MALLEY: We've actually been focusing on border security to the exclusion of talking about comprehensive immigration reform. The truth of the matter is, net immigration from Mexico last year was zero. Fact check me. Go ahead. Check it out. But the truth of the matter is, if we want wages to go up, we've got to get 11 million of our neighbors out of off the book shadow economy, and into the full light of an American economy.

CLINTON: I think all of us on this stage agree that we need comprehensive immigration reform with a path to citizenship. Border security has always been a part of that debate. And it is a fact that the net immigration from Mexico and South has basically zeroed out.

Source: 2015 CBS Democratic primary debate in Iowa Nov 14, 2015

On Jobs: $12 minimum wage, indexed for the future

Q [to O'Malley]: The President's former chair of the Council of Economic Advisers, Alan Krueger, has said a national increase of $15 could lead to unintended consequences of job loss. You called for raising the minimum wage to $15 an hour; why did you stop at $10.10 in your state?

O'MALLEY: $10.10 was all I could get the state to do. But two of our counties actually went to $12.80 and their county executives would also tell you that it works.

CLINTON: I do take what Alan Krueger said seriously. He is the foremost expert in our country on the minimum wage, and what its effects are. That is why I support a $12 national federal minimum wage. But I do believe that is a minimum. And places like Seattle, like Los Angeles, like New York City, they can go higher. It's what happened in Governor O'Malley's state.

O'MALLEY: Didn't just happen. Yeah, but look. It should always be going up.

CLINTON: You would index it to the median wage, of course. Do the $12 and you would index it.

Source: 2015 CBS Democratic primary debate in Iowa Nov 14, 2015

The above quotations are from CBS Democratic primary debate, in Iowa, Nov. 14, 2015.
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