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Detailed text transcripts for TV channel - CNN - 20101015:21:18:00

Rand paul talks and says he s going to balance the entire federal budget next year. he s not going to tell anyone how he s going to do it this year. that s a secret plan that no one here in kentucky is buying. what i m going do do it, i mentioned the medicare bulk purchasing. i think there s $100 billion in medire fraud. i understand that because i ve taken on medicaid fraud. but here in kentucky they re up about 600%. i think we need to close down the on shore tax loopholes and the laws that allow for tax haifb havens and those that allow us to ship our jobs overseas. that s savings. get back to the pay as you go in the clinton years when clinton produced balanced budgets. and i would have supported the senator conrad and senator greg to come back to cob with more recommendations. the tone general for kentucky. the democratic candidate. thanks for coming in. good luck. great to be with you, wolf. we ve repeatedly by the way invited jack conway s opponent, ....

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Detailed text transcripts for TV channel - CNN - 20101015:21:17:00

Jobs in kentucky for the last decade alone. i m calling for something called a hometown tax credit. a lot of people in kentucky are worried that the government is just growing and not creating any jobs. so we have to give incentives, incentives to the private sector to create jobs. i propose a tax credit from small and medium-sized businesses. a 20% tax credit. i would cap it at $30 billion and pay for it by closing down on shore tax loopholes. estimates are carrying three quarters of a million dollars nationwide. we need to get the small and community banks lending once again to the small and medium-sized businesses. there s a lot of uncertainty out there. the government bailed out a lot of big banks on wall street. the regulators have come down awfully hard on the small community banks in places like kentucky. the budget deficit keeps growing and growing beyond a trillion dollars a year. the debt now is over $13 trillion and counting. where would you cut federal spending? we ve o ....

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