Obama vows deep cuts in spending

GREEN BAY, Wis. (AP) -- Democratic presidential nominee Barack Obama vowed to slash federal spending on contractors by 10 percent in an effort to restore an economy that's been roiled by turmoil on Wall Street and in the housing market.

That conservative theme was part of Obama's speech Monday in Green Bay, Wis. He said the $700 billion bailout plan the Bush administration and congressional leaders are pushing is forcing everyone to look anew at federal spending.

"The only way we can do all this without leaving our children with an even larger debt is if Washington starts taking responsibility for every dime that it spends," Obama, in remarks prepared for delivery.

(Copyright 2008 by The Associated Press. All Rights Reserved.)


Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to webmaster@wvlt-tv.com. Please provide detailed information.

powered by Disqus

WVLT VOLUNTEER TV

6450 Papermill Drive Knoxville, TN 37919 Phone - (865) 450-8888; Fax - (865) 450-8869
Copyright © 2014 WVLT-TV Inc. - Designed by Gray Digital Media - Powered by Clickability 29280149 - local8now.com/a?a=29280149
Gray Television, Inc.