John F Kennedy and Richard Nixon contrast costs of their party platforms during a presidential election debate in the U.S.
United States USA Date:1960, October 13 Duration:4 min 28 sec Sound:Yes
The third Kennedy-Nixon Presidential Debate in the United States. Douglass Cater of Reporter magazine asks Democratic candidate Senator John F Kennedy to comment on costing of party platforms calculated by U.S. Vice President Nixon. Kennedy states that he believes in a balanced budget and an unbalanced budget is warranted during a recession or a national emergency. He comments on the cost of his budget and compares it with that of Nixon. He talks about high interest-rate policy that has added huge amounts to interest on debt. He talks about a different monetary policy to reduce the interest-rate burden. He talks about the bill passed by the Congress for the medical care for the aged. He says that more money would be spend on aid to education, housing and defense in his programs. Republican candidate U.S. Vice President Richard M Nixon comments on Kennedy's medical care for aged program under social security. He talks about the cost of his agricultural program and points out resulting rise in food prices. He concludes and states that following Kennedy's program would lead to inflation.
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