LINCOLN, NEB. - Democrat Bob Kerrey and Republican Deb Fischer headed into the home stretch of the campaign season by wrapping up their third and final debate.
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Fischer, a state senator from Valentine, Neb., repeated her support for a balanced budget amendment that would limit government spending as a percentage of GDP. Kerrey, a former governor and U.S. Senator, asserted that would require immediate cuts on the order of a trillion dollars, which would cost jobs and weaken programs from Medicare to the military. Fischer said further regulatory and tax reforms would grow the economy and limit the impact of spending cuts.
The candidates also differed on health care reform and its impact on Medicare. Fischer said she would work to repeal the Affordable Care Act, including a provision which cuts $716 billion from Medicare by lowering payments to hospitals and insurers. That provision is also part of the House budget proposed by Republican vice presidential candidate Paul Ryan. Kerrey defended the law for its coverage of preexisting conditions. He said reversing the reductions in Medicare would lead to the program running out of money in 2016.
The outcome of the race between Kerrey and Fischer could help influence the balance of power in the U.S. Senate: a Fischer victory would flip control of the seat currently held by Democratic Sen. Ben Nelson to the Republicans.
Tune into NET Radio tomorrow, Oct. 2, for more coverage of the debate. Listen for that story at 6:30 and 8:30 a.m. and 4:30 p.m. CT.