ABC News Video: Obama in 2006 Said Public Financing Saves Taxpayers Money

By Kelly Moeller

Jun 19, 2008 2:55pm

At a breakfast for constituents in 2006, Sen. Barack Obama, D-Illinois, said public financing saves taxpayers money in the long run.

"What folks don’t understand is you’re paying for the lack of public financing," Obama said. "Because all those, you know, pork projects you read about and all the shenanigans that take place around here, you would save significantly as a taxpayer by paying what would probably end up being five dollars per person per year to finance every federal campaign."

Watch HERE. So does that mean Obama’s decision to forgo public financing will cost taxpayers money? No, he says, because he argues he has created a new system.

- jpt

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