Monday, April 28, 2008

McCain's policies will add $5.7 trillion to federal deficit

Sunday's NY Times compared the 3 candidates policies and the effect they would have on our budget deficit,

Mr. McCain’s plan would appear to result in the biggest jump in the deficit, independent analyses based on Congressional Budget Office figures suggest. A calculation done by the nonpartisan Tax Policy Center in Washington found that his tax and budget plans, if enacted as proposed, would add at least $5.7 trillion to the national debt over the next decade.

Fiscal monitors say it is harder to compute the effect of the Democratic candidates’ measures because they are more intricate. They estimate that, even taking into account that there are some differences between the proposals by Senators Hillary Rodham Clinton and Barack Obama, the impact of either on the deficit would be less than one-third that of the McCain plan.

What's really impressive about this is that the Democrats are calling for policies that will actually improve the lives of average Americans. McCain though blows right past them by focusing only on give aways to corporations and the wealthiest 1% of Americans as well as an open ended commitment in Iraq.

He really is living up to his nickname of McSame,
With the national debt soaring to $9.1 trillion from $5.6 trillion at the start of 2001, in part because of the Iraq war and Mr. Bush’s tax cuts.

It really couldn't be more clear - elect McCain and he will continue the failed policies of George W. Bush. It's clear that 2 Bush administrations have been a disaster for the American public. Why would a third be any different? According to economists it wouldn't. When you elect a president who has no interest in policy or good governance you get policies that are driven by ideology and pandering. That's what George W. Bush has brought us and that's what John McCain is promising.

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