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Originally Posted by Danzig
one of the many reasons why i don't care for either candidate:
The nonpartisan Committee for a Responsible Federal Budget has found that both Obama and McCain are proposing combinations of tax and spending policies that would increase the federal deficit. It found that in 2013, Obama’s proposals would produce a net deficit increase of $286 billion, while McCain's major policies would produce a net deficit increase of between $167 billion and $259 billion.
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They have Obama extending the Bush tax cuts at a cost of $294 billion and only getting back $48 billion by taking away the tax cuts for the wealthy. I've never heard estimates even close to as low as $48 billion.
They are also giving McCain a positive of $159 billion to "Implement Unspecified Cuts to Balance the Budget". Good stuff.