Obama and the Deficit
I was, to say the least, surprised to read a couple of comments posted last week that claimed FactCheck.org was asserting Barack Obama’s tax-and-spending plans would pay for themselves. I was even more surprised to read that FactCheck was supposedly basing its conclusions on TPC data. So, I looked it up.
The comments are wrong.
This is what FactCheck.org says about the Obama agenda:
“According to the nonpartisan Tax Policy Center, 'without substantial cuts in government spending' Obama’s plan– and McCain's, too–“would substantially increase the national debt over the next ten years.” Obama spokesman Tommy Vietor told FactCheck.org that the Tax Policy Center's analysis “fails to take in account Senator Obama's spending cuts, including ending the Iraq war.” That's true, but Obama's proposed cuts are dwarfed by the Tax Policy Center's projected deficits. Obama’s new spending programs might be completely offset by new revenue and spending cuts. But overall spending will still exceed overall revenue, and the nation would face at least 10 more years of annual deficits.”
Seems pretty clear to me.
I’ve been browsing the web more than three hours today, and this is the best article I’ve come across. I’m a blog post fiend so I’ve actually read a lot already.Personally I think, if all web owners and bloggers made as awesome content as youhave, the net would bemuch more useful than ever before.
I love America – it is the home of the free and the brave! However, we cannot remain free if we are not going to be brave about our country's national debt. We need to tighten our belts and increase our revenues. How? As a citizen, I would like to start a fund raising organization to specifically pay down national debt. I have to admit I do not know how to go about this but I feel strongly that as a people we always show love and compassion to others so we need to do this for ourselves until our debt is cleared.
loan software