Man, EITHER of them will rev up the $s!
Let's see, how can this be spun: $300 Billion dollars per year MORE in spending!
- If you want government to take care of you (like a child), vote for one of these two free spenders
- If you believe in being pandered to, either will fit the bill
- You expect to be responsible for yourself, make decisions for yourself, and generally act grown up and be independent, vote for one of these two.
Oops, scratch the last one - neither Barack or Hillary believes in that we Americans are competent enough to be treated as adults - we all are victims one way or another (and given the marxist/socialist past employers/associates/friends, we now can understand why) and that government has to take care of us.
In fact, in their world, ONLY government can sustain our way of life and society. And that, ladies and gentlemen, is why I would never vote for either one of them.
Anyways, here's the ticker of the tape of their promises thus far:
THE DEMOCRATIC presidential candidates have some big plans -- with big price tags attached. By our calculations, using figures supplied by the campaigns, Sen. Hillary Rodham Clinton (N.Y.) has proposed new spending and tax breaks that would amount to almost $265 billion a year when fully implemented, while the initiatives proposed by Sen. Barack Obama (Ill.) total nearly $333 billion. Those initiatives, which would be phased in over time and which the candidates say they have identified ways of funding, don't include billions of dollars more in one-time spending.
In addition, both candidates would extend the Bush tax cuts for those making less than $250,000 a year, at an annual cost of another $140 billion in 2012, and renew the research tax credit ($9 billion). And both say they would take steps to prevent the alternative minimum tax from sweeping in additional taxpayers, adding $50 billion or so to the annual price tag. So the deficit -- even before any new spending -- would be that much deeper than it would have been if the tax cuts were permitted to expire.
Proposed initiatives (in billions) Clinton Obama Health Care $110.0 $110.0 Education (including college tax credits) $32.0 $32.0 Tax cut for middle class and seniors $5.0 $80.0 Tax incentives for savings $20.0 $12.0 Expanded earned-income tax credits $6.0 $6.0 Increased research for health and science $32.0 $12.0 Veterans and military $5.0 $15.0 Foreign aid / fighting global disease $13.5 $25.0 Creating jobs $7.0 $3.5 Infrastructure and mass transit $7.7 $6.0 Assorted other $25.4 $30.3 Total $263.6 $331.8
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Posted by: Michael Kitch | April 28, 2008 12:06 PM