Kerry Tax Plan Preferred to Bush's By Some Investors (Update1)
Neither candidate's tax plan does enough to eliminate deficits, said Jeff Given, who manages $10 billion in fixed- income at John Hancock Funds in Boston. The growing shortfall, which the Congressional Budget Office projects will reach $478 billion this year, will increase government borrowing and push up interest rates, he said.
``At some point deficits do matter,'' Given said.
The U.S. Treasury Department, responsible for financing the government's debt, said it would borrow more money last quarter than in any other, taking on $177 billion. The increased debt, combined with an expanding economy, means more money will flow into Treasuries and push rates higher, Goldman Sachs Group Inc. senior U.S. economist Ed McKelvey said in a research report.
quote.bloomberg.com
Bush Has Already Spent $40 Million On Advertising
ktvu.com
(this represents 1/5 of the Bush war chest. If he felt secure in his reelection chances he would never spend this much, this early) |
