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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (402663)	7/29/2008 9:39:46 AM
From: michael97123	Respond to of 1576600

With the deficits exploding again, both candidates will tailor their message to included some talk of balanced budgets and/or reduced deficits. How fast to reduce and how one does it will be the issues. McCain will be more supply side oriented and Obama demand side. Since things will have to be done, both will gravitate toward the middle. Regardless of who wins, by necessity there will be all sorts of political compromise that will involve some tax rate increases on the rich, spending cuts and some tax relief in the middle and low areas.

To: Road Walker who wrote (402663)	7/29/2008 12:21:28 PM
From: Tenchusatsu	Read Replies (2) \| Respond to of 1576600

JF, the article mentions all of the "cost cutting" Obama would do, including: - Getting out of Iraq (though only a small portion of the savings will actually go toward deficit reduction. The rest will go toward "increasing the size of the standing army" for an unmentioned cost and fighting global poverty to the tune of $50 billion a year.) - Eliminating a student-loan program run by private lenders, amounting to $3 billion. - Reduction of earmarks amounting to $9 billion. - Government energy conservation, $1.5 billion. - Use of generic and re-imported drugs for Medicare beneficiaries, $6 billion - $15 billion cut from subsidizing "a private Medicare coverage program" (the money will partially offset universal health care) - "Tens of billions" by modernizing health-care IT and payment systems (once again, partially offsetting universal health care) In other words, real nickel and dime stuff. Not very impressive. Pelosi and Reid can think of ways to spend the savings ten times over. Tenchusatsu P.S. - And just like that, Pelosi repeats, "I’m trying to save the planet; I’m trying to save the planet": politico.com