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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: TideGlider who wrote (45977)	9/11/2008 10:19:08 AM
From: tonto	2 Recommendations Read Replies (1) \| Respond to of 224755

Well, I know that the "plans" which are not really plans but just campaign slogans are not credible. This is what partisans are fighting for...(sadly) Federal deficit soaring, but McCain, Obama offer no answers By DAVID LIGHTMAN AND KEVIN G. HALL McClatchy Newspapers Just weeks before the government's fiscal year ends Sept. 30, the nonpartisan Congressional Budget Office on Tuesday projected a near-record federal budget deficit of $407 billion, sharply higher than White House projections six weeks ago and more than double last year's figure. Mammoth federal-budget deficits feed inflation, make America dependent on foreign lenders, cost taxpayers hundreds of billions of dollars in interest payments on the growing national debt and drain capital savings from more productive investments. The widening gap between what the government spends and the revenue it brings in is sure to weigh on the next president and impede his efforts to spend on new or larger programs or to cut taxes. Yet John McCain and Barack Obama show few signs that they're ready to take tough steps to curb deficits, according to budget analysts. "I don't think either candidate is treating the deficit, or the debt, seriously. And I don't see any proposals from either one that would make the situation any better," said Robert Bixby, the executive director of the Concord Coalition, a bipartisan budget-watchdog organization. Maya MacGuineas, the president of the bipartisan Center for a Responsible Federal Budget, said in a statement that both candidates "are promising hundreds of billions more in spending and tax cuts than they are paying for." .