Wednesday, September 10, 2008

500 Billion Dollars

Sadly, it's not how much I make out of this here blog. It's the predicted size of the federal budget deficit when the next president takes over the reins. Gee, I wonder who spent all that money in the last eight years and how? The spend-and-owe Republican administration. To actually pay for the spending in Iraq was not the done thing because it would mean more taxes.

If you read the article I linked to a little further you will find those she-said-he-said impartial statements which drive me crazy:

A deficit of that magnitude could severely constrain the next administration's agenda, regardless of whether Sen. John McCain (Ariz.), the Republican candidate, or Sen. Barack Obama (Ill.), his Democratic opponent, wins in November. Each has promised billions in new tax cuts or new spending.

Is it really true that there is no difference between the sizes of the deficits the two candidates would cause? No difference in how they'd spend the money, for what benefit and in what amounts?

I understand the point of that paragraph in an article which mainly discusses the meaning of the federal budget deficit. But the reader still goes away with the idea that it doesn't really matter which candidate gets elected, because they are both going to make the deficit worse.