The Tax Policy Center estimates that over 10 years, McCain's tax proposals could increase the national debt by as much as $4.5 trillion with interest, while Obama's could add as much as $3.3 trillion.I sure hope both platforms are lies, because I don't think the country can tolerate so much more debt. Let's hope they will raise taxes enough to pay for their plans, or better yet, cut wasteful spending on military and pork-barrel projects.
Thursday, September 18, 2008
McCain's tax plan versus Obama's
Both candidates seem to have plans that seem impossible to pay for, according to CNN:
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It's interesting - I don't know whether it has to do with the Westminster system or what but... Here in Australia, during election campaigns, Politicians are generally very wary of announcing new policies without the paperwork, the "costings" to back it up. Granted, a lot of the time the paperwork is bullshit, but only a very brave campaigner braves the wrath of the news media's claim that they "can't afford a promise". I guess we have a much smaller budget though, which makes it, ironically, a little easier to see.
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