USA Today has done an analysis of the likely impact on deficits and spending under the Democratic candidates. It draws on analysis released by the National Taxpayers Union, which suggests that Obama’s plans, to the extent they can be nailed down, would lead to increases in spending of $287 billion annually compared with an increase of $218 billion for Hillary Clinton’s plans.
The findings are pretty predictable, although the exact amounts are rather meaningless (see the NTU’s detailed analysis for the kind of methods they used to come up with the numbers). We get the gist, though: either candidate would require a lot more spending. And the main strategies for funding the spending are repealing the Bush tax cuts (i.e. a big tax increase) and withdrawing troops from Iraq and Afghanistan. So they would fund their big spending plans by taxing us more and giving up on the efforts to stabilise those two countries.
Even these two things taken together, leaving aside the fact that the campaign’s estimates of how much they would contribute, would leave a shortfall, meaning more taxes, of course. And none of this takes account of the fact that spending is increasing anyway, especially as regards social security. But of course reducing spending or reforming social security doesn’t come into the equation at all.
Ultimately, these tax increases, the reduced freedoms enjoyed by individuals under a Democratic admininstration, and the appointment of judges to the higher courts are the biggest reasons to vote Republican (McCain) this year, even if he’s not the candidate a lot of Republicans had hoped for. Certainly, McCain may cause other problems, but on these three big issues there is clear blue sky between his positions and those of Obama and Clinton.
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