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Campaign / budget update from the Tax Policy Center

According to the widely respected Tax Policy Center, analyzing the candidates' campaign platforms:

"The simple bottom line: under Senator Obama?s tax plan as described by his campaign advisors, the ten-year federal deficit (before spending cuts) would total nearly $5.9 trillion; a comparable total for Senator McCain?s tax plan is almost $7.4 trillion. Expanding each candidate?s plan to include proposals made in stump speeches yields ten-year deficit totals (again before spending cuts) of $5.4 trillion for Obama and almost $11 trillion for McCain."

Neither candidate's spending cuts are included due to a lack of specificity from both in saying what these would be.

On the spending side, I'd say the ten-year McCain total is several trillion dollars too low given the foreign military adventures he would engage in.

Full post as published by Start Making Sense on September 13, 2008 (boomark / email).