Guys, your all missing something. Even if you take it at its face value, this is his plan NOW...... but he's promised more than he can pay for, so YOU decide if it will have to change and go higher.
Want numbers, here you go roughly....
We had a budget deficit of $407 billion last year as a starting point. He has promised $287 BILLION in new programs!!!! (I linked it before and if you want, I'll do it again)
The war.............................. $100 billion.
Bush tax cut repeal.............. $ 80 billion.
The CURRENT Obama plan.... $131 bilion. (
The Tax Foundation - Hard Numbers on Obama’s Redistribution Plan)
So a total of $310 billion, wwhich leaves us about $377 billion short. HOWS HE GOING TO PAY FOR THAT?
Real easy..... the vague term "rich" will be redefined to include many more people and up the taxes more than currently stated.
You can add in even more than that..... when taxes are cut, tax revenue actually GOES UP since the companies have more money to help spurn profits and therefore more profits to tax.
United States federal budget - Wikipedia, the free encyclopedia
The Bush tax cuts lowered taxes, the economy was supposedly sooooo bad, but tax revenue went UP. So what happens when Obama adds $131 billion in new ADDITIONAL taxes? Well, the $131 will certainly be lowered by the negative effect that will happen when those additional taxes have the reverse effect, which means he will be short even more...... way more. Cutting taxes works, but you can't outspend the enhanced revenue as Pres. Bush has.... you need to cut. McCain says he'll CUT, but Obama DOES NOT...... even though his budget doesn't add up, so you decide who being honest and who is niave now.
Let me add in one other thing......Obama was in national politcs for 143 DAYS before he announced he wanted to be the LEADER OF THE FREE WORLD. McCain was in the Navy for 22 YEARS and Senate 26 YEARS for a total of 48 YEARS..... or, in other words for every FULL 365 day YEAR McCain has of federal government service, Obama had ONLY 3 DAYS before he announced his candidacy....thats rough 100 TIMES more...... but he's got ALL the answers, yet many of you DONT attempt to try and ATLEAST VERIFY what this political rookie says he'll do... you'll take the style he undoubtedly has over and verifiable substance and hand it over to a guy almost literally on JUST WORDS since he has very little else of a track record to reference.
"McSame"... only if your not paying attention.... last I checked McCain has had MANY a tiff with Republicans about bipartisan work..... so how can it be the "SAME?" Nice try though.