30 October 2008

Reality Check: The Cost Of Obama's Pledges

Holy ...cow. This is CBS:
Without question, the Barack Obama infomercial served as a very slick and powerful recitation of the biggest promises he's made as a presidential candidate. But the very bigness of his ideas is the problem: he seems blind to the concept his numbers don't add up.

Let's start with his highly suspect, and widely discredited, claim that he can find federal "spending cuts beyond the costs" of his promises. Very few independent economists believe he has identified the savings needed to offset his remarkable list of tax credits, tax cuts and spending pledges

You can read the rest by clicking the link in the title, or thelink here

Not so flippin' fast, McCain fans. His plan 'works' for the future if inflation stays below 5% for the next 35 years.

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