Tax Policy Center Analysis of McCain and Obama
This may seem secondary given the events of the day, but this is an excellent independent analysis of the reality of the policies for the two candidates.
Neither candidate fully covers the costs of their proposals, but Obama does a better job than McCain according to the report.
The report also refutes the claim that Obama will raise taxes across the board.
Here's the link.
http://www.taxpolicycenter.org/UploadedPDF/411750_updated_candidates_summary.pdf
The Tax Policy Center focuses it's analysis on projected tax revenues derived from the stated campaign promises of the two presidential candidates.
It also projects, using several assumptions, spending based on each candidate's campaign promises.
Those of us who have been around for a while understand that campaign promises and actual policies can be wildly divergent.
Of course, economic policy is much more that an analysis of tax revenue. Fiscal conservatives understand that if money is pumped into our economy, as in an economic stimulus package, the economy is stimulated. If money is removed from the economy, via taxation, the economy will tend to slow down, jobs will be lost, businesses will find a more favorable tax environment, etc.
And then there is the other side of the coin, spending. Some say that increased spending is good, because that increased money flow is a stimulant. To me, that argument is more of a rationalization to try to justify excess spending than a real reason.
So, of the presidential candidates, who is the big spender? My theory is that future actions can best be predicted by past performance.
http://www.ntu.org/main/page.php?PageID=97
Just as in our personal and family finances, we must consider both revenue and expenses, income and outflow. I believe control of spending should be one of our highest national priorities.
Just my opinion.
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