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Promises of balancing the budget grow bleak
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Frank Cotolo
21 Oct 2008 |
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"There's no way the budget can be balanced until 2222, tops. Maybe 2221
or 2220, but never 2013."
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The current U.S. deficit is $500 billion and experts say McCain's tax plan
alone would almost double the deficit and Obama's policies on taxes, health
insurance and jobs would pretty much allow China, one of the U.S.'s major
lenders, to own at least three major U.S. cities by 2013.
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The credit crisis and fears of a looming recession raise questions about which
promises the candidates can keep if elected. Economists point to McCain's tax
cuts and Obama's health care reforms and weep.
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"I saw top financial aide Biff Random crying the other day," said a McCain
insider. "He was thinking about all of this."
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An Obama aide said the entire Obama financial crew was so stressed about this
that they chose up teams and went to the countryside to play paintball. And
they haven't been heard from since.
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