1. You're not going to be able to raise taxes until the coming recession is over. It would be wise to raise them afterward to balance the budget, but not in the fashion Obama is proposing (increased tax burden falling entirely on the rich, handouts for the large swathe of Americans who don't pay income tax).
2. Since you can't raise taxes for the time being, cutting spending is the only positive option available at the moment. McCain has promised to do his best to cut spending; Obama has trouble naming parts of his planned spending increases that he would give up.
3. Gridlock is the surest way to keep government spending down. I hope America never has a GOP President/GOP Congress or Dem President/Dem Congress again. It was a fiscal disaster under Bush and will be a fiscal disaster under Obama.
2. Since you can't raise taxes for the time being, cutting spending is the only positive option available at the moment. McCain has promised to do his best to cut spending; Obama has trouble naming parts of his planned spending increases that he would give up.
3. Gridlock is the surest way to keep government spending down. I hope America never has a GOP President/GOP Congress or Dem President/Dem Congress again. It was a fiscal disaster under Bush and will be a fiscal disaster under Obama.
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