I found this article so depressing I couldn’t resist wanting to share the sentiment. This was the paragraph I found most arresting, in speaking of Obama and McCain’s tax plans:
Neither of their proposals would pay for itself. Revenue flowing into the Treasury would decline by $3.7 trillion over 10 years under McCain's plan, while Obama's would bring in $2.7 trillion less.
I know the argument will be made that neither of them are serious and that everything will change once they’re in office. Then what exactly are we basing our votes on? Experience? Intellect? Spouses? Lapel adornments? Or is it simply who can make the most outlandish tax-and-spend offers?
Even more depressing would be thinking that they are indeed perfectly serious about all this tax cutting, and that America’s status as the world’s serial borrower and spender will continue, along with the continuation – if not acceleration - in the dramatic plunge in the US’s relative economic strength we are witnessing.
Posted June 23, 2008 by Nathan Gendelman
