Big Spender John Kerry economic proposals

[ScreamingEagle]

How does Kerry propose to "save us" economically when all he proposes to do is spend even more than Bush?

Even after over $30 billion in proposed savings, John Kerry plans to introduce over $226 billion in new spending -- in his first year alone.

For his part, Kerry retaliated with an April 7th speech portraying himself as a fiscal conservative, announcing plans to cut the deficit in half in four years while "paying for" every program proposed without increasing the debt. This seemingly laudable goal is actually quite unexceptional -- slashing the deficit by half would allow the federal government to spend $260.37 billion more than it takes in by FY 2009 (and seemingly as much as it wants until then). Yet, Kerry's proposals increase spending by a cumulative $621.76 billion over a four-year Presidential term. That translates to an average increased tax burden of $6,066 for every person paying federal taxes in America over Kerry's first term.[3]

For overtaxed and deficit-weary Americans, the future prospects for federal spending are, at a minimum, uncertain. In his first term, George W. Bush repeatedly failed to adequately trim the pork from an ever-fattening federal budget. Bush's opponent John Kerry proposes to submerge America even deeper into a sea of spending. Despite his recent attempt to outflank Bush on the deficit issue and portray himself as the more "fiscally responsible" candidate, the data behind Kerry's rhetoric tell a different story. Enactment of Kerry's "revised" spending agenda in its entirety would still mean higher taxes, a larger national debt, or likely both. Kerry's proposed spending caps, meant to convince Americans that he would usher in a new era of austerity, are actually so porous as to be no more effective than the restraints George W. Bush has sought.

Exerpts from: http://www.economistsforbush.com/e4b kerry promises will cost taxpayers billions 040712.htm