Sallow
The Big Bad Wolf.
Maybe Obama should go with Ron Paul this time...
Study: Candidates' plans lead to huge deficits
February 24, 2012 RSS Feed Print
By ANDREW TAYLOR, Associated Press
WASHINGTON (AP) Huge tax cuts in the budget plans of Newt Gingrich and Rick Santorum would produce the kinds of trillion-dollar-plus deficits that the GOP candidates are blaming on President Barack Obama.
That's the finding by the nonpartisan Committee for a Responsible Federal Budget, a Washington-based budget watchdog group.
The study also says the more modest tax and spending plans of Mitt Romney wouldn't make a dent in deficits that are on track to average $800 billion or so a year over the coming decade under current trends and policies and could add to them considerably.
Only Ron Paul, who calls for wrenching budget cuts that dwarf anything proposed by his three rivals, would reduce the flow of red ink. But even Paul's plan would leave in place a deficit in the $500 billion range by the end of his first term.
The candidates' budget plans provide a sharp contrast with those of President Barack Obama, who released his latest fiscal blueprint just last week. Like Obama, the GOP candidates have the luxury of suspending political reality and assuming lawmakers would quickly enact their ideas into law.
Study: Candidates' plans lead to huge deficits - US News and World Report