Debate: So apparently McCain doesn't know Jack ...

[Final-Fan]

Kasz216 said:

Final-Fan said:

ManusJustus said:

Kasz216 said:
Obama didn't want to answer it because he obviously has to cut more of his plan, and McCain isn't going to answer a question Obama wouldn't.

Both Obama and McCain didn't want to talk about what they would cut if they were president, but somehow this is Obama's fault.  If you ever want to develop your own opinion on politics, you are going to have to be more indepedent thinking than that.

I forgot that Kasz216 said that.  Please explain to me why it's "obvious" because AFAIK McCain's gigantic proposed tax cuts mean enormous deficits according to all experts.  Obama's proposal is also probably inadequate but much MUCH less so. 

Both tax plans cause big debts.  McCains about 10 Million more (or 10 billion.)

However when analyzed by the tax policy center it doesn't include things such as Obamas healthcare plans, or plans to stop wastefull government spending.

Please explain how you got the $10 billion difference, because this is the very first time I have heard anyone say it will not be more like $1 trillion.  Your statement sounds like you are using the Tax Policy Center numbers (which don't account for spending differences AFAIK), but that analysis puts the difference at $1.2 trillion over ten years ($120 billion per year if it is the same every year and I have no idea whether it is or not in the TPC report). 

Are you saying that Obama will spend the difference to within ten billion of McCain's deficit?  I would like to know what you are basing that on, although it's certainly not inconceivable that he'd spend $110 billion more per year. 

Some interesting numbers I ran across while researching this: 

McCain		Obama
New National Debt (increase over 10y)	$4.5 trillion		$3.3 trillion
	McCain		Obama
Income Level	Savings	% of income	Savings	% of income
Under $19K	$19.00	0.1%	$567.00	3.0%
$19K - $38K	$113.00	0.4%	$892.00	3.1%
$38K - $66K	$319.00	0.6%	$1,042.00	2.0%
$66K - $112K	$1,009.00	1.1%	$1,290.00	1.4%
$112K - $161K	$2,614.00	1.9%	$2,204.00	1.6%
$161K - $227K	$4,380.00	2.3%	$2,789.00	1.4%
$227K - $603K	$7,871.00	1.9%	-$12.00	-0.0%
$603K and up	$45,361.00	8.9%	-$115,974.00	-22.8%
Over $2.9M	$269,364.00	9.3%	-$701,885.00	-24.2%

I thank you sincerely, Kasz216, for bringing this to my attention.  I had no idea that Obama's plan called for this level of deficit.  Clearly both candidates need to get much more serious about the situation they plan to inherit if they are going to deal with it responsibly and lead our country into a prosperous future.  Policing earmarks alone is not going to solve the problem, and new programs must be paid for.