My order of importance, which candidate wins?

[YoungTulsan]

This is my view of taxation, government spending, and deficits.

Deficit spending is the most important thing to be not just controlled, but cut until eliminated altogether.

Overall government spending needs to be controlled and cut when possible.

The level of taxation ideally should be as low as possible.

I want all three to be controlled and cut back, but I view deficit spending as priority #1, government spending as priority #2, and level of taxation as priority #3.

Lowering all three would be my goal, but I want to see #1 happen first, then tackle #2, and once that is under control, see what progress can be made into #3.

Deficit spending does the most damage to the economy and to the majority of Americans in the long run.  It is less evil to tax & spend than it is to borrow & spend, if the spending is the same.  Spending the same, but taxing less, creating a deficit, is one of the biggest failures of the past 8 years.  There is no such thing as something for nothing, economic repercussions will eventually be seen by the short-sighted lowering of taxes without lowering of spending.  Cutting taxes, but not cutting spending, is worse than leaving things alone.

So I pose two questions to the forum:

#1 - In what order would you place the importance of the three items I laid out?

And #2 - Which candidate, McCain or Obama, will run lower deficits, or eliminate them altogether, regardless of overall spending and taxation?

[rwarn17588]

quote:Originally posted by YoungTulsan



And #2 - Which candidate, McCain or Obama, will run lower deficits, or eliminate them altogether, regardless of overall spending and taxation?

According to the Tax Policy Center, McCain's plan would run a higher deficit than Obama's, ranging from $1.5 trillion to $5 trillion higher.

http://www.taxpolicycenter.org/UploadedPDF/411749_updated_candidates.pdf

Durned tax-and-spend Republicans.

[YoungTulsan]

quote:Originally posted by rwarn17588

quote:Originally posted by YoungTulsan



And #2 - Which candidate, McCain or Obama, will run lower deficits, or eliminate them altogether, regardless of overall spending and taxation?

According to the Tax Policy Center, McCain's plan would run a higher deficit than Obama's, ranging from $1.5 trillion to $5 trillion higher.

http://www.taxpolicycenter.org/UploadedPDF/411749_updated_candidates.pdf

Durned tax-and-spend Republicans.

Im reading that PDF right now.  It says that the CBO baseline is based on the Congressional Budget Office's projected budget deficits based on current law.  Do the Bush tax cuts automatically end under current law, or are those BASELINE projections assuming everything goes the same as things are today?

I ask that because both Obama and Mccain are projected to run higher deficits than baseline.  If they are both worse than current Bush policy, we're screwed.