Friday, April 25, 2008

Political Promises

"Taxpayers have become accustomed to the whoppers candidates tell on the campaign trail: A chicken in every pot, a car in every garage, tax cuts, spending increases, and a balanced budget all at the same time.

The problem is that we can’t afford hot air. Our nation is in the midst of fiscal crisis: the economy is in a tailspin, we have a budget deficit of more than $400 billion and our national debt tops $9 trillion. We spend hundreds of billions each year just on interest payments to service that debt. And that doesn’t even consider the looming financial challenges of Social Security and Medicare."

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