Tuesday, July 08, 2008

Obama's Budget Numbers Don't Add Up

The L.A. Times reports:
In more than a year of campaigning, Barack Obama has made a long list of promises for new federal programs costing tens of billions of dollars, many of them aimed at protecting people from the pain of a souring economy.

But if he wins the presidency, Obama will be hard-pressed to keep his blueprint intact. A variety of budget analysts are skeptical that the Democrat's agenda could survive in the face of large federal budget deficits and the difficulty of making good on his plan to raise new revenue by closing tax loopholes, ending the Iraq war and cutting spending that is deemed low-priority.