The Chip Board
Custom Search
   


The Chip Board Archive 11

NCR - Hmmmmm

(Alexandria, VA) -- For overtaxed and deficit-weary Americans, future prospects for lower federal spending are bleak indeed, according to a detailed analysis of the Democratic Presidential candidate John Kerry's fiscal agenda by the non-partisan National Taxpayers Union Foundation (NTUF). Despite adding spending caps to his agenda, Kerry's campaign promises could still hit taxpayers with a $226 billion blow, on top of the 29 percent spending run-up under George W. Bush's term.

"Despite Kerry's attempts to outflank Bush on the deficit issue and portray himself as the more fiscally responsible candidate, the data behind Kerry's rhetoric tell a different story," said NTUF Policy Analyst and study author Drew Johnson. "Enactment of Kerry's 'revised' spending agenda in its entirety would still mean higher taxes, a larger national debt, or likely both."

The NTUF study systematically examined the fiscal policy implications of Kerry's agenda, using campaign and third-party sources (like the Congressional Budget Office) to assign a cost to each budget proposal he offered. For actual legislation that Kerry has endorsed, the study also relies on NTUF's BillTally project, a computerized accounting system that has, since 1991, tabulated the cost or savings of every piece of legislation introduced in Congress with a net annual impact of $1 million or more. Highlights of the study include:

Based on Kerry's promise to "pay for" every program he has proposed, U.S. taxpayers would each face an average additional $2,206 in higher taxes during Kerry's first year in office, and a cumulative increased tax burden of $6,066 over his first term.

If Sen. Kerry's policy agenda were enacted in full, annual federal spending would rise by at least $226.125 billion during the first year of a Kerry Presidency alone.

Despite nearly $36 billion in spending cuts, $734.62 billion of Kerry's spending agenda remains unaccounted for, and presumably passed on to American taxpayers in the form of increased taxes or suffocating debt.

Kerry has promised nearly $115 billion in social welfare, foreign aid, energy, and environmental handouts during his first term, including $2 million to restore voting rights to felons.

Although Sen. Kerry claims Americans can look to his voting record when determining whether to trust his vow of fiscal responsibility, according to NTUF's BillTally and VoteTally reports, Kerry sponsored or cosponsored $182 billion worth of new federal legislation in 2003, and voted to increase federal spending by $466.5 billion during 2002. VoteTally figures for 2003 are unavailable due to Sen. Kerry's many absences.

Kerry has announced only five cost-saving policy ideas out of a total of 70 policy proposals.

Author and original publication source unknown....

Messages In This Thread

NCR - Hmmmmm
NCR LONG -- Your article is from the ...
Re: NCR LONG -- Your article is from the ...
Re: NCR LONG -- Your article is from the ...
Re: NCR - Hmmmmm
Re: NCR - Hmmmmm

Copyright 2022 David Spragg