Libertarians for Ron Paul

Presidential Candidates Continue Out-Promising, Out-Spending Each Other

As John McCain and Barack Obama jockeyed for position in the race to appear “leader-like” over the economy and in upcoming debates, the latest update of the National Taxpayers Union Foundation’s (NTUF) candidate cost analysis project shows that despite their different styles, the major party Presidential hopefuls have one thing in common: both their agendas would add billions more to the taxpayer’s tab every year.

NTUF’s fourth and final round of assigning price tags to the candidates’ platforms since January 29 found that Sen. McCain (R-AZ) would increase yearly federal spending by $92.4 billion, compared to Sen. Obama’s (D-IL) $293.0 billion. NTUF also released a first-time analysis of Libertarian Party candidate Bob Barr, who would instead cut annual federal spending by $200.9 billion. The studies include proposals through September 19.

“Both the McCain and Obama campaigns have tried to keep pace with the political issues of the day — largely by responding with proposals for new programs and regulations that could reach deeper and deeper into taxpayers’ pockets,” NTUF Senior Policy Analyst Demian Brady said. “On the other side of the spectrum, Bob Barr’s Libertarian philosophy is strongly reflected in a platform that is built upon cutting programs and slashing spending.”

Full Statement @ http://www.ntu.org/main/press.php?PressID=1048&org_name=NTUF