How will Obama pay for all he has promised?

30 10 2008

It it pretty obvious that Obama has promised A LOT. Finally, even CBS notices it in this report: Reality Check: The Cost Of Obama’s Pledges.

Here is a summarizing quote:

If he [Obama] closes every loophole as promised, saves every dime from Iraq, raises taxes on the rich and trims the federal budget as he’s promised to do “line by line,” he still doesn’t pay for his list. If he’s elected, the first fact hitting his desk will be the figure projecting how much less of a budget he has to work with – thanks to the recession. He gave us a very compelling vision with his ad buy tonight. What he did not give us was any hint of the cold reality he’s facing or a sense of how he might prioritize his promises if voters trust him with the White House.

So is Obama going to cut on promises? Being so indebted to all the community organizations that support him it will be difficult for him to disappoint them. But remember that few months ago he promised to cut military spending, so that might be one more promise that he will keep.

Plus, once he is elected, he does not have to worry about our votes, so he will be free to raise the taxes as much as he thinks is “fair”.

UPDATE: Another article about basically the same Obama’s problem: Obama Claus.




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