The most interesting thing about the debate was the fact that the moderator Mr. Gibson had to ask twice about how they were going to cut the deficit
Once after Mr. O’Brien’s about spending:
GIBSON: I both — I heard you both say — I have heard you both say during the campaign, I just heard you say it, that you're going to cut the deficit by a half in four years. But I didn't hear one thing in the last three and a half minutes that would indicate how either one of you do that.
Then again later:
GIBSON: I'm going to come back one more time to how these numbers add up and how you can cut that deficit in half in four years, given what you've both said.
Bush’s answer is simple cut taxes to produce more jobs to increase tax revenue as a whole. You can line up just as many economist who agree with this, as disagree. It’s your choice of the economic debate side you want.
But Kerry’s plan is what stumps me. Even if you say that Bush’s fuzzy math of the health care plan’s 3.9 trillion is wrong, then lets say that it is only 1.5 trillion.
KERRY: One percent of America, the highest one percent of income earners in America, got $89 billion of tax cut last year.
Even to a person like me with a Collage level math education, I can add up that $89 billion is far less then 1.5 trillion. I do believe that is why Mr. Gibson repeatedly asked this question.
Lets just add on the cost of inspecting every last shipping container (that’s opening each one folks and removing the contents), and all the other programs he says he will institute. Even the full budget of Kerry’s poor old pet projects that he will get rid of do not add up to the cost. It was very convenient that he said that he would not raise taxes on those that make over $100,000.
The most ironic thing is he said that Gibson, Bush, and himself are the only ones that will pay. Ahhh, wrong answer. Kerry was to pay just under $143,000 in taxes last year, but got a full 1/3rd of that amount discounted due to charitable contributions that included his old underwear he donated to a good cause. With the best accountants money can buy, theses fat cats that earn way more then most of use, really pay less percentage then the average small business men that must spend late nights doing their taxes without an accountant.
http://releases.usnewswire.com/GetRelease.asp?id=28733
While I have misgivings about Bush’s spending, at least he has a plan that half the economist agree with. I already know where he is coming from and can expect more.
Kerry keeps repeating again and again that he will be the great deficit cutter, I myself can tear Kerry’s plan apart without even putting pen to paper. Get real man, this guy is just saying what needs to be elected, just as he has in the past. What comes out of his mouth this month will be different in just three months, if he get elected.
That’s My Two Cents
