post a comment
E-mail this story
Print this story
digg this
save to del.icio.us
Technorati
In a bold move to build confidence during a shaky economy, the National Taxypayers Union (NTU) has just released a study that concludes Libertarian Bob Barr is the most fiscally responsible candidate running for president. The study determined that a Barr presidency would cut federal spending by a whopping $200.9 billion.
"This study just goes to show that both Republicans and Democrats will only add more to our already sky-rocketing debt," Barr said in reaction to the study. "On Election Day, voters can choose John McCain's big government, Barack Obama's bigger government, or Bob Barr's smaller government."
The NTU study also found that Sen. John McCain would raise federal spending by nearly $100 billion, compared with Sen. Barack Obama's plans that would raise spending by almost $300 billion.
The figures are compiled based on campaign statements up to September 19, and do not include bailout proposals supported by Senators McCain and Obama.
"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," NTU Senior Policy Analyst Demian Brady said.
"On the other side of the spectrum,” he continued, “Bob Barr's Libertarian philosophy is strongly reflected in a platform that is built upon cutting programs and slashing spending."
The study finds that the bulk of Barr's spending cuts come from withdrawing troops from Iraq ($92.4 billion in annual savings) and eliminating the Department of Education ($68 billion in annual savings).
"America's financial future rests entirely on its ability to reduce government spending," says Barr. "The deficit this year will run a record $407 billion or more. Next year the red ink will be even greater. And there are trillions upon trillions of dollars of taxpayer liabilities that will come due under Medicare and Social Security as the Baby-Boomers retire."
"What are the plans of Senators McCain and Obama?" Barr asks. "Spend more."
Neither the McCain nor Obama campaigns could immediately be reached for comment.
FREE download of The Voice magazine
"This study just goes to show that both Republicans and Democrats will only add more to our already sky-rocketing debt," Barr said in reaction to the study. "On Election Day, voters can choose John McCain's big government, Barack Obama's bigger government, or Bob Barr's smaller government."
The NTU study also found that Sen. John McCain would raise federal spending by nearly $100 billion, compared with Sen. Barack Obama's plans that would raise spending by almost $300 billion.
The figures are compiled based on campaign statements up to September 19, and do not include bailout proposals supported by Senators McCain and Obama. "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," NTU Senior Policy Analyst Demian Brady said.
"On the other side of the spectrum,” he continued, “Bob Barr's Libertarian philosophy is strongly reflected in a platform that is built upon cutting programs and slashing spending."
The study finds that the bulk of Barr's spending cuts come from withdrawing troops from Iraq ($92.4 billion in annual savings) and eliminating the Department of Education ($68 billion in annual savings).
"America's financial future rests entirely on its ability to reduce government spending," says Barr. "The deficit this year will run a record $407 billion or more. Next year the red ink will be even greater. And there are trillions upon trillions of dollars of taxpayer liabilities that will come due under Medicare and Social Security as the Baby-Boomers retire."
"What are the plans of Senators McCain and Obama?" Barr asks. "Spend more."
Neither the McCain nor Obama campaigns could immediately be reached for comment.
FREE download of The Voice magazine
Tags
