Comparing McCain and Obama’s tax cuts: trillions in new debt, small salary impact » Bogle’s Blog

Nice post from Phil pointing out the huge debt incurred by either Obama or McCain plans.

The critical thing to consider is the trillions of dollars being added to the national debt ($4.5 trillion over ten years for McCain, $3.2 trillion for Obama) at a time when we are already running deficits and fighting a war. — Comparing McCain and Obama’s tax cuts: trillions in new debt, small salary impact » Bogle’s Blog.

And don’t forget to add the Fannie Mae/Freddie Mac bailouts on top of that, plus any other future bailouts.

Whoever wins this election has an economic mess to work with.