How Barack Obama pays for change

Many pundits have criticized Barack Obama for not explaining the specifics of what he would do if elected.

He did a splendid job of articulating the specifics last Thursday evening after accepting the Democratic nomination.

But, that wasn’t good enough for some. Now they claim he didn’t explain the specifics of how things would be paid for. Here’s what Barack Obama said:

Now, many of these plans will cost money, which is why I’ve laid out how I’ll pay for every dime – by closing corporate loopholes and tax havens that don’t help America grow. But I will also go through the federal budget, line by line, eliminating programs that no longer work and making the ones we do need work better and cost less – because we cannot meet twenty-first century challenges with a twentieth century bureaucracy.

That sounds viable to me!  Does it work for you?

Oh, and one more thing you’ll hear a lot from the Republicans in the coming days:  “The Democrats are the ‘tax and spend party.'”    The implication being that, all the Democrats want to do, is raise your taxes and spend your money.  Here’s what Barack Obama said about that last Thursday evening in his acceptance speech:

Change means a tax code that doesn’t reward the lobbyists who wrote it, but the American workers and small businesses who deserve it. Unlike John McCain, I will stop giving tax breaks to corporations that ship jobs overseas, and I will start giving them to companies that create good jobs right here in America. I will eliminate capital gains taxes for the small businesses and the start-ups that will create the high-wage, high-tech jobs of tomorrow. I will cut taxes – for 95% of all working families. Because in an economy like this, the last thing we should do is raise taxes on the middle-class.

How does that sound to you? I’d love your feedback.

Democrat Dave


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