Kerry’s welfare stateA tax-payers group is beginning to add up the costs of Sen. John Kerry’s welfare state and the return of big government. The Washington Times reports: Despite Kerry's attempts to outflank Bush on the deficit issue and portray himself as the more fiscally responsible candidate, the data behind Kerry's rhetoric tell a different story," said Drew Johnson, the study's author. "Enactment of Kerry's 'revised' spending agenda in its entirety would still mean higher taxes, a larger national debt or likely both," he said. The National Taxpayers Union Foundation (NTUF) will release a study later this week that discloses that Kerry's budget proposals do not slash the deficit in half over four years as he promises. Instead he would increase spending well beyond his estimates: "Overall, Senator Kerry proposes spending $770.6 billion over five years to fund his projects, while suggesting just $35.99 billion in budget cuts," the study says. "This leaves $734.62 billion unaccounted for and presumably passed on to American taxpayers in the form of increased taxes or suffocating debt," the study said. |
FReegards...MUD