Politics & Government

October 14, 2008

Deficit: Trillion-dollar shortfall looms, but what will the candidates do?

The ambitious spending and tax cut plans that Barack Obama and John McCain are promising make no fiscal sense, experts say. "Does either candidate have a realistic budget plan? 'Absolutely not,'" said Maya MacGuineas, president of the Committee for a Responsible Federal Budget, a nonpartisan research group.

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