Thursday, August 28, 2008

Swing and a Miss

Aside from reaching a conclusion not backed up by the story, I find this AP-Yahoo headline biased. And for some reason, you can cut and paste the text of the story but not the headline.

Democrat's Vision Will Collide With Reality

WASHINGTON – Barack Obama is accepting the Democratic nomination Thursday night with a lofty vision for the nation's future that is far easier to articulate than to accomplish.

The next occupant of the White House will inherit a half-trillion-dollar budget deficit that will severely crimp any plans for spending on new programs, as well as the messy endgame of the war in Iraq and growing energy and health-care challenges. A look at Obama's promises and the realities he would confront:


The promise: Obama has pledged to attack the weak economy with another stimulus plan to follow the $168 billion package of tax rebates for individuals and tax breaks for businesses that Congress passed last February. Obama's stimulus would include tax rebates, aid to state and local governments and increased spending for infrastructure projects. He would also increase spending in other areas such as alternative energy programs.

The problem: Obama's spending plans and middle-class tax relief will collide with the hard reality of exploding budget deficits. The Congressional Budget Office projects this year's deficit will hit $400 billion, driven higher by the weak economy and the stimulus program Congress has already passed. And the Bush administration is forecasting that next year's imbalance will hit an all-time high of $482 billion. Deficits will remain high because of the costs of extending the Bush tax cuts and growing demands on big government benefit programs such as Social Security and Medicare as the baby boom generation retires.

and so on...

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