It is interesting that neither of the candidates has made much about what the impact of this enormous borrowing will do to their ability to start new spending programs.

They are both proposing that most of the 2001 & 2003 tax cuts be extended or made permanent. Senator Obama has proposed phasing out some exemptions & deductions for people making more than 200K pa. Senator McCain said he would consider a freeze on non-military spending to pay the costs of the bailout. I have a hard time imaging how new spending programs can be financed without additional revenues.

The predisposed conspiracy theorists should be able to have a lot of fun with this.

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Eudaimonia