Surprise! Surprise! The Committee for a Responsible Federal Budget, a well-respected, nonpartisan think tank in Washington, D.C., just released the results of its latest study on the impact that budget plans of our current presidential candidates would have on the national debt. The budget plans of Newt Gingrich, Rick Santorum and Mitt Romney lead to the highest federal deficits and do nothing to pay down the national debt. President Obama's plan would curtail federal deficit spending to a much greater degree, but payments on the national debt would only occur if higher taxes were levied on the wealthy, America's economy quickly returned to boom year levels and the country stayed out of another war. Only Ron Paul, whose draconian spending cuts and ideas regarding a virtually non-existent federal government are roundly rejected as lunacy, comes close to eliminating federal deficit spending, but even Paul's plan makes no provisions for paying off our 14 trillion dollar national debt.
The Committee for a Responsible Federal Budget conducted a thorough review of the plans currently on our political table and should be congratulated for their efforts, but I doubt they'll get the credit they deserve. Presidential politics in America seldom engages in rational analysis. That kind of thinking isn't popular with the electorate.
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