Democrat's vision will collide with reality
- Associated Press
- Aug 29, 2008
WASHINGTON (AP) -- Barack Obama accepted 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 ECONOMY AND DEFICITS
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. Obama promised to "go through the federal budget, line by line, eliminating programs that no longer work and making the ones we do need work better and cost less."
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