The Congressional Budget Office released figures Tuesday that indicate the red ink will spill over into next year, when the deficit would reach a record $438 billion -- and could go even higher as the government takes over mortgage giants Fannie Mae and Freddie Mac. [Read]
Obama's solution is to raise taxes. McCain seems to want to control the unwieldy monster, but it is not the presidents who control the purse strings, it is the drunken congress. Only you control congress, but then you will have to give up the "give me some!"