Cain Vs. Obama: A Comparison of Economic Issues

A breakdown of the numbers and the issues

Government Spending

Cain: On his campaign website, Cain talks tough about reducing government spending. “Though it might not be politically popular to modernize and eliminate some of our entitlement programs, responsible leaders should be willing to do it all the same,” he says, adding: “Nothing should be off the table. Every federal agency, every government program and expenditure must be reviewed and revised with a keen eye and a red pen…to shrink budgets by target percentages.”

Three programs he would slash presumably include Social Security, Medicare and Medicaid. In his new book, This is Herman Cain! My Road to the White House, Cain writes that he would “take this entitlement society to an empowerment society” by making cuts. What size cuts is not yet known. But observers say a 20% reduction would be needed to meet Cain’s “9-9-9 plan.” Such drastic cuts far exceed what other Republicans have proposed, and would be politically risky for Cain too.

Obama: In light of the federal budget deficit, which has topped $1 trillion in each of the past three years, Obama has acknowledged the need to rein in spending. But it’s not exactly clear which programs he would support cutting back. The President is currently waiting on a “super-committee” to offer recommendations by Thanksgiving about what programs should be cut in a bid to slash the deficit by $1.2 trillion over 10 years.

In the meantime, the President continues to be criticized by Republicans and others who say Obama is too focused on government spending and taxing the rich. Obama has countered those critics by saying such spending on social programs is necessary to get the economy moving and to help cash-strapped Americans stay afloat.

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  • John Prine

    Your description is obviously bias toward Obama. You fail to point out that Cains plan would collect money from all the drug dealers, illegals, people who work for cash under the table ect. with the consumtion tax. It would also eliminate the freeloaders who get a refund paid for by the tax payer when they have done nothing but taken from the system and not paid anything in. Everyone should pay something if it’s only $100.

  • Gene Poole

    The Presidents spend, spend and more spending plan will eat up any tax increases, even if we take everything the Rich own.

  • Dennis Nelson

    Well Both Obama And Cain Tax Plan Will Sure Get A Close-Up Look From The People Who Are The So-Called Tax Experts And Hopefully Their Analysis Will Give One Of Them Other The Thumps-Up!

  • Deb Plackett

    This article is fruitless, as neither Cain or Obama will be an issue come 2013. The American people have seen and experienced enough from two mouth pieces that have no real concerns for America but instead for their own personal power. You can thank Mr. Obama for making the first “black” president a farce.

    • Catalina

      Regarding the rate … why is our current inmcoe tax rate acceptable, but the proposed FairTax rate isn’t? Because you’ll see it all the time rather than once a year? The rate is designed to be federal revenue neutral (i.e., to raise the same amount of revenue as the federal inmcoe tax et al. does now)–so the cost of government on the country is already equivalent to the FairTax rate. If the FairTax’s proposed rate is too high, what that really means is that the cost of government is too high. Of course we already knew that … but at least we’d be reminded of it on every purchase we make, and maybe at last work up enough consistent outrage across the country to actually do something about it. The cost of government should be out in the open and in our faces, not hidden by being divided up and rarely seen as it is now.

    • Marjolein

      Just whom do you have in mind as someone who could eialsy beat a sitting president by attracting votes from the center? Attracting the right wing is necessary but not sufficient. The always frowning Republicans in Congress or the governors attacking their own workers and immigrants who do so much of the nation’s work? All the pandering to the social conservatives doesn’t do much to attract the center voters who want economic solutions other than the trickle-down ideas of cutting the tax burden on the rich and corporate. Don’t the supply-siders ever learn? Not if they spend their time in an echo chamber. People who are hurting and scared would prefer leaders who are trying to do something.