Neither presidential candidate is being honest about the federal deficit and debt, columnist Robert Samuelson wrote. President Obama largely ignores the need for entitlement reform, instead implying that raising taxes on the rich will solve most of the problem. Though Mitt Romney is talking about the need to reform Medicare, his call for cutting taxes ignores the reality that the government can’t balance its budget through spending cuts alone. “What defines this campaign, in part,” Samuelson wrote, “is a yawning gap between the political rhetoric and the country’s budget problems.”
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