Obama’s Multi-Trillion Dollar Campaign Promises Unrealistic, Tax Expert Says

(CNSNews.com) - Even prior to the economic downturn, the U.S. economy could not have borne the costs of fulfilling President-elect Barack Obama’s campaign promises, economic expert Leonard Burman told CNSNews.com on Tuesday at the Urban Institute in Washington, D.C.

Now that the economy is officially in recession, it is even less capable of financing such expansion, said Burman.

But former Congressional Budget Office Director Robert Reischauer, on the same panel with Burman, said that Obama has promised to make cuts in government programs to pay for expanded federal spending.