Thanks to Bush's soaring budget deficits, neither McCain or Obama will be able to do half what they now propose or promise. See, Washington Post, When Life Hands You Deficits . . .
Time to implement GRAC, the Government Reform and Realignment Committee, to reform government. Wipe the slate clean of all government departments and agencies and add back only essential departments and agencies (the key work here is essential), honestly estimate the cost and reform the tax code to fund the entire cost of government, then implement over a ten year period. Presto, government reform.
Of course, someone with a little back bone will have to tell the public that we don't live in a fake world with false wealth, and you can't have your house and spend it too.