...Democratic candidate Barack Obama has outlined a range of ambitious programs, from rebuilding the nation's bridges to extending health care to the nation's 47 million uninsured, that could cost hundreds of billions of dollars.

Republican John McCain hopes to make Bush's 2001 and 2003 income-tax cuts permanent, cut the corporate tax rate and simplify the tax code. These measures could dramatically slash federal revenue.

"While each of them is running on one agenda, whoever wins, the day they enter office another is going to be presented to them," said Maya MacGuineas, president of the Committee for a Responsible Budget and a budget expert with the New America Foundation... LINK

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