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First Read is an analysis of the day's political news, from the NBC News political unit. First Read is updated throughout the day, so check back often.

Chuck Todd, NBC Political Director

Mark Murray, NBC Deputy Political Director

Domenico Montanaro, NBC Political Researcher



Every dime?

Posted: Friday, September 26, 2008 9:53 PM by Carrie Dann

From NBC's Mark Murray
Earlier, Obama said that he will "make sure that we have a healthcare system that allows for everyone to have basic coverage. I think those are pretty important priorities. And I pay for every dime of them."

Take a look at these numbers from the nonpartisan Committee for a Responsible Federal Budget (part of the New America Foundation) on the spending plans for BOTH candidates.

-- $173 billion in 2009 for Iraq and Afghanistan (Congressional Budget Office)
-- $700 billion (projected) for Wall Street bailout
-- a net of $400 billion per year (roughly) for Obama tax and spending proposals (Cmte for a Responsible Federal Budget)
-- a net of $400 billion per year (roughly) for McCain tax and spending proposals (Cmte for a Responsible Federal Budget)

So for each presidential candidate, that comes to almost $1.3 trillion -- on top of everything else in the budget.

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