CNN Money offers a clear cut break down of what each candidate’s budget plan would do for the�deficit:

Newt Gingrich’s plan
Debt over next decade:�Adds $7 trillion, increasing debt to GDP to 114%.
Costliest proposal:�Create an alternative flat tax of 15%, which would increase debt by $3.4 trillion.
Biggest cost saver:�Turn means-tested federal programs such as Medicaid into block grants to states and cut federal funding for these programs in half, saving $2.4 trillion.
Interest costs on the debt:�Raises it by $900 billion.

Rick Santorum’s plan
Debt over next decade:�Adds $4.5 trillion, increasing debt to GDP to 104%.
Costliest proposal: Reduce and reform�individual income taxes, at a cost of $3.6 trillion.
Biggest cost saver:�Transform various social programs into block grants to states and capping their growth, saving $950 billion.
Interest costs on the debt:�Raises it by $640 billion.

Mitt Romney’s plan
Debt over next decade:�Adds $250 billion, increasing debt to GDP to 86%.
Costliest proposal: Reduce corporate taxes, which would increase debt by $1 trillion.
Biggest cost saver:�Reduce federal workforce costs, saving $530 billion.
Interest costs on the debt:�Raises it by $40 billion.

Ron Paul’s plan
Debt over next decade:�Reduces it by $2.2 trillion, lowering debt to GDP to 76%.
Costliest proposal:�Get rid of various income taxes, such as the Alternative Minimum Tax and taxes on investment income, Social Security benefits and tips, at a cost of $2.5 trillion.
Biggest cost saver:�Reduce many parts of non-defense spending, such as eliminating five federal departments including education, commerce and energy, saving $4.5 trillion.
Interest costs on the debt:�Lowers it by $300 billion.

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I hope this helps everyone while they embark on this lovely Super Tuesday!

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