The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.NEW YORK ( TheStreet) -- Election season is in full swing, with the Iowa caucuses completed, the New Hampshire primary on deck this week and South Carolina's primary coming up fast. The Republican contenders are running hard, and are all pushing variations on certain common themes: trimming federal spending, cutting taxes, and shrinking the nation's ballooning deficit, now estimated somewhere north of $15 trillion. It's a terrifying figure, and one that the new president -- whoever he may be -- will certainly have to address.
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