McCain Balanced Budget… Bull Expletive!
John McCain is going around the nation telling people that he will balance the federal budget by 2013 but there seems to be a little problem with his calculator. I’m thinking that Senator McCain has been drinking to much of the Bush BS juice and probably should cut back on the 80 proof that keeps falling into his coffee cup. Maybe he borrowed the shiny object from the Karl Rove playbook and thinks it will distract the nation while he keeps the nation building plan of W going in the Middle East?
Over at Politico they have this observation and I happen to think they are right…
“The McCain administration would reserve all savings from victory in the Iraq and Afghanistan operations in the fight against Islamic extremists for reducing the deficit. Since all their costs were financed with deficit spending, all their savings must go to deficit reduction.”
The pledge is a return to an earlier position he'd later backed away from. On April 15, McCain backed off a February pledge to balance the budget in his first term when asked about it by Michael Cooper of The New York Times, who reported that McCain said “at a news conference … that ‘economic conditions are reversed’ and that he would have a balanced budget within eight years.”
McCain advisers admit that the document is a repackaging of previous policies, without dramatic new initiatives. Some Democratic officials had thought McCain might try to make a splash by proposing a bold middle-class tax cut.
Jason Furman, Obama's economic policy director, called McCain's pledge “preposterous." Furman pointed out that the Congressional Budget Office now estimates a 2013 deficit of $443 billion, assuming the Bush tax cuts are extended. And he estimated that McCain would have to cut discretionary spending—including defense—by roughly one-third to bring the budget into the black by then.
"McCain would have to pay for all of his new tax cuts and other proposals and then, on top of that, cut an additional $443 billion from the budget—which is 81 percent of Medicare spending or 78 percent of all discretionary spending outside of defense," Furman said. - Politico
By all of the savings in the Iraq/Afghanistan war does McCain mean to pay off the debt with the $100’s of billions per quarter he is also going to spend on keeping our military in the region for the next one hundred years? Maybe he has an in at KBR for services rendered in the region, or over at Bush and company a connection to a buy one get one free coupon? Then again, Bush and company is not giving up its secret recipe for denial to protect themselves from all those subpoenas building up on the front lawn of the White House as if they are on vacation from the real America.
Will McCain cut Social Security? He would have to actually gut Social Security to the bone if his plan to balance the budget could even remotely come close to reality. How about Medicaid? Same scenario just a different hunting knife. Then again cutting all them pesky programs that clutter the government might be a good thing if you just say to hell with the National Institute for Health, Center for Disease Control, and of course the Veterans Administration and all them wasteful military hospitals they run. Mind you, he wants to keep our troops in harms way for one hundred years, he just doesn’t want to pay for the wounded.
Maybe we should all just listen to Senator McCain when he says he knows nothing about economics. I sure as hell would not want him balancing my household checking account with all the made up numbers he has in his head when it comes to the federal governments budget. He’s spending dollars that his mouth can not pay for but then again this is politics where dollars grow on trees or should I say the backs of the middle and lower classes. Something John and Cindy McCain have no experience with.
If you follow the Maverick’s vote in the Senate then there has never been a spending bill for the VA that he has ever liked and yet he claims to be a hero for Veterans in the Senate. Feel free to research his votes and every single time a VA funding plan or expanse of funding came up, John McCain voted against the majority of them. Just more bull from the Maverick and with that being said, I need to borrow a shovel to clean up all the McCain bovine by product this post has left on this site.
Papamoka
Technorati Tags:
McCain, Spending, Budget Control, Budget Balancing, McCain Lies, Political Spin by McCain, Karl Rove, White House, Election, President 2009, Politico, Republican Race for President, McCain Spin, Budget Buster, Conservatives against McCain, Straight Talk Derailed, McCain Message, Social Security Threat, Medicaid threat, Iraq, Afghanistan, Military Spending, Federal Budget Cuts, McCain Politics, McCain Spending Plan, Tax Cuts from McCain, McCain Fools Gold, McCain Bull
Over at Politico they have this observation and I happen to think they are right…
“The McCain administration would reserve all savings from victory in the Iraq and Afghanistan operations in the fight against Islamic extremists for reducing the deficit. Since all their costs were financed with deficit spending, all their savings must go to deficit reduction.”
The pledge is a return to an earlier position he'd later backed away from. On April 15, McCain backed off a February pledge to balance the budget in his first term when asked about it by Michael Cooper of The New York Times, who reported that McCain said “at a news conference … that ‘economic conditions are reversed’ and that he would have a balanced budget within eight years.”
McCain advisers admit that the document is a repackaging of previous policies, without dramatic new initiatives. Some Democratic officials had thought McCain might try to make a splash by proposing a bold middle-class tax cut.
Jason Furman, Obama's economic policy director, called McCain's pledge “preposterous." Furman pointed out that the Congressional Budget Office now estimates a 2013 deficit of $443 billion, assuming the Bush tax cuts are extended. And he estimated that McCain would have to cut discretionary spending—including defense—by roughly one-third to bring the budget into the black by then.
"McCain would have to pay for all of his new tax cuts and other proposals and then, on top of that, cut an additional $443 billion from the budget—which is 81 percent of Medicare spending or 78 percent of all discretionary spending outside of defense," Furman said. - Politico
By all of the savings in the Iraq/Afghanistan war does McCain mean to pay off the debt with the $100’s of billions per quarter he is also going to spend on keeping our military in the region for the next one hundred years? Maybe he has an in at KBR for services rendered in the region, or over at Bush and company a connection to a buy one get one free coupon? Then again, Bush and company is not giving up its secret recipe for denial to protect themselves from all those subpoenas building up on the front lawn of the White House as if they are on vacation from the real America.
Will McCain cut Social Security? He would have to actually gut Social Security to the bone if his plan to balance the budget could even remotely come close to reality. How about Medicaid? Same scenario just a different hunting knife. Then again cutting all them pesky programs that clutter the government might be a good thing if you just say to hell with the National Institute for Health, Center for Disease Control, and of course the Veterans Administration and all them wasteful military hospitals they run. Mind you, he wants to keep our troops in harms way for one hundred years, he just doesn’t want to pay for the wounded.
Maybe we should all just listen to Senator McCain when he says he knows nothing about economics. I sure as hell would not want him balancing my household checking account with all the made up numbers he has in his head when it comes to the federal governments budget. He’s spending dollars that his mouth can not pay for but then again this is politics where dollars grow on trees or should I say the backs of the middle and lower classes. Something John and Cindy McCain have no experience with.
If you follow the Maverick’s vote in the Senate then there has never been a spending bill for the VA that he has ever liked and yet he claims to be a hero for Veterans in the Senate. Feel free to research his votes and every single time a VA funding plan or expanse of funding came up, John McCain voted against the majority of them. Just more bull from the Maverick and with that being said, I need to borrow a shovel to clean up all the McCain bovine by product this post has left on this site.
Papamoka
Technorati Tags:
McCain, Spending, Budget Control, Budget Balancing, McCain Lies, Political Spin by McCain, Karl Rove, White House, Election, President 2009, Politico, Republican Race for President, McCain Spin, Budget Buster, Conservatives against McCain, Straight Talk Derailed, McCain Message, Social Security Threat, Medicaid threat, Iraq, Afghanistan, Military Spending, Federal Budget Cuts, McCain Politics, McCain Spending Plan, Tax Cuts from McCain, McCain Fools Gold, McCain Bull
Labels: Budget Balancing, Budget Control, election, Karl Rove, McCain, McCain lies, Political Spin by McCain, Politico, President 2009, Spending, White House
posted by Papamoka at
7:33 PM
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