thinkprogress.org - 8/18/2008
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Sen. John McCain promises that, as president, he would “cut taxes and balance the budget.” But his current economic plan would create deficits as deep as 5.7% of GDP by the end of a two term presidency — the highest federal budget deficit in 25 years — and would accumulate the biggest debt since the second World War, according to a new analysis by the Center for American Progress Action Fund. ...
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The McCains' Mansions
News Hounds —
... John McCain is soaring to new heights of hypocrisy on his wife's personal jet. He flies around the country bent on duping the public into believing he's "one of them," a regular guy who can empathize with Americans facing an overwhelming economic crush. What's more, he disparages those who oppose his ridiculous policy proposals as "elitist." But who's the real elitist? ...
ZP Heller: McCain's Too Out of Touch to Realize He's Out of Touch
Politics on HuffingtonPost.com —
... and economic plans that would create the biggest debt our country has had since WWII. He's too busy being out of touch, making not-too-funny jokes about what it means to be "rich," which he defined at Saturday's Saddleback Church forum as having ...
The McCain Budget
Matthew Yglesias —
... , which would be the largest deficit in 25 years.” You should probably treat the bailout money as additions to the debt that occurred via immaculate conception and don’t count as part of any given year’s budget deficit. Still, even accounting in that manner you need to put the interests payments on the increased debt as part of the deficit ledger. Long story short — you couldn’t possibly do what McCain is proposing to do, the cuts in discretionary spending would be incredibly large. ...
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