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Originally Posted by One Thousand
I don't think so. He's just going to go back to what he and Greenspan were saying when it was being discussed: Spending must be cut to support it.
Listen, everything the Dems claim about McCain gets squashed because a ten year old clip surfaces with McCain explaining the apparent contradiction and then everyone starts to get suspicious.
I think a different Republican would be beat this year by any Dem. However, McCain isn't a normal Republican. He's an economic conservative and the thought of fixing the enormous debt while keeping taxes where they're at is going to be impossible to ignore... and the fact that McCain never took pork demonstrates he's part of the solution-- unlike the pork by BO and HC and their desire to skip fixing everything to implement more beauracracy in the form of health care.
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There's a lot that will be difficult to ignore, some of us are paying attention.
"Perhaps one shouldn't expect candidates' numbers to add up. Tally up Clinton and Obama's expenditures on health care and tax cuts and you will find that they both spend more than they raise. But McCain's numbers are out of whack by orders of magnitude beyond those of either Democratic candidate. Here's the gist of it: Despite his earlier opposition, he now wants to make the Bush tax cuts permanent. Price tag: more than $2 trillion over 10 years. He wants to repeal the alternative minimum tax. Price tag: "up to $2 trillion" according to the Center on Budget and Policy Priorities (CBPP). He wants to keep the war going ad infinitum, at a cost of between $100 billion and $150 billion per year, according to CBO estimates.
Then there is his health-care plan, which ends the employer tax exemption for the cost of covering employees, and uses the proceeds to subsidize the purchase of health coverage in the private market. The costly part has to do with the poor, the old, and the sick. As health economist Jon Gruber noted, "his plan will require huge subsidies he's not talking about."
Jared Bernstein | March 17, 2008 |