Thursday, April 10, 2008

John McCain, Still Whack for America

Westport, Connecticut

"When Senator John McCain was asked here this afternoon how he plans to balance the budget, he said that he hoped to do so by stimulating economic growth – and approvingly cited the example of President Ronald Reagan.

There was one thing he did not mention during his response: the deficit nearly tripled during the Reagan presidency, partly due to tax cuts and increases in military spending."

"A member of the audience stood up and asked Mr. McCain, who has called for balanced budgets, how he plans to do it.

'Basically, which is it?' the man asked Mr. McCain. 'Straight talk: Do you want to raise taxes, cut entitlement spending, cut defense spending, or have a deficit?'

Mr. McCain did not explain how he plans to balance the budget, but spoke generally about hoping to stimulate the economy – and cited President Reagan."

Reaganomics is called "Voodoo Economics" for a reason, it doesn't actually work.

NY Times

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