John McCain on the stump is proposing $650 million a year in tax cuts, a move that would either swell the federal deficit or lead to drastic cuts in domestic spending, according to a Wall Street Journal article.
McCain’s tax cut plan, “much of it benefiting corporations and upper-income families,†also would make permanent the Bush tax cuts (in a former life as a deficit hawk, he voted against them twice).
McCain says he would cut $160 billion annually from the federal budget to pay for the revenue loss, but few believe that’s possible — the figure is equal to the total 2007 expenditures of the departments of Education, Energy, Homeland Security, Justice and State.
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John McCain on the stump is proposing $650 million a year in tax cuts,
That would be billion, not million Mr. Scholfield. :)
Just what we need, another ‘double down’ on the deficit, Republican scheme to tax cut the rich to prosperity for all!
If fairness to McCain, who was against the bush cuts before he was for them, he most likely has just forgotten that he ever opposed them!
A very bad idea from a candidate and a party with nothing but bad ideas. If the sheeple are dumb enough to believe that robbing from future generations is a good idea, well, they will get what they deserve; their kids and grandkids definitely won’t, however.
Deficits DO matter.
We’ve been calling him McBush, and he seems to relish the slight, regardless of the fact his name sake has a remarkable 69% disapproval, the highest since the poll was begun.
What I’m seeing here is the fact Republicans live in a collective box: if they are left on their own, rather than the collective, they would probably become Democrats. That is where true Democrats are at a disadvantage: we tend to be able to think for ourselves, and that can lead to divisiveness, as witnessed by the Clinton/Obama race.
We really have to work together on this election, because if we don’t, we got four more years of bushtics. And look where that got us: Maybe 29% approval rating, if some were not able to respond, undecided.
That’s 69% disapproval rating! That means most of the Republicans can’t stand their own man. My guess is the 29%er’s would follow bush off a cliff, if he asked em to. Ridiculous.
O, gee, did I get off track? Hey, it’s early. But on track: I guess the rich need the tax break to pay those excessive gas prices . . . O, and the more expensive food prices to pay for the increase in corn, so it can be fed to automobiles, instead of hungry people . . . O, and don’t forget them corporations; they neeeeeeeed breaks, ’cause they got such a wonderful track record on public safety and public confidence.
“McCain’s tax cut plan, “much of it benefiting corporations and upper-income families,”
Hey old John?
J R sings…
Ya say ya want a revolution?
If the Democrats are referred to as “Tax and Spend” what does this make John Mc Cain “Cut and Spend”?
It is looking more and more like we already have three major parties, the Republicans, the Democrats and the Paris Hilton financial fan club! John it sure sounds like it is time for mommy to take away the credit card…
W-D – the term “Borrow and spend” fits the GOP well.
After the last two elections, does anyone think Bushco and their fellow Republicans won’t move heaven and earth (and Diebold) to “win” this election, too?
Talk about short term memory problems…
Krugman on McCain’s Tax cuts:
http://www.nytimes.com/2008/04/28/opinion/28krugman.html?_r=1&hp&oref=slogin
Bush Made Permanent – catchy, no?
GASP!!!!!
Cut domestic spending??? HEAVEN FORBID!!!!
I notice that it is okay to bad mouth how much is spent on the war or how much is spent on DOD. How about we talk about how much is spent on the so called “entitlements”.
How many people are out there on guvment assistance who have contributed absolutely nothing to this country and have done nothing but take because the Dems have told them that they are “entitled” to it. Since when???
Most have probably paid near zero in taxes, have not contributed to this country other than having sex and making babies. Oh yeah, that something that they should be paid for accomplishing.
Tell me it’s not true – people are having sex! GASP!
Wouldn’t it be nice if all who are so afraid of sex would just get laid!??
It’s amazing. The more programs they come up with the less they have to keep and eye on it. In the state I live there is a new property tax exemption that is available. A low income property can get this exemption IF the keep the low income designation for the next 60 years.
My question is WHO is suppose to keep and eye on these. We can’t even keep an eye on the people that we are already doling out BILLIONS of dollars to in so called “entitlements” and keeping tabs that they ARE entitled.
Whats the point of setting up regulations if there is no one to make sure that the regulations are being followed. And this goes for ALL programs, whether started by dem or repub. The fiasco with the DOD credit cards is a perfect example. And before you start running your usual bush bash, believe I don’t think it is limited to just the DOD, I have no doubt that there are plenty of the entitlement programs that are being misused to a tune of much much more loss.
Stop all new programs until we can get a handle AND enforcement on the ones we have now.
Wouldn’t it be nice, that a hard working, tax paying person, didn’t have to pay for other’s unprotected sex???
I’ve got no problem whatsoever with people having sex. I just shouldn’t have to pay for it. If you can make the “mature” decision to spread your legs, then you can pay for it, why should I?
It appears that republican band wagon is still heading downhill. Crash and burn.
“Wouldn’t it be nice if all who are so afraid of sex would just get laid!??”
heh heh heh heh hehehehehehehhe!
from your lips to god’s ears….
Hmmmmm. I can see the post election spin coming now.
When obama loses to mcsame, it will be diebold’s fault, Hillary’s fault, Wright’s fault, racism’s fault…
Everyone’s fault but obama’s.
That wont serve him or his party well in 2012.
McCain’s tax cuts will balance the budget just like George Bush’s tax cuts led to a budget surplus. Republicans are counting on voters being dumb enough to not figure out the math.
“Republicans are counting on voters being dumb enough to not figure out the math.”
That must explain why democrats do not acknowledge that President Clinton increased the national debt 1.5 trillion (count them) dollars under his watch.
Thanks Amway, I wasn’t aware that Bush and McCain’s figures can be blamed on Clinton. I see that you will be voting Republican this year.
Libs couldn’t care less about the Deficit or the Debt.
It’s only an issue for 8 more months. After Clinton is elected, the Deficit/Debt will not make the news at all, because there’s no way to advance their Socialist cause without out-of-control spending. The Libs won’t be able to raise taxes fast enough to pay for all of their wet-dream promises.
“Thanks Amway, I wasn’t aware that Bush and McCain’s figures can be blamed on Clinton”
Well now you know:
National Debt the day Clinton took office:
4,174,218,594,232.91
National Debt the day Clinton left Office:
5,727,776,738,304.64
1.6 trillion (count them) dollars
http://www.treasurydirect.gov
But you confirm my point: You were either too dumb (your words) to figure out the math when Clinton was president: Or the debt didn’t matter as long as a democrat was in office – spending more money and ringing up more debt.
” I see that you will be voting Republican this year.”
Because I am critical of your party does not make me a republican. I am an equal opportunity critizer.
Amway, how does that make McCain math add up?
RE: “out-of-control spending”
Sounds like the agenda for the last 8 years!
“Sounds like the agenda for the last 8 years!”
Agreed! Not to mention this past year under the democratic controlled congress.
All our politicians seem to like to write checks with insufficient funds.
Anyone notice the price of oil since the Democrats took over?
And Pelosi PROMISED to do something about gas prices!
Clinton era 1.6 tril., will come in what, about 25% of the bush jr. era? Not even considering the state of the economy when clinton left office vs. when bush leaves.
AmWay – the increase in debt during Clinton’s terms was LESS than the accrued interest on the debt that he inherited from Reagan-Bush.
Don’t fret gas prices, McCains gas tax holday will net the average driver $28 bucks over the summer (an extra 7 or 8 gal. of petro!) at the expense of the nations bridges and roads.
But look at the bright side Phantom! With roads and bridges in worse disrepair maybe people will drive less. It’s a win-win!
Look it’s simple: Take out social security and medicare, and military spending, and what’s left really ain’t much in comparison. Saying you can get out of this whole by cutting domestic spending is like thinking you can use the coins in your spare change jar to buy a Mercedes.
And deliberately creating deficits to force spending cuts is like blowing all your money on booze so you don’t have to pay the rent.
“Amway, how does that make McCain math add up?”
It doesn’t. I won’t try to defend against McClame continuing the path of madness and destruction.
I was only trying to point out that this isn’t just a Republican/Democrat thing.
BOTH OUR MAJOR PARTIES HAVE PLANS TO FURTHER THE NATIONAL DEBT. McClame, by furthing tax cuts (which I haven’t seen yet to verify), and decreased domestic spending. Obama/Clinton by increased taxes and increased entitlements.
There really is only two ways to reduce the deficit or the rate at which it is increasing:
Cut spending
Increase revenue
Not sure further tax cuts will increase revenue (as claimed by Bush II). I also am not excited about new tax cuts for corporations. But I am sure new entitlements will result in more deficit spending.
I have always said that the expiring Bush Tax Cuts benefit MORE than just the rich, and letting them expire will hurt many of us regular folk. Careful examination of the individual items, would allow only those to expire which don’t impact middle class/working people.
Even if you took every penny of the top 5% of wage earners, and left them penniless, it wouldn’t be enough to resolve the debt issue.
So something has to give. But that is only if you really DO want to address the national debt, and it’s not just a trendy issue for democrats.
Denial that both parties are responsible, is how they get away with it repeatedly.
We have to get mad like on immigration issue.
BTW, there isn’t enough gold in reserve on the planet to equal our present debt.
But hey! We Americans must like living in debt. Average credit card outstanding balance is over $6K.
Something has to give.
25 bucks for me.. millions for FedEx… nice deal… for SOME!!!!
If the Repubs. give you a kernel, you can bet the rich will get a bushell.
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