McSame's $3.3 Trillion Tax Cut, Budget Pledge at Odds--would break the bank

[jackson_dem]

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April 18 (Bloomberg) -- John McCain's plan to cut taxes and balance the budget wins praise from fellow Republicans. Economists and nonpartisan analysts say his numbers don't add up.


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McCain's spending cuts, combined with increased revenue from economic growth, total $1.5 trillion over eight years, leaving a $1.8 trillion net increase to the national debt.

``This is really a massive increase in the deficit,'' said Joel Slemrod, an economist specializing in tax policy at the University of Michigan.

Two Washington research groups said McCain's plan would cost more. The Center on Budget and Policy Priorities estimated his tax cuts would total $5 trillion over a two-term presidency. The Tax Policy Center, run jointly by the Brookings Institution and Urban Institute, said they would cost at least $5.7 trillion.

http://www.bloomberg.com/apps/news?pid=20601070&refer=home&sid=aFSl0vU5t7J8

[Warpy]

1. I SO want someone to ask that senile old fool

just how he expects to pay for his 100 years of war halfway around the planet if he doubles Stupid's tax cuts. Bake sales?

That is one question that is guarandamnedteed to make him turn purple and lose it and it's the one question that most needs to be asked.

Don't bet the rent that it ever will be.

[Deja Q]

3. Bake sales would get him nowhere,,, Now hookers tapping their toes in bathroom stalls...

:party:

[Cresent City Kid]

2. Yikes.

And that's WITH increased revenue from recovery? 4 more years of the same policy will lead to recovery?