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.
...Ultimately, said Stan Collender, a former analyst for the House and Senate budget committees, it would take substantial cuts to Medicare and Social Security to balance the budget with the tax cuts McCain is proposing.
Even then, "there's no way McCain could balance it by the time he leaves, unless he doesn't leave for 25 years," Collender said.
Friday, April 18, 2008
McCain's economic plan a sham
John McCain is once again demonstrating that he doesn't understand basic economics:
