Friday, April 18, 2008

McCain's $3.3 Trillion Tax Cut at Odds With Balanced Budget Pledge

Bloomberg.com: News: "By Ryan J. Donmoyer and Matthew Benjamin"
"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."

Typical neocon Republican. Run up deficits, let the next generation pay for the results. They love the economic arguments that support tax cuts, but ignore the parts that talk about the parallel spending reductions. They, like most Americans, don't realize/admit that the debt they create is a tax. It creates inflation, and inflation is a tax. Their characterization of liberals/Democrats as tax/spenders is a complete lie.

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