Economics Blog :: John S. Irons

Visit ArgMax Economics Weblog

WaPo takes on McCain's Fantasy Math

Posted on July 14, 2008

As I was saying, the McCain plan is not so much a plan as a rhetorical fog. I can understand setting a deficit reduction goal, but a plan should articulate how you get there under reasonable assumptions. Here's the Post editorial.McCain Math - washingtonpost.comSEN. JOHN McCain says that President McCain would balance the federal budget by 2013. The plan is not credible. The Congressional Budget Office projects a deficit of $443 billion in 2013 if President Bush's tax cuts are extended, as Mr. McCain wants, and the alternative minimum tax is merely patched to make certain it does not hit gro...

Original article link


alternative minimum , budget , deficit , tax