April 21, 2008

IMPEACH BUSH

IMPEACH CHENEY

MCCAIN'S SMOKE AND MIRRORS ECONOMICS

John McCain has said that he doesn't know much about economics, which certainly isn't unique among Republicans. He's offering up the typical Republican menu of tax cuts for the very rich and vague promises about spending cuts elsewhere. This article by Ryan J. Donmoyer and Indira Lakshmanan is at news.yahoo.com:

McCain's proposal, outlined April 15, would extend President George W. Bush's tax cuts, reduce the top corporate rate, repeal the alternative minimum tax and double exemptions for dependents. Price: $3.3 trillion by the end of a President McCain's second term in 2017, according to figures from his campaign and the Treasury.

The Arizona senator said that would be offset by eliminating pork-barrel spending, freezing a portion of the budget, and saving from Medicare spending. He could cut the budget by $100 billion a year ``in a New York minute,'' he said in a Bloomberg Television interview yesterday.