McCain: I'll Cut Deficits Like Reagan (Who Tripled The Deficit)

"When Senator John McCain was asked here this afternoon how he plans to balance the budget, he said that he hoped to do so by stimulating economic growth - and approvingly cited the example of President Ronald Reagan," the New York Times reports.

"There was one thing he did not mention during his response: the deficit nearly tripled during the Reagan presidency, partly due to tax cuts and increases in military spending."

The exchange occurred at a town-hall-style meeting held in a tent outside Bridgewater Associates, an investment firm. A member of the audience stood up and asked Mr. McCain, who has called for balanced budgets, how he plans to do it.

"Basically, which is it?" the man asked Mr. McCain. "Straight talk: Do you want to raise taxes, cut entitlement spending, cut defense spending, or have a deficit?"

Mr. McCain did not explain how he plans to balance the budget, but spoke generally about hoping to stimulate the economy - and cited President Reagan.

Read more here.

Comments

[nibblybits]

This man is so ignorant about the economy, it's scary. A return to Reagan? You mean stagflation, trickle-down theory, voodoo economics and the Laffer curve? Deficit spending until we are crippled? Honestly, is this the best Repubs could come up with?

[gcallaghan]

Only true wingnuts or those who want to destroy America from within could hear mccain and then vote for him

[majorthemoderate]

Hahaha. Thats just a funny headline. I love how Huffpost calls McCain out on EVERYTHING!

[JJI]

Somebody has to.

[dora rice]

McCaine has no clue of economics. His rich father-in-law footed the comfort in his life. His wife just opened the financial gates to her fortune for McCaine to shine in his sad political quest for the White House. For the few years he has left , at the most another 4, they should go and relax on a Dude Ranch in Arizona , and ponder , how to spend their wealth on something satisfying before they die.

[JohnFromCensornati]

Honesty is the best policy.

[zendem1]

The senator also pointed out that Saddham was a very bad man, the surge is working, Obama and Clinton are reckless, and Yankee doodle went to town riding on his pony.

[iPolitics]

McCain is either lying or senile. Or both.

[Sumocat]

C'mon, this could be the most credible thing he's said in the campaign. I totally believe him when he says he will cut the deficit as Reagan did... by increasing it.

[Grunty1]

Yet another example of how McCain will follow in Bush's lead, he wants to triple our debt, AGAIN.