POLITICS
06/19/2008 05:12 am ET Updated May 25, 2011

Forbes: McCain Will Cut Defense Spending To Cover Corporate Tax Cuts

The problem with campaigns is they can only voice oversimplified soundbites. Today's challenges are serious and require long-term solutions. Both candidates need to tap thoughtful private-sector sources like CEOs. What's required is new thinking and brave policies....

McCain's top economic adviser, Doug Holtz-Eakin, blithely supposes that cuts in defense spending could make up for reducing the corporate tax rate from 35% to 25% and the subsequent shrinkage in federal revenues. Get that? The national security candidate wants to cut spending on our national security. Wait until the generals and the admirals hear that.

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