« Hannity vs Hannity |
Main
| An Unhappy Clinton Omen »
24 Mar 2008 04:33 pm
McCain: Let's Add $4 Trillion More To The Debt
Hilzoy questions McCain's tax cuts:
The Gordon/Kvaal report estimates the cost of these changes at $2.17 trillion dollars over ten years. They think their estimates are conservative: for instance, they do not count increased spending on debt service. The Wall Street Journal, everyone's favorite bastion of radical leftism, writes: "In all, his tax-cutting proposals could cost about $400 billion a year, according to estimates of the impact of different tax cuts by CBO and the McCain campaign." That would make the cost over ten years $4 trillion. [...]
Let's pretend that McCain's advisor is right, and earmarks really do
cost $60 billion a year. And let's ignore the fact that some of those
underperforming programs might actually be useful programs that should
be reformed, not eliminated. The problem is: that still leaves $130
billion a year to make up, if you accept the Gordon/Kvaal report's
figures, or about $320 billion a year, if you accept the WSJ's.
And that's without taking into account the costs of paying for that
hundred year war McCain keeps talking about, rebuilding the army,
paying for veterans' health care, or anything else we might take it
into our heads to do.
Share This
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d83451c45669e200e5518505bc8834
Listed below are links to weblogs that reference 'McCain: Let's Add $4 Trillion More To The Debt'
