McCain econ adviser: McCain’s tax plan ‘will make deficits expand.’
By on Mar 22nd, 2008 at 5:27 pm
McCain econ adviser: McCain’s tax plan ‘will make deficits expand.’
On Friday, Center for American Progress Action Fund Senior Fellow Robert Gordon and Domestic Policy Advisor James Kvaal released a report detailing how Sen. John McCain’s (R-AZ) tax plan costs more than $2 trillion in the first decade by doubling the Bush tax cuts. One of McCain’s economic advisers, former CBO Director Douglas Holtz-Eakin, responded to the report yesterday, as well as CAPAF criticism of McCain’s health plan. Holtz-Eakin concedes that McCain’s tax plan “will make deficits expand up front,” but argues that “voters should wait” before “passing judgment” on McCain’s plan.
Gordon, Kvaal, and CAPAF Senior Fellow Jeanne Lambrew respond to Holtz-Eakin at the Wonk Room.
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Because Bush Fiscal responsibility is a good thing…
.
March 22nd, 2008 at 5:43 pmHis advisor wants us to believe that such a plan would make the deficit a little worse before it gets to be a lot better.
Fat chance.
March 22nd, 2008 at 5:49 pmMcCain on the economy would be as efficient as an Oven Chip
March 22nd, 2008 at 5:56 pmNotice McCain has to sneak into European countrieswithout any notice , otherwise he would be Booed out the country so fast
a man who supports torture
a man who supports 100 year war
a man who wants more war
EH OH NUT CASE
March 22nd, 2008 at 5:58 pmWith more tax cuts and more war on mccain’s plan, our country will be bancrupted before his first term is completed. Then, there will be riots in the streets, the military will be in chaos, and the only answer will be a coup by mccain that is supported by blackwater.
March 22nd, 2008 at 6:04 pmMcCain is toast. Americans don’t want huge deficits to feed tax cuts for the wealthy. But McCain’s greedy base of plutocrats will force him to promise it.
March 22nd, 2008 at 6:09 pm5. military will be in chaos
The number 1 job of the military is to protect the government in power from its own people
That means they the US troops WILL kill and destroy property of the people of the United states to stop any revolution
external wars are created to have troops,
March 22nd, 2008 at 6:13 pmThey want the voters to wait long enough for them to put our tax dollars in their pockets.
March 22nd, 2008 at 6:14 pmBearCountry
March 22nd, 2008 at 6:15 pmSame 10 year old crap we have come to expect from you……flagged.
All of this is designed to make the Apocolypse a welcome event!
March 22nd, 2008 at 6:19 pm7 trillion of the 9 trillion deficit was caused by Republican fear factor. Hide and Watch, McCain will say we need to spend this money to defeat Al Qaeda. Meanwhile Bush is saying that the war in Iraq is creating jobs [we know this to be broken window theory to be false, jobs have fallen, the dollar is devalued, prices are rising, High fuel prices are creating layoffs]
Yet good_golly will come around and support more of the same because good_golly doesnt think in terms of America as all for one, but Republicans versus Democrats. And a win for its team is a win no matter the consequences.
Its like choking yourself with both hands while being spoon fed caviar.
March 22nd, 2008 at 6:24 pmX, those people think corporations are America, not people.
March 22nd, 2008 at 6:30 pmWhen it comes to anything but war mongering, McInsane doesn’t have a clue. We saw where being a moron in fiscal accountability has gotten us. We certainly don’t need another 4 years of failed economic policy. Just look at our economic markets right now. Do you want “four more years”? If you vote for McTorture, this country will not be recognizable in 4 years.
March 22nd, 2008 at 6:36 pmThe ones who think corporations are America are the true fascists. Bush, Cheney, Wolfy, and the entire cadre of crooks known as PNAC for starters. They’re all dyed-in-the-wool fascists.
March 22nd, 2008 at 6:37 pmAnd from where I sit McCrazy looks like a fascist himself. He criticizes the very group whom he takes money from and who have him in their pocket. This is the worst kind of fraud…the hypocritical fraud.
March 22nd, 2008 at 6:38 pmX, those people think corporations are America, not people.-=Fred=-
I agree. They also tend to think they are in the 1% class and they are not, ergo they vote against their interests.
March 22nd, 2008 at 6:38 pm…”McCain’s tax plan “will make deficits expand up front,” but argues that “voters should wait” before “passing judgment” on McCain’s plan.”
= Just trust us.
No thanks, we’ve all had quite enough of this style of gov.t
March 22nd, 2008 at 6:42 pmCorporations cannot vote, so it stands to reason they should not be able to lobby congress.
March 22nd, 2008 at 6:43 pmHoltz-Eakin concedes that McCain’s tax plan “will make deficits expand up front,” but argues that “voters should wait” before “passing judgment” on McCain’s plan.
Wait? For what?
Sheesh…
March 22nd, 2008 at 7:09 pmHillary’s bald-faced lies.
You won’t see them on TP.
March 22nd, 2008 at 7:11 pmMcCain is getting a free ride for now because the Dems are so unsettled. Once Clinton drops out and Obama can go after McCain, McCain will be lost.
March 22nd, 2008 at 7:22 pmMcCain’s economic plan, his war strategy, his continued tax cuts, and more will assure his defeat in November. The press will have to be prodded to do their job.
Someone can correct me but I think corporations have been granted rights as persons.
March 22nd, 2008 at 7:25 pmWe are living on borrowed money and headed for a government collapse–these cuts would seal our fate. These folks aren’t just crooks–they’re insane!
March 22nd, 2008 at 7:29 pmGeez…some $429 BILLION/yr. in interest on the national debt. What’s a few more billion?
3rd largest expense in the Federal budget, apparently. Between this and military expenses, we’ll undercut ever other need and issue in the country more and more.
Makes sense.
I think he’s off his medication again.
March 22nd, 2008 at 7:30 pmZooey Says:
March 22nd, 2008 at 7:09 pm
Holtz-Eakin concedes that McCain’s tax plan “will make deficits expand up front,” but argues that “voters should wait” before “passing judgment” on McCain’s plan.
Wait? For what?
Sheesh…
Wait until after he’s elected, d’oh.
Someone on the McCain team figured out that any fifth-grader would be able to see the problem with their “plan.” Rather than admit that it’s a stupid “plan” that will never work, they’re spinning this while hoping for some shiny lures to crop up. And, of course, no one in the media is going to ask McCain any hard questions about the “plan” so most voters will never realize they’re headed for the drain.
March 22nd, 2008 at 7:35 pmHaven’t the Bushies been asking for “6 more months” before we pass judgement since the war began?
March 22nd, 2008 at 7:41 pm2 trillion dollars deficit resulting from tax cuts even before McWar starts his forever wars for so many years to come.
He said:”My dear friends,there will be more wars to come”.
McCain is not concerned about how many years American troops might stay stay in Iraq, 100 years will be fine with him.
That’s what America does not need now.
March 22nd, 2008 at 7:49 pmMcCrazy has a long term 5 year deficit reduction plan…he wants to put the printing presses on three shifts while expanding the number to 10,000 KBR vendors and print money faster than McBush can send it to the 1% filthy rich. In Republican speak this is defined as fair or ‘Republican fair’. If the presses can exceed the money shoveled to the rich the excess can help balance the Federal budget.
March 22nd, 2008 at 8:07 pmSomeone can correct me but I think corporations have been granted rights as persons.
Certain rights
March 22nd, 2008 at 9:01 pmhttp://www.uuworld.org/2003/03/feature1a.html
As far as I know a Corporation does not have a social security number or a drivers license. They have no heart or a heartbeat, they dont have a pulse and they cannot breathe. They cannot think independently nor did a woman give birth to them. Yes, they have been given certain rights of free speech and of the fourth amendment, but this does not make them people.
Well, if you increase the deficit artifically it makes it easy to appear to reduce it. It financial Friedman units.
March 22nd, 2008 at 9:10 pmI can hear it now. over and over: The deficits are working, the deficits are working…
March 22nd, 2008 at 9:11 pmZep,
The 14th Amendment to the Constitution, is where corporate personhood came from. Here’s a discussion on the Wiki.
March 22nd, 2008 at 9:18 pmThanks for the link Zooey.
But,to me, personhood is not a person. Its like saying my computer is a person.
March 22nd, 2008 at 9:25 pmThe Fourteenth Amendment to the United States Constitution (Amendment XIV) is one of the post-Civil War amendments (known as the Reconstruction Amendments), first intended to secure rights for former slaves.
Corporations are not former slaves. =P
March 22nd, 2008 at 9:28 pmYou’re making too much sense, Zep. :)
March 22nd, 2008 at 9:29 pmSo, are we to someday elect Exxon to the office of President?
March 22nd, 2008 at 9:29 pmYou’re making too much sense, Zep. :) -Zooey
Damn me. =P
March 22nd, 2008 at 9:30 pmXisithrus Says:
March 22nd, 2008 at 9:29 pm
So, are we to someday elect Exxon to the office of President?
Bush/Cheney wet dream…
March 22nd, 2008 at 9:33 pmBush/Cheney wet dream…-Z
I just knewwwww that wuz coming. Heh.
March 22nd, 2008 at 9:34 pmOMG, I’m becoming predictable.
Noooooooo!!!!!
March 22nd, 2008 at 9:36 pmWell, Zooey, if it wasnt you it would have been someone else. The fact you did it first..genius!!
March 22nd, 2008 at 9:38 pmEnnyHooo, could the world imagine a one world congress and voting for Dr.Pepper or Coke, Wendys or McDonalds?
March 22nd, 2008 at 9:40 pmI’m glad the standards for genius are simply….being first. :D
March 22nd, 2008 at 9:42 pmI’m glad the standards for genius are simply….being first. :D
Hey, Einsteins theory of relativity were a first. =)
Werent they? =P
March 22nd, 2008 at 9:43 pmI don’t understand the theory, but I do understand the title. :)
March 22nd, 2008 at 9:46 pmI don’t understand the theory, but I do understand the title. :)-Zooey
Hey, I aint from backwoods Arkansas or Britain!! Heh.
March 22nd, 2008 at 9:50 pmAnyway, the expansion of the deficit is working folks, just another six months and you’ll see!!
March 22nd, 2008 at 9:59 pmBasically, Mc wants to ride the wave of being popular by enacting a lot of tax cuts, at the expense of the international deficit. He trusts in what has trusted Bushie: the popularity of the USA is enough for receiving credit after credit from foreing countries. Mc thinks that they will not ask the repayment of the credit, or that, if they ask it, he can dance away of the issue by using the “you’re with me or against me”. Well, let me say that maybe the UE will play along, not willing to anger the USA, but don’t expect the same tipe of attitude from China, or Russia.
Then, the USA will be in real, deep doo doo.
March 22nd, 2008 at 10:28 pmThe Masters of McCain, Lieberman, Hillary, and to a lesser extent, Obama.
http://judicial-inc.biz/83your_future_president.htm
March 22nd, 2008 at 10:57 pmThe big plan is to screw us even further than the Bush/PNAC plan. Wake up!
March 22nd, 2008 at 11:15 pmI fu(king Cheney and McCain both die before the election. Cholesterol and Cancer can be good things!
March 22nd, 2008 at 11:18 pmsorry, left out “hope”.
March 22nd, 2008 at 11:18 pm#29 Xisithrus Says:
March 22nd, 2008 at 9:01 pm
Don’t misunderstand — I don’t think corporations should be on par with personhood; someone will have to explain to me the logic behind that decree. I was pointing out that they are afforded certain rights under the law.
March 22nd, 2008 at 11:35 pmMarie Says:
March 22nd, 2008 at 11:35 pm
Don’t misunderstand — I don’t think corporations should be on par with personhood; someone will have to explain to me the logic behind that decree
There is no “real” logic in my view. So nothing to explain. It is a pure set up for power grabbing. Just as with BushCo,, nothing they do is based in logic and reason other than “the ends justifies the means” to allow them to railroad through what they want.
March 23rd, 2008 at 2:39 amThe rip off comes when America changes its currency to the Amero
look up Amero
March 23rd, 2008 at 7:03 am“concedes that McCain’s tax plan “will make deficits expand up front,” but argues that “voters should wait” before “passing judgment” on McCain’s plan.”
Until after the election? Nope.
Until after the deficits have expanded enough that we are all (more) broke (or as Bush would say broker).
March 23rd, 2008 at 7:49 amAny candidate who doesn’t propose a credible and fairly specific approach to balancing the budget that begins on Day #1, wants to govern La La Land in my humble opinion.
March 23rd, 2008 at 12:21 pmI’m missing something here:
Most candidates, before the election, promise that they are going to halt the deficit, lower taxes, and get us out of war.
What does it mean when your own economic advisor, pre-election, announce that you’re going to raise taxes, escalate the war, and increase the deficit ?
March 23rd, 2008 at 8:58 pm