Tumblr Icon RSS Icon

McCain’s 2013 Economy: $780 Billion Deficit

By B. Furnas on May 16, 2008 at 1:30 pm

"McCain’s 2013 Economy: $780 Billion Deficit"


google plus icon

McCain’s “magic carpet ride” speech yesterday asked us to consider America in 2013 in the fourth year of a John McCain presidency.

We did. Here’s what we found:

In 2013, after McCain’s four years of Bush-style fiscal irresponsibility, tax breaks for corporations, and more tax cuts for the wealthy, America would have a $780 billion deficit (4.3% of GDP) and national debt of $8.5 trillion (47% of GDP). That’s over $1.5 trillion more debt than would be accumulated under a continuation of current Bush policies.

McCain Debt

John McCain’s 2013: More of the same, but worse.

NYT Editorial Board ‘Divorced From Reality’ On Taxes

McCain Campaign Attacks Wonk Room, But Offers No ‘Alternative Figures’ On Deficit Projections

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.