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Lieberman: McCain ‘Favors A Balanced Budget’

By B. Furnas on June 6, 2008 at 3:05 pm

"Lieberman: McCain ‘Favors A Balanced Budget’"

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On Wednesday’s edition of Your World with Neal Cavuto, Sen. Joe Lieberman (I-CT) defended John McCain’s fiscal intentions:

LIEBERMAN:…I think he favors a strong dollar and he favors a balanced budget, but he wants to see all the Bush tax cuts extended.

Watch it:

[flv http://video.thinkprogress.org/2008/06/LiebermanTaxCuts.320.240.flv]

But even if McCain “favors” a balanced budget (just like President Bush does), he clearly favors tax cuts for corporations and wealthy CEOs even more.

McCain not only wants to extend Bush’s tax cuts for the rich, he wants to double them by cutting corporate taxes, creating new loopholes for big business, and ignoring the middle class.

Far from balancing the budget, McCain’s plan would create the largest deficits in 25 years and the largest debt since World War Two.

McCain Deficits

As McCain’s own Chief Economic Advisor Douglas Holtz-Eakin said on deficits: “You have to pay for that somehow or you’re George Bush III.

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