On Monday, after Sen. John McCain (R-AZ) released an economic plan promising to balance the federal budget by 2013, his campaign released a statement signed by 300 economists who were said to “enthusiastically support” the plan. But as Politico reports today, “a good many of those economists don’t actually support the whole of McCain’s economic agenda.” In fact, the statement released by the campaign neglected to mention parts of McCain’s plan that have drawn criticism from many economists:
The statement they signed is 403 words long—and there is no mention of the gas tax holiday or the deficit, which the Congressional Budget Office projects will approach $400 billion this year.
But the Jobs for America plan is a 15-page document that touts a gas tax holiday proposal on the second page and prominently features the promise that “John McCain will balance the budget by the end of his first term” on the fourth page. The press release accompanying the economists’ statement claimed it was “in support of John McCain’s Jobs for America economic plan.”
But some of the economists interviewed by Politico, like the University of Iowa’s William Albrecht, vigorously disagree with these aspects of McCain’s plan. “He’s not going to balance the budget,” Albrecht said. One economist even said he was supporting Obama.