Quote:
Originally posted by Jerry Glenn Hartwig:
When it comes to handling the economy, McCain seems (last poll I saw sponsored - I think - by MSNBC) to be favored in that catagory.
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Regardless of what a rather emotional and uneducated public may or may not think about the economy and who's most equipped to handle it I tend to trust the experts a little more...
WASHINGTON (Sept. 13) - Alan Greenspan says the country can't afford tax cuts of the magnitude proposed by Republican presidential contender John McCain — at least not without a corresponding reduction in government spending.
"Unless we cut spending, no," the former Federal Reserve chairman said Friday when asked about McCain's proposed tax cuts, pegged in some estimates at $3.3 trillion.
http://news.aol.com/elections/articl...344x1200526409
The article goes on to point out the disparging amounts of proposed "savings" against the proposed tax reduction.
McCain has repeatedly said that he will pay for the tax reduction by eliminating the oft-touted earmarks.
Sounds good - until you realize that congressional earmark spending is estimated at $17 billion annually. Hardly sufficient to offset $3.3 trillion dollars, is it?