John McCain’s economic speech today contains some good stuff about the budget, the strongest of which is this:
The plan also calls for reforming entitlements, but without details, that is pretty much an empty promise. In the past, McCain has said the way to at least “fix” Social Security was through a bipartisan commission. However, any bipartisan proposal would include payroll tax increases as a solution, meaning that McCain would likely be forced to either do nothing or raise taxes, something that his economic policy adviser Doug Holtz-Eakin would not rule out the last time I had a chance to ask him.
UPDATE: In a just completed McCain campaign conference call, Holz-Eakin reiterated McCain’s support for a bipartisan solution.
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That’s right, the Grinch (Joe Biden) is coming for your pocketbooks this Christmas season with record inflation. Just to recap, here is a list of items that have gone up during his reign.
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