McCain: a Balanced Budget?

July 8, 2008

McCain is focusing more on domestic issues and particularly the economy. He has announced that he will balance the budget and while their is some confusion about whether that would occur during the first term or the second term (which McCain pointedly has declined to speculate about until this moment), I can’t help but wonder how this is possible.

I have thought that this was a critical issue and was disappointed by McCain’s announcement that he would significantly increase defense spending while cutting taxes. This formula was followed by Reagan and resulted in deficit spending, by H. W. Bush and resulted in deficit spending. W. has dogmatically followed the prescription with historic deficits. McCain announced that he will follow Bush’s program, exept greatly expand the factors that lead to the deficit.

Now he’s saying that he will in four or eight years balance the budget. How?