McCain is promising to cut entitlement programs first in his plan to fix the economy….good news for all conservatives:
“In the long-term, the only way to keep the budget balanced is successful reform of the large spending pressures in Social Security, Medicare, and Medicaid,” the McCain campaign says in a policy paper to be released Monday.
“The McCain administration would reserve all savings from victory in the Iraq and Afghanistan operations in the fight against Islamic extremists for reducing the deficit. Since all their costs were financed with deficit spending, all their savings must go to deficit reduction.”
Obama’s adviser says its preposterous….Shocking!
“McCain would have to pay for all of his new tax cuts and other proposals and then, on top of that, cut an additional $443 billion from the budget—which is 81 percent of Medicare spending or 78 percent of all discretionary spending outside of defense,” Furman said.
But McCain thinks differently:
This Congress and this Administration have failed to meet their responsibilities to manage the government. Government has grown by 60 percent in the last eight years. That is simply inexcusable. When I’m president, I will order a stem to stern review of government, modernize how it does business and save billions of dollars. I will veto every single bill with wasteful spending. We aren’t going to continue mortgaging this country’s future for things Americans don’t want or need.
My opponent has a very different record on this issue. He has sought millions upon millions of dollars in earmarks since his election to the Senate. In 2007 alone, Senator Obama requested nearly $100 million for earmark projects. I have never asked for a single earmark in my entire career. He supported the $300 billion pork laden agricultural subsidy bill. I opposed it. He voted for an energy bill stuffed with give-aways to oil companies at a time of record profits. I voted against it.
Sounds all well and good but McCain may very well not have a veto proof Congress if he wins, and even when Bush had that veto proof backing he couldn’t get the overhaul of Social Security done due to the Democrats. But something needs to be done as Ed Morrissey points out how huge the entitlement problem has become:
In real terms, we have increased entitlement spending by 759% over the last 43 years. In 2007 dollars, we spent $582 billion in 1965, and in 2007 that has transformed into a $2.5 trillion boondoggle. What’s worse, the rate of increase has speeded up. We have added more than a half-trillion dollars over the last five years. It took 43 years to add a half-trillion 2007 dollars to discretionary spending.
While Obama wants to add to the entitlement programs with the big kahuna of entitlements…Socialized health care…at least McCain is talking about reducing it. Whether he can get it done or not is something else entirely.
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