HELLLLLOOOOOO!!!
A Westport Conn voter asked McCain how he plans to
balance the federal budget.
Quote:
“I don’t believe in a static economy,” Mr. McCain said. “I believe that when there’s stimulus for growth, when there’s opportunity, when people keep more of their money — and the government is the least efficient way to spend your money — that economies improve.”
“When Ronald Reagan came to office,” he said, noting that few in the audience were old enough to remember, “we had 10 percent unemployment, 20 percent interest rates, and 10 percent inflation, if I’ve got those numbers right. That was when Ronald Reagan came to office in 1980. And so what did we do? We didn’t raise taxes, and we didn’t cut entitlements. What we did was we cut taxes and we put in governmental reductions in regulations, stimulus to the economy….”
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News flash for you...
the deficit tripled under Reagan. He tripled the debt (from .91 to 2.6 trillion), because his deficits were huge.
Reagan did raise taxes, several times, to prevent his budget deficits from spiraling out of control.
McCain's already reniged on his "no-new-taxes pledge" he said on national television a few weeks ago saying now he may not have meant it.
John McSame is using Ronald Reagan the way Giuliani used 9/11.
It sounds better than “I haven’t the vaguest idea how to reduce deficits.”