McCain’s Economic Advisor: More Taxes?
A CNN Money article on the candidates’ advisors quotes McCain’s economic advisor Douglas Holtz-Eakin saying (as I read it) that we’re really going to have to raise taxes:
The country’s "current fiscal policy is unsustainable, as even draconian restraint in the annual spending on defense and nondefense programs are insufficient to guarantee that the current level of taxation will be sufficient to cover promises to seniors in retirement and health programs."
As my fifteen-year-old daughter would say, “no duh.”
Okay, it’s actually a quote from a policy paper where he recommends that we need to—wait for it—cut taxes. I guess the Straight-Talk Express isn’t really about keeping promises.
Related posts:
- Republicans on Entitlements: Don’t Cut Benefits, Don’t Raise Taxes. Hmmm.
- Bush/McCain Economic Advisor Sez: Raise Taxes
- Two Thirds of Tea Partiers Want to Raise Taxes on the Well-To-Do
- David Stockman on Starving the Beast: “It doesn’t work. Game over.”
- Is the Social Security Trust Fund a Liberal Own-Goal?