Wednesday, August 6, 2008

McCain’s Plan Increases Debt without Benefits


A funny thing appeared in Bloomberg news:

McCain said that if elected president he would tap former U.S. Comptroller David Walker to help balance the federal budget, calling the deficit hawk someone who could help convey the "truth'' to the public. According to Walker, neither McCain nor Democratic rival Barack Obama has made deficit reduction a priority. McCain's tax cuts alone would increase the debt by $5 trillion by 2018, compared with $3.4 trillion for Obama, according to the Tax Policy Center, a nonpartisan group.


It’s interesting to note that Obama’s plan would put in place universal health coverage, adjustments to Social Security and tax breaks to help the middle class. McCain’s plan continues to reduce taxes on corporations and increases the public dependence on the benevolence of business for lower prices and needed health care.
McCain said, “We've got to stop handing off these burdens to the next generation of Americans. It's not America. It's some kind of selfishness that I don't believe Americans know we are practicing.''


No John, we already know you’re practicing “some kind of selfishness,” don’t sell us short. We’re really not that stupid.

But this selfishness is part of the ultimate conservative policy of keeping more of their hard earned money.

This sets the frame for McCain’s proposals to do away with Social Security as we know it, and the near total reduction of Medicare into health savings accounts. Republicans think these social safety nets are a waste of their money, and must be done away with because they provide too much help, over promised assistance.

That would be the kind of assistance they need but can’t provide for themselves. Assistance they won’t get once the safety nets are pulled away. I don’t even want to think of the suffering and human toll that would produce.

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