McCain continued his one liners on the more formal part of his interview with David Letterman on the 'Late Show'.
McCain: We lost the election in 2006 and... one of the reasons is because we let spending get completely out of control.
And how does McCain think he will control spending (and the defecit), if he continues the war in Iraq, makes Bush's income tax cuts for the wealthy permanent, and lowers the corporate tax rate from 35% to 25%? The last measure alone is expected to increase the public defecit in 2009 from $410 billion to $700+ billion. The deficit would be much higher except for the administration accounting practice of using $331 billion Social Security surplus for (2009) to go into general revuene, to offset high federal government spending.
Note: Wizbang Blue is now closed and our authors have moved on. Paul Hooson can now be found at Wizbang Pop!. Please come see him there!