The No. 1 issue today is the economy. Sen. McCain straightforwardly said he is not up on economics. When Congress wanted to give the economy a boost by giving $300 to $1,200 back to taxpayers, Sen. McCain said maybe it would be better to instead give a corporate tax cut to stimulate the economy.
Then, when he gave his future economic goals speech last month, he said that he would grow the economy to increase revenue. Details? Not at this time.
Maybe McCain doesn't know it, but the next president, upon taking office, will face an interest payment on the national debt of $1 billion a day. This is interest only, and does not include principal.
Thanks to President Bush, the national debt has increased during his 7 1/2 years in office from $4.98 trillion to $9.86 trillion. If the Afghanistan and Iraqi wars continue after Jan. 20, 2009, that interest payment will increase daily. Remember this is the first war we have financed by borrowing money.
Do you think McCain can handle our economic problems?
No comments:
Post a Comment