Senator John McCain said that, if elected, he would do what other presidents had tried but failed to do: cut government spending sharply enough to reduce the budget deficit while lowering taxes at the same time...unlike Mr. Bush — or other Republican presidential candidates this year — Mr. McCain favors government mandates to halt global warming and slow the growth of Medicare costs. His campaign says it would also cut financing for programs that the White House budget office has deemed ineffective, a list that includes Amtrak.Bingo. Here's a little more.
During his campaign, Mr. McCain has focused much more on spending than on taxes. He has called for the end of earmarks, which are pet projects inserted into spending bills by legislators.There's more to the article, but you get the idea.
They are “a very small part of the budget,” he said, “but so symbolic” — because they prevent politicians from having any credibility when they try to persuade the public about other budget cuts. The campaign has also said Mr. McCain would consider cutting the programs that the White House has identified as ineffective, which together make up 10 percent of the budget.
We're spending way more than we take in. We can stop that the easy way (voluntarily) or the hard way (bankruptcy). McCain's the only one left talking about doing it the easy way.