What McCain doesn't seem to understand....

[redstate_democrat]

is that if you CUT corporate taxes, keep the Bush tax cuts, cut capital gains taxes, and continue to give tax cuts to businesses who ship jobs overseas, the federal government will go broke due to a lack of revenue.

He doesn't seem to understand that the federal government runs on money, not fairy POW dust.

He doesn't seem to understand that if spending doesn't match revenues, then we have budget deficits and we have to borrow money from China.

He doesn't understand that if we have to borrow money from China we have to eventually pay that money back with interest.

He doesn't seem to understand that if we do this, we drive the value of the dollar down and create inflation.

He doesn't seem to understand that we CAN'T freeze government spending on everything except the defense department, veterans affairs and "entitlement" programs because our entire economy will go into a tailspin. The federal government is the largest employer in the country. Many businesses depend on federal spending to maintain themselves. Our infrastructure projects depend on government spending. Millions of employees, private and public, depend on government spending.

He doesn't seem to understand that you can't cut taxes and borrow money at interest to keep a government going.

He doesn't seem to understand that cutting out all earmarks is only a drop in the bucket regarding government spending,

He doesn't understand that the middle class keeps the economy going with its purchasing power and availability to get credit. He doesn't understand that if people don't have jobs, if their incomes flatline, they can't participate in the "global economy".

He doesn't understand basic mathematics!

[kestrel91316]

1. Yes he does. He's a Republican. Their goal is to bankrupt the country,

monkey wrench its remains, and drown it in a bathtub.

[JimWis]

2. Excellent post. Some lines for Obama to use. You hit it on the head.