McCain Now Blames Social Security, Not Tax Cuts For Growing Deficits

by Steve Soto

Watch “Straight Talk’s” 2008 campaign go “boom” in his efforts to pander to his party’s right wing. McCain is about to revisit privatization.

After flip-flopping from his earlier opposition to Bush’s budget-busting tax cuts for the wealthy, and voting in favor of extending them and their deficits well into the next decade, John McCain will tell the Economic Club of New York tonight that entitlement spending, and not fiscally reckless tax cuts are the culprit behind our fiscal imbalances. He’ll also indicate that both Medicare and Social Security will drain the economy and won’t deliver the promised benefits to retirees.