McCain promises to balance federal budget in 4 years

McCain promises to balance federal budget in 4 years

www.politico.com

Sen. John McCain (R-Ariz.) plans to promise on Monday that he will balance the federal budget by the end of his first term by curbing wasteful spending and overhauling entitlement programs, including Social Security, his advisers told Politico.

(visit the link for the full news article)

Haha, ok, here's the plan...

“In the long-term, the only way to keep the budget balanced is successful reform of the large spending pressures in Social Security, Medicare, and Medicaid,” the McCain campaign says in a policy paper to be released Monday.

“The McCain administration would reserve all savings from victory in the Iraq and Afghanistan operations in the fight against Islamic extremists for reducing the deficit. Since all their costs were financed with deficit spending, all their savings must go to deficit reduction.”

Yeah, good thing we're going to have all that free money left over from victory.

www.politico.com
(visit the link for the full news article)

I can't believe it took him this long to finally try to appeal to the....who were those people? Those people Republicans were supposed to be?....Conservatives! That's it, finally trying to appeal to the conservatives. *rolls eyes*

John McCain is about as conservative as Britney Spears' wardrobe and some BS budget plan isn't going to change that. Forget the fact that the Iraq war isn't conserving any funds either...

a very easy campaign promise ,,,that many will buy into and he will very easily get out of 4 years from now

he will blame the democratic congress for not succeeding in this,,, and all the idiots watching fox news will buy it-hook,line and sinker

want placeaa bet on that??????

besides we all know there in on the act together anyway---more lies, bs, and broken promises

p.s. i voted ron paul and will never , ever vote mcquack,,,,,he's a joke and scumbag!!!!!

Yes. Let them eat cake. The liklihood of him balancing the federal budget in four years is a likely as him taking off a clean pair of drawers at the end of the day.

There's no way to balance a federal budget when money comes into existence with interest owed to a bank is automatically attached. ALL money in this country that exists isn't enough to pay back the debts, because for every dollar we see, there is a dollar + interest owed to a bank.



"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented."

- Major L.B.Angus



"Every circulating Federal Reserve Note represents in actuality a one dollar debt to the Federal Reserve system."

- Money Facts, House Banking and Currency Committee



"If all the bank loans were paid up, no one would have a bank deposit, and there would not be a dollar of currency or coin in circulation. This is a staggering thought. We are completely dependent on the commercial banks for our money. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money, we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp upon the picture, the tragic absurdity of our hopeless position is almost incredible - but there it is. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it is widely understood and the defects remedied very soon."

- Robert H. Hemphill, Federal Reserve Bank of Atlanta



"100% of what is collected is absorbed solely by interest on the Federal Debt. All individual income tax revenues are gone before one nickel is spent on the services taxpayers expect from government."

- Grace Commission report submitted to President Ronald Reagan, January 15, 1984



"Some people think the Federal Reserve Banks are US government institutions. They are not. They are private credit monopolies which prey upon the people of the US for the benefit of themselves and their foreign and domestic swindlers, and rich and predatory money lenders. The sack of the United States by the Fed is the greatest crime in history. Every effort has been made by the Fed to conceal its powers, but the truth is the Fed has usurped the government. It controls everything here and it controls all our foreign relations. It makes and breaks governments at will."

- Congressman Charles McFadden, Chairman, House Banking and Currency Committee, June 10, 1932



"Federal Reserve is not Federal and it has doubtful reserves. The name is an open deception designed to give this private bank the appearance that it is operating in the public's interest, when in fact it is run solely to gain private profit for its select stock holders. It came into being as the result of one of the slickest moves in financial history. On 23rd December 1913 the house of representatives had past the Federal Reserve Act, but it was still having difficulty getting it out of the senate. Most members of congress had gone home for the holidays, but unfortunately the senate had not adjourned sene die (without day) so they were technically still in session. There were only three members still present. On a unanimous consent voice vote the 1913 Federal Reserve Act was passed. No objection was made, possibly because there was no one there to object."

- "Who owns the FED"



"The Central Banks (which charge interest to governments for the money they produce from out of nothing, with no labour or wealth involved) have secured these loans against your future taxes. Without even asking you, a substantial part of your future worth has been put up as collateral. What Central Banks do in a big way with countries, your local bank will replicate on organisations and individuals, using the same slight of hand to produce the funds they lend out of thin air."

- Alternative Trading Network



"You are a den of vipers and thieves. I intend to rout you out, and by the Eternal God, I will rout you out. If the American people only understood the rank injustice of our money and banking system, there would be a revolution before morning."

- U.S. President Andrew Jackson



"When you or I write a check there must be sufficient funds in our account to cover the check, but when the Federal Reserve writes a check there is no bank deposit on which that check is drawn. When the Federal Reserve writes a check, it is creating money."

- "Putting it Simply", Boston Federal Reserve Bank



"While economic textbooks claim that people and corporations are competing for markets and resources, I claim that in reality they are competing for money - using markets and resources to do so. Greed and fear of scarcity are being continuously created and amplified as a direct result of the kind of money we are using. For example, we can produce more than enough food to feed everybody, and there is definitely not enough work for everybody in the world, but there is clearly not enough money to pay for it all. In fact, the job of central banks is to create and maintain that currency scarcity. Money is created when banks lend it into existence. When a bank provides you with a $100,000 mortgage, it creates only the principal, which you spend and which then circulates in the economy. The bank expects you to pay back $200,000 over the next 20 years, but it doesn't create the second $100,000 - the interest. Instead, the bank sends you out into the tough world to battle against everybody else to bring back the second $100,000."

- Bernard Lietaer, Central Banker



"Whoever controls the volume of money in our country is absolute master of all industry and commerce. When you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate."

- U.S. President James Garfield



"I have never yet had anyone who could, through the use of logic and reason, justify the Federal Government borrowing the use of its own money. I believe that the time will come when people will demand that this be changed. I believe the time will come in this country when they will actually blame you and me and everyone else connected with Congress for sitting idly by an permitting such an idiotic system to continue."

- Wright Patman, Banking & Currency Committee Chairman




[edit on 7-7-2008 by ianr5741]

this sounds almost reminiscent of Hillary Clintons promise of a "5000 dollar government savings bond for every child born in the united states"




tell them what they wanna hear.

The only difference is: now we have the internet.

Lies like these wont work no more

Please pardon me for mentioning this but 4 years is the term of office for a President.

So what he is saying is that the budget will not be balanced for the duration of his first term.

I can only presume that this is an advance promise as a reelection gift for his second term.



[edit on 7-7-2008 by Cyberbian]

Funny you should mention that Andrew. I guess that is why Obama is so concerned about "Blogshere" and why he has created the "Fight the Smears" campaign for combatting the Internet truth-seekers and tellers.

MSNBC may be nearly 100% in favor of him, they are MSM and can't control what goes on in Blogsphere, though i'm sure Bill Gates would like to if he could. Microsoft is partnered with NBC, hence MSNBC.

Bill Gates is a huge Utopian-minded thinker. Everything is good so long as he is in control of everything, much like Obama protrudes.

Bill still has the largest housing project in history along the Pugent Sound over-there in Seattle. Look up his house sometime - the size, what it has etc.

For a guy that has stepped on so many people and tried to change his image, I have no respect for this man. I once did, but after learning more about him, could not respect someone like this.

Bill and Obama are the same in that regard, they'll lead you to believe something all-the-while doing something totally corrupt to support their greedy agendas and self grandization.

The scary part is, they want it on a global scale where it affects everyone.


[edit on 7-7-2008 by jetxnet]

Anyone old enough to remember silver dollars? Silver coins that were taken out of cirulation in the 50's replaced by copper plugs?
It is all hitting the fan now.
Enjoy.

reply to post by jetxnet


I fail to see how, in any way shape or form, you post pertains to this issue.

This is about McCains proposal to balance a budget.

If you have an issue with me, please take it up via u2u

now, back to McCain.

This is a pretty bold claim. McCain promises to balance the budget, but claims he'll spend 100 yeras in iraq

well, i guess a few things are going to have to go in order to balance out a trillion dollar war.....

i guess UHC is out of the question
bye bye medicare
bye bye education
bye bye HOPE credit

hello GI bill and balanced budget (his only 2 concerns, period)

electing John McCain for president is like asking Jaws to fill in as life-guard in the kiddie pool

reply to post by jetxnet


Do you just hop from thread to thread inserting anti Obama propaganda?

How about talking about how McCain is not promising to balance the budget till his second term?

It's an interesting thread, and really exemplifys McCain being a doddering old fool who cannot see transparency of his own twisted words.

The man grasps onto obsolete paradigms like the stranglehold he uses on podiums. Not that I blame him, he is probably afraid of falling and breaking a hip.

reply to post by jetxnet


Indeed. Please keep to the topic, otherwise we'll have to remove your posts. Thank you.

McCain promises to balance federal budget in 4 years

Read the first post to make sure you understand the topic.

jetxnet and eric whatever have proven their agendas.
I would not expect to teach them to sing either.

"reserve all savings from victory in the Iraq and Afghanistan"

---------------------------------------------------------------------------

what savings?? the money was borrowed to pay for the wars, it came with interest, it will probably be a few hundred years or so before we stop paying for this war...and since it was all borrowed money, it didn't come out of our revenues in the first place, so, victory isn't gonna save anything, it's just gonna mean we might stop borrowing so much.

so, what he is saying, is that the only tool he is planning on using is to destroy social security and medicare....since he won't be raising the taxes either. and, well, considering how the cost of living is skyrocketing, I doubt if he's gonna be able to do much to cut costs in the social service programs...the higher the cost of living goes, the more people there will be needing the programs, and many of them do have jobs they need to get to if society is to keep running, ain't gonna find any savings there. it's the old folks he's planning on draining the money from....the one group that, in my opinion, has a valid claim to their entitlement.....
thief!!!!

[edit on 7-7-2008 by dawnstar]

I think THIS is the funniest part of his thinking!!

McCain promises to balance budget

“The McCain administration would reserve all savings from victory in the Iraq and Afghanistan operations in the fight against Islamic extremists for reducing the deficit. Since all their costs were financed with deficit spending, all their savings must go to deficit reduction.”

Am I just not grasping what he's saying here?

Is it just me, or does this statement just not make sense at all?

Could somebody PLEASE explain to me what the hell the savings are going to be "from victory in the Iraq and Afghanistan operations".

Does this statement actually make any sense and I'm just missing it?

Does he just mean the savings from NOT having to support operations in Iraq and Afghanistan anymore?

If that's what he means, why'd he phrase it like that, "The McCain administration would reserve all savings from victory in the Iraq and Afghanistan operations".

If that's actually what he means, what a load of crap! He's just proving, more and more, day by day, how incompetent he would be and how utterly useless he would be in helping to get the US economy back on track.

Or, again, am I missing his point?


[edit on 7/9/2008 by Keyhole]

Originally posted by Keyhole
I think THIS is the funniest part of his thinking!!

McCain promises to balance budget

“The McCain administration would reserve all savings from victory in the Iraq and Afghanistan operations in the fight against Islamic extremists for reducing the deficit. Since all their costs were financed with deficit spending, all their savings must go to deficit reduction.”

Am I just not grasping what he's saying here?

Is it just me, or does this statement just not make sense at all?

Could somebody PLEASE explain to me what the hell the savings are going to be "from victory in the Iraq and Afghanistan operations".

Does this statement actually make any sense and I'm just missing it?



[edit on 7/9/2008 by Keyhole]

it sounded good, and most people just don't think things through...
in other words, I don't really get it either. I mean, even after "victory" we still lose because all that money was borrowed with interest, so we owe more than the original cost and will probably be paying for it for a half century or longer. but, what I think he's saying is that instead of borrowing money for the war, they'll be borrowing the money to balance the budget??? which is basically what they are doing now, isn't it?
but, it sounded good, and well, I imagine there's a few that bought it hook, line, and sinker...and are all for the idea...since well, the main ingredient is there....let's obliterate the social service programs out there.

[edit on 9-7-2008 by dawnstar]

[edit on 9-7-2008 by dawnstar]