McCain Promises to Balance Budget

7 July 2008 - 11:55am

July 7 - As part of his week-long effort to take back the issue of the economy, Senator McCain has proposed to balance the federal budget by the time he leaves office. McCain intends to achieve a balanced budget through five key measures; namely:

"Economic growth spurred by the elements of his economic plan, eliminating congressional budget add-ons called earmarks, offering private Social Security accounts for younger Americans, withdrawing troops from the Middle East and freezing or slowing discretionary spending."

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