McCain Will Balance Budget By End Of First Term. Or Was It Second?
By Eric Kleefeld - July 8, 2008, 2:57PM
The McCain campaign appears to be unable to decide when he'll succeed in balancing the budget. Is he promising a balanced budget by the end of his first term -- partly contingent on a sudden victory in Iraq -- or by the end of his second term?
As Think Progress
http://thinkprogress.org/2008/07/08/mccain-deficit/">pointed out, McCain economic adviser Doug Holtz-Eakin
http://www.nytimes.com/2008/07/08/us/politics/08econ.html?_r=1&ref=washington&oref=slogin">told the
New York Times yesterday that McCain would balance the budget by the end of his first term. But during a conference call with reporters yesterday, Holtz-Eakin suddenly
http://www.bloomberg.com/apps/news?pid=20601087&sid=aN5HS20IUrug&refer=home">walked it back significantly.
Not only that, but he walked it back in a way that made it seem like this was always McCain's position, and not a flip-flop: "The senator has always pledged to balance the budget by the end of his second term."
Late Update: This isn't the first time McCain has gone back and forth on this one, either. As the
New York Times http://thecaucus.blogs.nytimes.com/2008/07/07/mccain-reverts-to-balanced-budget-pledge/index.html?partner=rssnyt&emc=rss">noted, McCain promised back in February to balance the budget during his first term, but then changed it to the second term in April.
http://tpmelectioncentral.talkingpointsmemo.com/2008/07/mccain_will_balance_budget_by.php">Link