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McCain warns of unchecked Democratic majority in Washington

Posted by rightwinger on October 26, 2008

“The answer to a slowing economy is not higher taxes, but that is exactly what is going to happen when the Democrats have total control of Washington,” McCain told about 3,000 supporters in Denver’s National Western Arena. “We’ve already seen a preview of their plans,” added the four-term Arizona senator. “It’s pretty simple and pretty familiar: tax and spend.”

McCain took aim at Barney Frank, the Massachusetts Democrat who chairs the House Financial Services Committee. In an interview on CNBC, Frank called for an immediate increase in government spending to prime the economy, and “speaking personally,” he said he would favor a surtax on America’s wealthiest people to help taxpayers recover the cost of government bailouts.

“We should take him at his word,” McCain declared. “And when he says that there are, quote, ‘a lot of very rich people out there whom we can tax,’ it’s safe to assume that means you.”

Read the full article


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