John McCain will balance the budget by cutting earmark spending.

Not even close . Ever heard of the "starve-the-beast" strategy? It's about the only thing that explains either this history or why McCain's tax cuts (estimated to cost as much as $700 billion a year [PDF]) far exceed the cost of earmarks (total pork spending since 1991 has totaled about $271 billion).

Tags: Earmarks, Pork barrel spending, Starve the Beast

This entry was posted on Friday, September 26th, 2008 and is filed under Economics, Election 2008, McCain, Politics. Comments are closed; the conversation is kept as it was.