John McCain Outlines Crackpot Scheme to Cut the Deficit

On Monday, John McCain released the outlines of his economic agenda, promising to balance the federal budget by the end of his first term by saving money from achieving victory in Iraq and Afghanistan.

"Since all their costs were financed with deficit spending, all their savings must go to deficit reduction," McCain's memo read.

But if the goal is to reduce deficit by cutting down on foreign expenditures, the question should be raised: whose Iraq plan -- McCain's or Barack Obama's -- would do more?

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