Fear of Clowns

From an email John McCain sent me today,

Today, there are 47 million uninsured individuals in the U.S., and nearly a quarter of them are children. High costs and limited access are the underlying, fundamental problems in our healthcare system.

As you know, both Senators Hillary Clinton and Barack Obama are touting outrageously expensive and unrealistic universal health care plans - a government monopoly over health care.

Unlike my opponents, I do not believe that all of our nation's problems can be solved by turning control over to our government, with all the tax increases, new mandates and government regulation that come with that idea.

The Mcain solution,

I will reform the tax code to provide every family the option of receiving a direct, refundable tax deposit - effectively $2,500 for individuals and $5,000 cash for families to offset the cost of insurance.

McCain openly admits he's no economic genius, however few realize this means he can't multiply or divide even with the assistance of senior campaign lobbyists aides.

Assuming every U.S. household received McCain's proposed individual refund ("$$$CASH$$$" no less!), the math is,

126,316,181 US Households x $2,500 each = $315,790,452,500

Without raising taxes, McCain is proposing greater than a new $316 billion unfunded mandate. In other terms he's proposing more than doubling the yearly deficit.

Labels: 2008 elections, McCain, taxes

// posted by Erik @ 4/29/2008 08:05:00 PM
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