July 9th, 2008
03:00 PM ET
6 years ago

Cafferty: Confident in McCain's ability to fix economy?

 McCain said he could balance the budget by 2013 by keeping taxes low and curbing spending.
McCain said he could balance the budget by 2013 by keeping taxes low and curbing spending.

The economy is issue number one for American voters, and that has sent both presidential candidates scrambling to describe what they'd do to fix this nation's economic problems.

John McCain is vowing to balance the budget by 2013. He says he'll do it by keeping taxes low and cutting back on spending. McCain's plan includes a one-year freeze in domestic spending, entitlement reforms and reducing the growth in Medicare spending. He also says he'll veto any bill with earmarks.

A lot of economists suggest there's no way that McCain can balance the budget in 4 years.

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