(CNN) - Arizona Sen. John McCain had some harsh words for President Obama's budget, warning in a statement released Friday that the president's proposal is a "threat to the nation."
"The Congressional Budget Office report proves that the administration has indeed engaged in a policy of generational theft," said McCain. "The CBO numbers show the reality of the fundamentally flawed assumptions of the president's budget and make clear what it really is: a risky, debt-ridden threat to the nation."
The former Republican presidential candidate's statement follows CBO figures released Friday morning which estimate a deficit of $2.3 trillion higher than what the White House predicted last month. The CBO forecasts almost $1 trillion worth of red ink per year over the next decade, totaling an estimated $9.3 trillion.
"This staggering deficit threatens our children's and grandchildren's future and simply cannot be sustained," McCain continued. "If the administration had learned anything in the last week, I would have hoped that it was that the American people deserve an honest accounting of what they're paying for. The profligate spending spree the Congress and administration has been engaged in must be controlled. I call on my colleagues on both sides of the aisle to chart a different course toward real change and fiscal responsibility."
Reading the personal remarks aimed at John McCain, only reminds me that liberals choose to demonize people because they can't argue with logic. Instead of being objective and blaming Bush and Obama both for putting us in this position, these people only know how to criticize Republicans.
Obama has been only too willing to get his socialist agenda on fast track – which is ownership of the private sector by the government. The $9.3 T deficit should scare every citizen in thsi country regardless of who they voted for.
PLEASE!!! stop trying to scare people. I do not see how you could do any better Sen.McCain. I am getting very tired of you and some of your friends trying to push the panic button. And for your info, you don't know what the public wants or needs. Juse think about the last eight years.
Sure, doubling the National Debt is a threat to the Nation.
The question is: is letting the financial system fail, and letting the economy slide into Depression a greater threat?
This is a tough choice. Obama was left with a monstrous national debt, which had more than doubled under Bush. There's no money to spend to fix the economy, so it must be borrowed.
Is it better to let the economy crash?
It is indeed a stark choice, but that's the situation that Bush left America with.
Until McCain can offer a third option, a way of lifting the economy without such a high price tag, then his comments are just hot air.
Mccain, isn't it your generation theft that put us in debt in the first place, I mean how long have you been in the Senate? Weren't you there during all 8 years of Bush. Why weren't you able to do something before it got this bad. Hindsight is 20/20 Senator Mccain. By the way, didn't President Obama ask the Republican's to come up with a budget plan or at least some ideas to work with. Why not just get your party together and work with the Democrats in a Bi-Partisian way and stop doing the standard GOP just say no go on Fox and complain route.
@ Tim who said "Remember the good old days when we laughed at people who walked around with "The End Is Near" signs hung around their necks?
Well, today, we're still laughing because the people wearing the signs now are called REPUBLICANS!!!
Best post of the day!! Love it
I'm not a big fan of McCain's but I have to admit that I agree that not only is Obama's budget a threat to the nation, but after listening to him again last night, the man himself is a threat to the nation. I just hope we can survive this 4 years. You can't get out of debt by going deeper into debt, that just does not make sense at all.
Senator McCain flip flops from one platform to another. Once again he's just throwing out a lot of issues against President Obama to see which one will stick. Go away Senator McCain...leave the politics to your daughter.
McCain has exhausted his time and usefulness in the Senate, and should resign at the end of his term.
It amazes me that Senator McCain has so much to say now about the economy, but early in the campaign admitted that he knew very little about the subject. Then when even he realized our country was in trouble, the only advice he could offer was lower the taxes, especially to the rich.
I would prefer listening to a politiian who knows the subject.
Where were the Repubs when were spending, like, a million dollars a minute in IraQ?
McCain has never had any problem with building new schools, highways, bridges and a new electrical grid in Iraq. Did he ever do anything to stop the no-bid system there that allowed US contractors to bilk the American people out of billion and billions of dollars? Now, investing in our antiquated broken down infrastructure in the US in too expensive? It is sad, when you travel to any other western country our infrastructure looks old and crumbling compared to theirs, because they haven't wasted their time and money fighting ridiculous concocted wars or in some stupid arms race. McCain is not saying anything different...if the American people thought his way was the right way, he would have won the election. He didn't. With only 7% of the electorate admitting to being staunch republicans, I would say he really does not have much of a voice here anymore.
Can McCain stop Bloomberg and the MTA from increasing fares !!!
Sen. McCain is the anti-Scary Spice; Scary Ice. That's one angry man......He lost, and he's not going to take it lying down. The fight is on for the next four years. He don't know karate, but he knows
ka-taser.......God will not let His man fail...............He will not let this country fall........Lift up your heads, and encourage yourselves. Life is beautiful...........If you're alive, you're blessed........
What's with all the hate and bile coming from you libs? You won the presidency and control both houses of congress so now you get to do it your way. You're behaving as if somebody is going to take it away from you. The only way you will lose it is if you screw up, Of course, if you do screw up then you will certainly lose it. A lot of you sound as if you sense your grip on power weakening already.
And President Obama bought all of your votes for a $400 tax refund?????
It is amazing that so few grasp the significance of spending money we simply do not have! McCain is right! The Congress and administration are stealing from our children. The boomers have already stolen from me a clean planet and a functioning economy, I darn well will not see that this government steals any more from my children. Anyone over 45 needs to suck it up and pay the bills – not charge their excess against me and my kids!!!! I would like to retire someday and not work until I die just because a bunch of id10ts want to spend spend spend. They are artificially inflating the economy and it will all crash and burn again!
maybe Sen McCain and some of the other GOP has beens should take a page out of President Bush's book and let Obama have their silence, especially if they can offer no better alternative. Better yet maybe just wait for this new GOP budget plan they are supposed to be making to come out and see what they do have to offer.
I voted for Obama but McCain is right on this one. We don't need more deficit than we already have.