April 1, 2009
Posted: April 1st, 2009 05:27 PM ET
From CNN Senior Congressional Correspondent Dana Bash WASHINGTON (CNN) - Former Republican presidential candidate John McCain is unveiling his own Republican budget alternative, which he says brings the debt and deficit lower than Democrats' proposals. Unlike Republicans in the House, Senate GOP leaders opted out of crafting an alternative budget, and instead plan to offer their ideas with amendments to the Democrats budget. But McCain clearly disagrees with that approach. According to a summary sent by a McCain aide, the Arizona Republican would trim spending on most programs except defense and veterans benefits, which would increase.
McCain's plan would bring the deficit only slightly lower in the next five years than the Senate Democrats' plan. His proposal would put the deficit at $484 billion by 2014. It is projected at $508 billion under the Senate Democrats budget. But McCain says his plan would bring deficits much lower than the budget offered by his former rival. He claims his plan would bring the deficit to $448 billion by 2019, while President Obama's budget leaves an estimated $1.189 trillion deficit. It is not entirely clear how McCain arrives at those figures, since the documents released by his office were summaries. Filed under: John McCain
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