March 20th, 2009
04:59 PM ET
13 years ago

Obama's budget a 'threat to the nation,' says McCain

[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2009/images/03/20/art.getty.mccain.close.jpg caption="Sen. John McCain blasted President Obama's budget in a statement released Friday."](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."


Filed under: John McCain • President Obama
soundoff (143 Responses)
  1. Caleb

    THANK YOU MR. McCAIN

    March 20, 2009 05:15 pm at 5:15 pm |
  2. Nancy

    Thank you, John, for being a strong voice, as always. My children do not deserve to pay for this mess for the rest of their lives.

    March 20, 2009 05:16 pm at 5:16 pm |
  3. Pete

    This coming from the guy who signed off on Bush's multi-trillion dollar war in Iraq that was paid for EXCLUSIVELY with money borrowed from China. Oh, that's right, in the world of the GOP, wars are paid for with magic pixie money?

    March 20, 2009 05:16 pm at 5:16 pm |
  4. Moe T

    Didn't AIG underwrite McCain's "Reform Institute?"

    March 20, 2009 05:16 pm at 5:16 pm |
  5. Michelle

    Oh please – I'm no fan of the budget and increased deficit, but the Republicans, led my McCain, would be in exactly the same boat. The only difference is that the pork on the stimulus package would be Republican flavored instead of Democrat. BOTH sides haven't the foggiest notion of what "fiscal responsibility" actually entails.

    March 20, 2009 05:16 pm at 5:16 pm |
  6. 1st Chiar, Arlington Texas

    Senator John McCain, have your son or Wife return the money back that they aquired from the failed NV State bank? I don't want to refer to them as Crooks, Theives, Liars and some more choice words...

    In other words let's clean your own house first.

    March 20, 2009 05:16 pm at 5:16 pm |
  7. madeinseattle

    NOBODY CARES IN THE SLIGHTEST WHAT JOHN MCCAIN THINKS OF OBAMA'S BUDGET. MCCAIN IS REPUBLICAN AND REPUBLICANS HAVE UTTERLY DESTROYED THE GLOBAL ECONOMY OVER THE LAST 8 YEARS.

    JOHN MCCAIN. GO. AWAY.

    March 20, 2009 05:16 pm at 5:16 pm |
  8. Tim in Carroll, Ia

    And just what would you have done if you had been elected, John?

    All you offered up during the campaign was more of what Bush did.

    That doesn't seem to be working out so good for the country, does it!?

    The real threat to the nation would have been YOU getting elected!

    Face Reality, Mc Cain:

    WE THE PEOPLE OF THE UNITED STATES, REJECTED YOU, REJECTED THE CONSERVATIVE IDEOGY OF "LET THE RICH GET RICHER", AND REJECTED THE REPUBLICAN PARTY WHICH HAS NOTHING TO OFFER FOR OUR FUTURE!!!

    JOHN! THE ELECTION IS OVER!!!!!! YOU LOST !!!!!! EITHER HELP FIX THE MESS YOU HELPED TO CREATE – OR SHUT UP AND GET OUT OF THE WAY!!!!

    CHANGE HAS COME AND WE THE AMERICAN PEOPLE HAVE CONFIDENCE IN OUR NEW LEADERSHIP!!!!

    March 20, 2009 05:17 pm at 5:17 pm |
  9. Dave

    Just shut up you miserable old man. you lost the election, you ran a horrible campaign, your party has bankrupted our country over 8 years. Just shut up and go away

    March 20, 2009 05:17 pm at 5:17 pm |
  10. Nicole

    McCain...I didn't believe in him then...I don't believe in him NOW!

    March 20, 2009 05:17 pm at 5:17 pm |
  11. Michigan Jim

    Right on, John. I expected a huge increase in government spending once BHO took office, but the scale of what's actually occurred is unbelievable. In a year, Obama (with allies Reid and Pelosi) are taking this country's deficit from 2.5% of GDP to over 12%, levels not seen since toward the end of World War II!

    March 20, 2009 05:18 pm at 5:18 pm |
  12. Eric Beck

    Jeez, these Republicans...They don't give a darn about future generations, unless it's their own sons & daughters, and even that is in question. The Bush Administration adn the Republican Congress inherited a surplus from Clinton, and turned into massive debt. Well, at least they won't have to worry about the future of the 5,000 young men and women who gave their lives in Bush's war.

    March 20, 2009 05:18 pm at 5:18 pm |
  13. Jackie in Dallas

    Ah, yes, the peanut gallery chiming in. Hey, McCain...for someone who doesn't know as much as you'd like about the economy (do you know what the word means?), you certainly are making a lot of comments about it without offering any real alternatives. There are already accountability and visibility provisions in the stimulus bill, and your favorite, defense, didn't get their budgets cut, so pipe down!

    Your previous boss, you know, President Bush, put us much further into debt than all previous Presidents combined! Mr. Keating Five, your help in de-regulating business and the financial industry helped put us IN this mess. And you would have kept our forces in Iraq for 100 years (at how many billions a month?), not to mention we'd probably be at war with Iran by now, as well if you had been elected.

    Why not call upon your wife for some fiscal responsibility...

    March 20, 2009 05:19 pm at 5:19 pm |
  14. matt

    The nonstop spending needs to stop. I can't afford it and neither can my great-great-great-great-grandchildren.

    Pass a Balanced Budget Amendment.

    March 20, 2009 05:19 pm at 5:19 pm |
  15. ANGIE IN PA

    Senator Mccain the Only Threat to the Nation Sir is if you and Your Airhead VP Would have Won. And God for bid Something Happen to you we would of Been Stuck with Palin now That My Friend would have Been A Serious threat and Disaster!

    March 20, 2009 05:19 pm at 5:19 pm |
  16. shoegazer

    That flushing sound you hear is the country going down the drain and
    both major parties have had a hand on the handle.

    March 20, 2009 05:19 pm at 5:19 pm |
  17. Justin

    Surprise, surprise.

    March 20, 2009 05:20 pm at 5:20 pm |
  18. butch

    mcsame need to get a life.

    March 20, 2009 05:20 pm at 5:20 pm |
  19. Chris from San Antonio

    No word on the staggering $1 Trillion our children and grandchildren will be paying for your War in Iraq, eh McCain?

    March 20, 2009 05:20 pm at 5:20 pm |
  20. Hall for Obama

    Thank you so much Mr. who did not know how to pick his own VP. I hope President Obama do not listen to you.

    March 20, 2009 05:20 pm at 5:20 pm |
  21. Dereck

    McCain is even a more bitter old white man , than he was during campaign. What a jer!!!!!!!!!!

    March 20, 2009 05:21 pm at 5:21 pm |
  22. Marie in California

    I agree.

    March 20, 2009 05:21 pm at 5:21 pm |
  23. John New Jersey

    Who keep asking Grandpa questions on the economy? Where was he during the past eight years??????????????????????????

    March 20, 2009 05:21 pm at 5:21 pm |
  24. abdul S

    You should have raised alarm when .G.Bush was in power and when you were cheerleader for Iraq war. President Obama is absoulately working very hard and doing a great job for American people. He has no choice but to spend money to get the economy moving. He has inherited broken economic fundamentals. So you must have patient, because we did not get here overnight.

    March 20, 2009 05:21 pm at 5:21 pm |
  25. Lynnette

    I have a real problem with his statement because if this money was going to fund the wars he wants to continue, he wouldn't say a word. I guess it was appropriate for our children and grandchildren to pay for that.
    McCain's got alot of nerve on this because 1) he doesn't understand it, and 2) if it was a Republican putting forth such a budget, he would step in line and be the first to vote yes.
    You know Senator McCain, all of this spending didn't start with President Obama. Just look at former President Bush and all of his spending.

    March 20, 2009 05:21 pm at 5:21 pm |
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