Who is the more conservative, Mitt Romney, who has said he won't cut spending dramatically in his first year for fear of causing another recession, or John McCain, who was quite radical by current standards in calling for a freeze on spending?
September 26, 2008|Russ Britt
LOS ANGELES (MarketWatch) -- Sen. John McCain proposed a possible spending freeze on virtually every federal program except the Department of Defense, for veterans and entitlement programs in a presidential debate with rival Barack Obama Friday night. Obama countered that approach is too broad-based, saying it was the equivalent of "using a hatchet where you need a scalpel."
Anybody seen the scalpel? The debt back then was $10 trillion. Now it's $15 trillion. And we're no longer AAA.
Video here.
