The Elephant (OR Where can we find money?)

OK, this is old news, but I never got around to pointing it out (at least, I don’t remember doing so).

Anyway, via Matt, comes this:

McCain’s top economic adviser, Doug Holtz-Eakin, blithely supposes that cuts in defense spending could make up for reducing the corporate tax rate from 35% to 25% and the subsequent shrinkage in federal revenues.

Can you imagine the outcry if a Democrat were to even consider suggesting cuts in defense spending? And yet, I’m sure many of you didn’t catch this…

Does this mean that decreased defense spending is on the table? Think of all the social programs we could fund!

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