Time for McCain to Ditch that Balanced Budget Pledge

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After the Tax Policy Center, the New York Times, and Marc Ambinder all methodically took apart John McCain’s pledge to balance the budget by the end of his first term (while extending massive tax cuts for the wealthy, creating new tax cuts for corporations, continuing the war in Iraq, fully funding No Child Left Behind, and introducing a climate change action plan), I thought maybe the media pressure on the McCain campaign would be great enough that it would have to walk the pledge back. No dice. It hasn’t budged. Maybe McCain’s campaign staffers are betting that everyday folks in Ohio, Pennsylvania, and Florida won’t see any serious analysis of their numbers.

If that’s the case, the fact that the usually conservative Washington Post editorial board is now breaking down the McCain budget pledge and exposing all of its fuzzy, fuzzy math probably won’t help either. Nor will the fact that Bloomberg is going after him. But it’s nice to know that the coverage of this has legs.

Update: I want to add that there is no secret McCain plan to balance the budget. The man doesn’t understand economics, America’s recent economic history, or simple economic policy. His campaign simply made a pledge for political reasons that it couldn’t back up and now it’s seeing if it can survive the media windstorm that has resulted.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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