McCain Vows to Slash Pentagon, Federal Spending
By Zachary A. Goldfarb
Presumptive Republican nominee Sen. John McCain (Ariz.) pledged Sunday to cut billions of dollars in defense spending, vowing to be special interests' "worst nightmare," and aimed to dismiss suggestions that he has an explosive temper.
McCain said on ABC's "This Week" that he would seek to eliminate the federal budget deficit by cutting spending throughout government. The Pentagon drew special emphasis.
"I am cutting billions and billions out of defense spending which are not earmarks," he said.
The Arizona senator also defended a new Medicare means test he wants, saying that fairness demands that "wealthy people pay for their own prescription drugs."
"Why should we be paying for Warren Buffett or Bill Gates or wealthy Americans who are retired, making $160,000 a couple, not pay for their own prescription drugs? We've got a $1 trillion unfunded liability associated with the Medicare prescription drug bill. One trillion dollars that we're laying on the next generation of Americans. We don't want to do that," McCain said.
Posted at 2:05 PM ET on Apr 20, 2008
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