The Victory Savings Plan

Just an additional word on John McCain's preposterous plan to balance the budget in part through the savings accrued by his mystery scheme for "victory" in Iraq. When you're talking about budgetary savings, you need to be talking compared to some baseline. So in this case while it's true that securing some undefined victory through undefined methods at an unknown future date would be cheaper than continuing precisely as is forever, that this "endless war" scenario doesn't exist in any of the standard budget projections.

There aren't, in short, any real savings to be achieved here -- only a large question mark as to how much additional deficit spending will take place. McCain, despite a certain amount of flim-flam last week to the contrary, is still the candidate who'll spend more in Iraq over a longer period of time than will the alternative candidate for the presidency.

Presented by

Matthew Yglesias is a former writer and editor at The Atlantic.

The Best 71-Second Animation You'll Watch Today

A rock monster tries to save a village from destruction.

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register.

blog comments powered by Disqus

Video

The Best 71-Second Animation You'll Watch Today

A rock monster tries to save a village from destruction.

Video

The Case for Napping at Work

Most Americans don't get enough sleep. More and more employers are trying to help address that.

Video

A Four-Dimensional Tour of Boston

In this groundbreaking video, time moves at multiple speeds within a single frame.

Video

Who Made Pop Music So Repetitive? You Did.

If pop music is too homogenous, that's because listeners want it that way.

Video

Stunning GoPro Footage of a Wildfire

In the field with America’s elite Native American firefighting crew

More in Politics

Just In