Deficits and Balancing

The New York Times keeps us aware of the size and growth rate of the federal debt. They mention that balancing the budget has been moved to the bottom of most Washington agendas. John McCain, meanwhile, said in the last debate that he would be able to balance the budget in his first term. Does he even believe this? Or maybe he was slipping into one of those square peg talking points in this round hole situation.

It just isn't the kind of thing that inspires confidence in him, especially given his relatively thin economic credentials.